Bitcoin Gold (BTG) is a hard fork of Bitcoin. It is an open-source, peer-reviewed, and decentralized digital coin. This blockchain ecosystem also provides a fertile ground for developers to build decentralized applications on a bitcoin base. In mid-Feb 2021, BTG was on an uptrend with minor corrections. Past Performance On March 17, 2021, BTG started trading at 0.00053 BTC. As of March 22, 2021, BTG closed at 0.00056 BTC. Thus, the price has soared by roughly 6%, in the past week. In the last 24 hours, BTG has traded between 0.00051 BTC-0.00065 BTC. https://ift.tt/3vPZKYw Days-Ahead and Tomorrow Currently, BTG is trading at 0.00063 BTC. The price has increased from the opening price of 0.00055 BTC. Thus, the market seems positive. The MACD and signal lines are positive. But, they are very close to the zero line. They may change signs soon. Moreover, a bearish crossover by the MACD line over the signal line has occurred. Thus, the market momentum is all set to turn bearish. The A/D indicator has been rising this morning. However, for the past couple of hours, it has been declining gradually. Thus, accumulations are slowly decreasing and distributions are increasing. As selling pressures mount, the price will start falling steadily. At present, the RSI is at 55%. It faced a bearish swing rejection at 60%. Thus, selling pressures are high. The BTG coin is poised for a price drop. In other words, the price is likely to fall. BTG Price Analysis Currently, the price is near the first Fibonacci pivot resistance level of 0.0006 BTC. If the bulls regain strength, by day close, we can expect the price to surpass the subsequent resistance level of 0.0007 BTC. Presently, the price has tested and fallen below the 23.6% FIB retracement level of 0.00062 BTC. If by day end, the price falls below the 76.4% FIB retracement level of 0.00054 BTC, then probably a downtrend has set in. In that case, the price downtrend may continue tomorrow as the BTG market is currently in an active price discovery phase.
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