- Bullish BTG price prediction ranges from $31.51 to $77.58.
- BTG price might also reach $80 soon.
- BTG bearish market price prediction for 2022 is $14.40.
In Bitcoin Gold (BTG) price prediction 2022, we use statistics, price analysis, RSI, and much other information about BTG to analyze the future trend of cryptocurrency.
What is Bitcoin Gold (BTG)?
Bitcoin Gold (BTG) is a user-friendly alternative to Bitcoin (BTC). The network aims to combine the security and sturdiness of the Bitcoin blockchain. Also to present a coin with the implementation capabilities of Btcoin. Bitcoin Gold (BTG) relies on the proof-of-work (PoW) consensus mechanism. Bitcoin Gold allows developers to participate in the governance and development of the blockchain freely.
Bitcoin Gold (BTG) Current Market Status
According to CoinGecko, the BTG price is trading at $34.27 with a 24-hour trading volume of $342,062,692, at the time of writing. However, BTG has increased by 28.6% in the last 24 hours.
Moreover, BTG has a circulating supply of 17,513,924 BTG. Currently, BTG trades in cryptocurrency exchanges such as Binance, OKX, Bybit, Huobi Global, and Upbit.
Bitcoin Gold (BTG) Price Prediction 2022
BTG holds the 87th position on CoinGecko right now. BTG price prediction 2022 is explained below with a daily time frame.
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with the highs and is called the trendline. When the price is around the upper trend line, look for short opportunities, although aggressive traders could trade long and short at both trend lines looking for a bounce or pullback.
Another way to trade this pattern is to wait for the price to break through either trendline. Descending channels, like ascending channels, are a tool for determining whether the trend in price will continue.
In the daily time frame chart, if the price of the BTG breaks the resistance level of $48.49, it will reach the target of $77.58. Or else, if the price of the BTG drops it will fall to the support level at $14.40. So, the trend of the BTG is based on the breakout.
BTG Support and Resistance Level
The below chart shows the support and resistance level of BTG.
From the above daily time frame, it is clear the following are the resistance and support level of BTG.
- Resistance Level 1 – $37.29
- Resistance Level 2 – $48.42
- Resistance Level 3 – $76.69
- Support Level 1 – $25.48
- Support Level 2 – $14.55
The charts show that BTG has performed a bullish trend over the past month. If this trend continues, BTG might run along with the bulls overtaking its resistance level at $76.69.
Conversely, if the investors turn against the crypto, the price of BTG might plummet to almost $14.55, a bearish signal.
Bitcoin Gold (BTG) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Bitcoin Gold (BTG) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of BTG lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of Bitcoin Gold (BTG) is shown in the above chart. Notably, the BTG price lies above 50 MA (short-term), so it is entirely in an upward trend. Currently, BTG is in a bullish state. There is a possibility of a reversal trend of BTG at any time.
Meanwhile, the relative strength index (RSI) of the BTG is at a level of 76.91. This means that BTG is in an overbought state. However, this gives confidence to the traders to trade without any fear.
Bitcoin Gold (BTG) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Bitcoin Gold (BTG). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Bitcoin Gold (BTG). Currently, BTG lies in the range of 42.46, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of Bitcoin Gold (BTG). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of BTG lies above 50, indicating higher volatility. In fact, BTG’s RSI is at 76.91, thus confirming a potential buy signal.
Comparison of BTG with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Bitcoin Gold (BTG).
From the above chart, we can interpret ETH, BTC, and BTG are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and BTG also increase or decrease respectively.
Bitcoin Gold (BTG) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Bitcoin Gold (BTG) might probably attain $90 by 2023.
Bitcoin Gold (BTG) Price Prediction 2024
With several upgrades in the network, Bitcoin Gold (BTG) might enter a bullish trajectory. If the coin grabs the attention of major investors, BTG might rally to hit $98 by 2024.
Bitcoin Gold (BTG) Price Prediction 2025
If Bitcoin Gold (BTG) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, BTG would rally to hit $105.
Bitcoin Gold (BTG) Price Prediction 2026
If Bitcoin Gold (BTG) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, BTG would rally to hit $120.
Bitcoin Gold (BTG) Price Prediction 2027
If Bitcoin Gold (BTG) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, BTG would rally to hit $135.
Bitcoin Gold (BTG) Price Prediction 2028
If Bitcoin Gold (BTG) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, BTG would hit $142.
Bitcoin Gold (BTG) Price Prediction 2029
If investors flock in and continue to place their bets on Bitcoin Gold (BTG), it would witness major spikes. BTG might hit $150 by 2029.
Bitcoin Gold (BTG) Price Prediction 2030
With greater advancements in the Bitcoin Gold ecosystem, the crypto community might continue to invest in Bitcoin Gold (BTG) for the next 8 years and drive significant price rallies for the token. Hence, Bitcoin Gold (BTG) might hit $165 by 2030.
Conclusion
With continuous improvements in the Bitcoin Gold network, we can say that 2022 is a good year for BTG. For this reason, the bullish price prediction of Bitcoin Gold (BTG) in 2022 is $77.58. On the other hand, the bearish price prediction of Bitcoin Gold (BTG) for 2022 is $14.40.
Furthermore, with the advancements and upgrades in the Bitcoin Gold ecosystem, the performance of Bitcoin Gold (BTG) might hit $80 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $456.25 in the near future.
FAQ
Bitcoin Gold is an alternative fork of the Bitcoin blockchain that implements changes to make mining more equitable. Its goal is to create a network where anyone can become a miner with only basic hardware.
Bitcoin Gold (BTG) has been listed on many crypto exchanges which include Binance, OKX, Bybit, Huobi Global, and Upbit.
With the ongoing developments and upgrades within the Bitcoin Gold platform, Bitcoin Gold (BTG) has a high possibility of reaching its ATH soon.
On Dec 20, 2017, Bitcoin Gold (BTG) reached its new all-time high (ATH) of $456.25.
Bitcoin Gold (BTG) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Bitcoin Gold in the past few months, BTG is considered a good investment in 2022.
Bitcoin Gold (BTG) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Bitcoin Gold (BTG) will hit $80 soon.
Bitcoin Gold (BTG) price is expected to reach $90 by 2023.
Bitcoin Gold (BTG) price is expected to reach $98 by 2024.
Bitcoin Gold (BTG) price is expected to reach $105 by 2025.
Bitcoin Gold (BTG) price is expected to reach $120 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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