Bitcoin Gold Price Analysis: 16 November

[sneakyboi]

Bitcoin Gold Price Analysis: 16 November

Bitcoin Gold was trading within a range but had good buyer interest behind it.

Bitcoin Gold was trading within a rectangle pattern (white) under the resistance at $7.7. The OBV, over the past two weeks, has been rising, highlighting growing buy volume (orange) in the market.

This healthy buyer interest in the short-term could push the price upwards, past its resistance, leading to a breakout to the upside of the rectangle.

A close below $7.15 for BTG could take the price to the support at $6.74.


Source: BTG/USDT on TradingView

Learn more about the analysis here.

[yuanpaygroup]

Great post