While Bitcoin Gold Relives Its Glory Days, Bitcoin Minetrix Aims to Create Its Own Legacy

Post By Cryptocurrency

Join Our Telegram channel to stay up to date on breaking news coverage

Bitcoin Gold (BTG) is relieving its glory days, trading with a bullish bias. It comes after a 20% slump from the monthly highs of $14.98 recorded on October 3. The token is a hard fork of Bitcoin (BTC), standing alongside the likes of Bitcoin Cash (BCH), Bitcoin SV (BSV), Litecoin (LTC), and others.

It, therefore, benefits from the overflows of the ongoing hype in the king of crypto’s ecosystem, as the market anticipates a green light from the US Securities and Exchange Commission (SEC) regarding spot BTC exchange-traded funds (ETF).

With this, BTG features among the top five trending coins today as traders look to capitalize on the “rally by association.” Notably, Bitcoin forks tend to rally whenever the big crypto is trending.

Meanwhile, the altcoin stands almost 20% above its October 13 low of $11.77, boasting a sustained uptrend characterized by four successive green candlesticks. At the time of writing, the token’s value is $13.55, with prospects for more gains because of the optimistic technicals.

Bitcoin Gold Price Prediction With BTG Relieving Its Glory Days

Bitcoin Gold could record more gains after the 20% boost, considering the Relative Strength Index (RSI) shows strong price strength. Its position above the 50 level solidifies the case to the upside, as it signifies bulls are leading the market. The histogram bars of the Awesome Oscillator (AO) are also green, bolstering the case for the bulls.

Increased buying pressure above current levels could see Bitcoin Gold’s price clear the immediate barricade at the $14.00 psychological level. A break and close above this level could see BTG tag the 50% Fibonacci retracement at $14.78. A sustained move above this level would send the Bitcoin fork past the $16.00 psychological level. The next logical target would be a retracement of the 78% psychological level at $17.50.

TradingView: BTG/USDT 1-day chart

Conversely, a rejection from the $14.00 psychological level could send the Bitcoin Gold price south. Notably, the history of the RSI shows that the 60 level was just as high as momentum would go. If history repeats, then the upside potential for the BTC fork could be exhausted for the short term.

If Bitcoin Gold moves south, the next sensible target would be a retracement of the 23.6% Fibonacci at $12.28. In the dire case, the slump would extend to the floor price of $10.04. Such a move would constitute a 25% drop from current levels.

Instead of looking to the Bitcoin forks, why not get the actual BTC? There is an easy way to become a Bitcoin owner other than the traditional, expensive and labor-intensive way. All you have to do is buy BTCMTX.  According to experts, the project has huge potential. They anticipate remarkable ROI.

Bitcoin Gold Alternative

Bitcoin Minetrix is a new stake-to-mine project offering willing investors a chance to own BTC. To do so, investors must buy and stake the project’s powering token, BTCMTX, and earn credits in return. The credits can then be redeemed for cloud mining hash power.

The project has tokenized the entire process, which enables token holders to have full control. Specifically, it has eliminated third parties and, with this, the risk of fraud. Further, it has eliminated the need to buy expensive hardware, floor space, and the need to endure all the noise. Amid rising global concerns over energy consumption, Bitcoin mining is making strides toward renewable sources.

Investors buy BTCMTX using a bank card, Ethereum (ETH), or Tether (USDT) stablecoin. The token is still affordable, with a standard rate of $0.0111 per BTCMTX token. However, this rate may not stand too long, with only twelve days left before the price goes up. Meanwhile, the presale is going well, with upwards of $1.643 million already in the bag. This is more than 50% of the $3.094 million target.

Notably, the project is in the second stage of the presale after successfully completing the first stage with all the tokens sold out. Buy BTCMTX today through Bitcoin Minetrix’s website, which has a very easy-to-use dashboard. No technical training or expertise is required to understand or operate.

Also Read

New Crypto Mining Platform – Bitcoin Minetrix

Bitcoin Minetrix
  • Audited By Coinsult
  • Decentralized, Secure Cloud Mining
  • Earn Free Bitcoin Daily
  • Native Token On Presale Now – BTCMTX
  • Staking Rewards – Over 1,000% APY

Bitcoin Minetrix


Join Our Telegram channel to stay up to date on breaking news coverage



Source link

#Bitcoin #Gold #Relives #Glory #Days #Bitcoin #Minetrix #Aims #Create #Legacy