Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
- Bitcoin Gold is up 31.76% today against the US Dollar
- BTG/BTC increased by 32.76% today
- BTG/ETH increased by 30.55% today
- Bitcoin Gold is currently trading 19.71% below our prediction on Jan 16, 2024
- Bitcoin Gold gained 74.53% in the last month and is up 107.63% since 1 year ago
| Bitcoin Gold price | $ 30.52 |
| Bitcoin Gold prediction | $ 38.01 (33.92%) |
| Sentiment | Bullish |
| Fear & Greed index | 76 (Extreme Greed) |
| Key support levels | $ 21.29, $ 19.12, $ 17.70 |
| Key resistance levels | $ 24.89, $ 26.32, $ 28.49 |
BTG price is expected to rise by 33.92% in the next 5 days according to our Bitcoin Gold price prediction
Bitcoin Gold price today is trading at $ 30.52 after gaining 31.76% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 18.34% in the same time period. BTG performed well against BTC today and recorded a 32.76% gain against the world’s largest cryptocurrency.
According to our Bitcoin Gold price prediction, BTG is expected to reach a price of $ 38.01 by Jan 16, 2024. This would represent a 33.92% price increase for BTG in the next 5 days.
BTG Price Prediction Chart
Buy/Sell Bitcoin Gold
What has been going on with Bitcoin Gold in the last 30 days
Bitcoin Gold has been displaying a positive trend recently, as the coin gained 74.53% in the last 30-days. The medium-term trend for Bitcoin Gold has been bullish, with BTG increasing by 138.39% in the last 3 months. The long-term picture for Bitcoin Gold has been positive, as BTG is currently displaying a 107.63% 1-year price change. On this day last year, BTG was trading at $ 14.70.
Bitcoin Gold reached its all-time high price on Oct 23, 2017, when the price of BTG peaked at $ 518.00. The current BTG cycle high is $ 172.20, while the cycle low is at $ 4.12. BTG has been displaying high volatility recently – the 1-month volatility of the coin is at 12.42. Bitcoin Gold recorded 13 green days in the last 30 days.
Bitcoin Gold technical analysis for today – Jan 12, 2024
The sentiment in the Bitcoin Gold markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $ 21.29, $ 19.12 and $ 17.70, while $ 24.89, $ 26.32 and $ 28.49 are the key resistance levels.
Bullish sentiment for Bitcoin Gold
30 indicators are currently signaling a bullish prediction for Bitcoin Gold, while 0 indicators are showing a bearish forecast. With 100% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Bitcoin Gold.
Crypto market is currently experiencing Extreme Greed
Currently, the Fear & Greed index is at 76 (Extreme Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Bitcoin Gold moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Bitcoin Gold is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 20.78 (BUY) | $ 19.77 (BUY) | – | – |
| MA5 | $ 20.12 (BUY) | $ 19.31 (BUY) | – | – |
| MA10 | $ 19.89 (BUY) | $ 18.62 (BUY) | – | – |
| MA21 | $ 19.97 (BUY) | $ 17.75 (BUY) | -$ 187.13 (BUY) | $ 16.07 (BUY) |
| MA50 | $ 18.21 (BUY) | $ 16.60 (BUY) | -$ 93.89 (BUY) | $ 16.49 (BUY) |
| MA100 | $ 16.55 (BUY) | $ 15.64 (BUY) | -$ 49.18 (BUY) | $ 19.77 (BUY) |
| MA200 | $ 14.84 (BUY) | $ 15.19 (BUY) | -$ 16.07 (BUY) | $ 15.50 (BUY) |
| Period | Value | Action |
| RSI (14) | 55.09 | NEUTRAL |
| Stoch RSI (14) | 21.04 | NEUTRAL |
| Stochastic Fast (14) | 79.73 | NEUTRAL |
| Commodity Channel Index (20) | 66.67 | NEUTRAL |
| Average Directional Index (14) | 35.92 | BUY |
| Awesome Oscillator (5, 34) | 1.32 | NEUTRAL |
| Momentum (10) | 1.32 | BUY |
| MACD (12, 26) | 0.03 | NEUTRAL |
| Williams Percent Range (14) | -20.27 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 58.57 | NEUTRAL |
| VWMA (10) | 21.64 | BUY |
| Hull Moving Average (9) | 20.89 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 20.63 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Bitcoin Gold is at 55.09, suggesting that BTG is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Bitcoin Gold over the last 50 days. Currently, Bitcoin Gold is trading below the SMA 50 trendline, which is a bearish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the BTG closing price for the last 200 days. BTG is now trading below the SMA 200, signaling that the market is currently bearish.
The bottom line about this Bitcoin Gold prediction
After considering the above factors, we can conclude that the current forecast for Bitcoin Gold price prediction is Bullish. BTG would have to increase by 33.92% to hit our $ 38.01 target within the next five days. Moving forward, it will be important to monitor the BTG market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Bitcoin Gold price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
Source: https://coincodex.com/article/36586/bitcoin-gold-prediction-january-12-2024/