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.
(https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2020/11/16111751/PA-1-BTGUSDT.png)
Source: BTG/USDT on TradingView
Learn more about the analysis here. (https://eng.ambcrypto.com/stellar-lumens-bitcoin-gold-ftx-token-price-analysis-16-november/)