Bitcoin Gold has been through a roller coaster ride over the last seven days. On August 14, the BTG price spotted around $11, and it was trading with upside momentum. Over the next two days, the coin touched $11.40, and then, it registered a sudden spike to $12.11, but later corrected down below $11.60.
However, on the next day, Bitcoin Gold again marked escalation, and this time, it touched $12.39, but again, it faced rejection and fell below $11.80. Later, with few massive fluctuations, BTG/USD kept the downtrend intact, and on August 19, it corrected down below $11 mark at $10.57.
After hitting a $10.57 price level, Bitcoin Gold continued to reflect moderate volatility and formed double bottom around $10.41. After that, BTG gained some momentum and started trading upwards. At the time of writing this analysis, the price was spotted at $11.27.
BTG is ranked 69th in the market with a negative 97 ROI. Its market cap stands at 196 million USD. The MACD shows bullish crossover due to recent recovery. As per Bitcoin Gold forecast and the overall momentum, BTG might keep the uptrend intact and test the next resistance around $12 soon.
