This Bitcoin Gold Price Prediction 2022 is predicated solely on technical indicators. Several cryptocurrencies reached new all-time highs during the 2021 Bull Run. Some crypto assets, on the other hand, experienced a price dip. As a result, many digital currency traders are unsure whether to hold or sell their digital assets.
This is also a scenario that crypto traders may encounter with BTG. Nonetheless, the crypto market has recently been consolidating. Consequently, several cryptocurrencies have lost their prior profits. Will BTG be subjected to similar price fluctuations? In this BTG price prediction 2022 post, we’ll find out soon. But first, let’s define what BTG is.
What exactly is Bitcoin Gold?
Bitcoin Gold was introduced in 2017 as a user-friendly cryptocurrency ecosystem. It is comparable to Bitcoin. The BTC network aims to combine the Bitcoin network’s security and durability, as well as its qualities, with the opportunity for experimentation and evolution.
Furthermore, BTG improves and expands the cryptosystem. BTG’s blockchain is closely comparable to Bitcoin. However, without consuming resources like Bitcoin hash power or competing for the title of “genuine Bitcoin.” Furthermore, the business intends to produce a currency with the implementation capabilities of BTC. Meanwhile, they are extending the opportunities for DeFi and DApp developers to use the token.
Furthermore, Bitcoin Gold was developed by a group of enthusiasts with diverse experience and talents. Hang Yin is also a co-founder and chief developer of Bitcoin Gold. He did, however, graduate from Fudan University in 2015 with a degree in computer science. In addition, his professional career began immediately after he graduated.
Now that we’ve established what Bitcoin Gold is, do you believe it will be a profitable cryptocurrency in 2021? Join us in this BTG price analysis and Bitcoin Gold price prediction as we look at the charts.
Current Market Situation for Bitcoin Gold
BTG is now trading at $32.13 with a 24-hour trading volume of $13,569,055 as of the time of writing this BTG price research. Furthermore, the price of BTG has fallen by 11.19% in the previous 24 hours. In addition, the current circulating supply of BTG is 17,513,924 BTG. Binance, OKEx, Huobi Global, Upbit, and HitBTC are currently the main cryptocurrency exchanges for BTG.
Let’s move on to the next section of this BTG technical analysis for 2022.
Bitcoin Gold Price Analysis
Currently, BTG ranks 86th on CoinGecko. The descending wedge structure may be seen in the daily frame chart above. Furthermore, this might be rapidly followed by a market breakout. Moreover, the descending wedges slope down and have a bullish tilt. Furthermore, this bullish bias cannot be assessed until a resistance breakout occurs. The descending wedge will slope down further as a continuation pattern. But, the slope will continue against the strong upward signal. The descending wedge is a reversal pattern that slopes down along with the dominating trend.
The Relative Strength Index (RSI) is over 38, indicating that BTG is virtually oversold. Keeping all of this in consideration, investors can stay alert and avoid surprise losses caused by the crypto market’s violent fluctuations.
Since the beginning of 2021, BTG’s price has undergone several positive movements that are greater than the preceding one. Furthermore, these are immediately followed by volatility, consolidation, and corrections. Taking this into account, BTG will face a competitive market in 2022.
Bitcoin Gold Price Prediction 2022
According to Bitcoin Gold price prediction and technical analysis, the BTG price will pass an average price level of $48.89 in 2022. The minimum price prediction is $47.14 before the end of the current year. Furthermore, BTG might reach a maximum price of $57.67.
Bitcoin Gold Price Prediction 2023
According to the Bitcoin Gold price prediction and technical analysis, the BTG price will reach an average price level of $71.72 in 2023. The minimum price prediction is $69.27 before the end of 2023. Furthermore, BTG might reach a maximum price of $82.36.
Bitcoin Gold Price Prediction 2025
According to the Bitcoin Gold price prediction and technical analysis, the BTG price will cross an average price level of $157.38 in 2025. The minimum price prediction is $152.27 by the end of 2025. Furthermore, BTG might reach a maximum price of $171.98.
Bitcoin Gold Price Prediction 2031
According to the Bitcoin Gold price prediction and technical analysis, the BTG price will cross an average price level of $1,495.56 in 2031. The minimum price prediction is $1,453.99 before the end of 2031. Furthermore, BTG has a maximum price level of $1,760.00.
In 2022, BTG has a promising future. With the current changes inside the BTG ecosystem and the larger crypto market, we may see BTG reach new heights.
The bullish BTG price forecast for 2022 is $48.89. It may even reach $57.67 if investors conclude that BTG, along with popular cryptocurrencies such as Bitcoin and Ethereum, is a suitable investment in 2022.