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Crypto Technicals: Bitcoin Gold holds above $10 mark, bears strongly in control

Thu, 12 Sep 2019, 06:27 am UTC

BTG/USD chart - Trading View

Exchange - Bitfinex

Support: 8.10 (Jan 28 low); Resistance: 11.555 (21-EMA)

Technical Analysis: Bias Bearish

BTG/USD was trading 1.48% lower on the day at 10.079 at 06:20 GMT, bias strongly bearish.

The pair has been on a downtrend since early July and we see no respite from the bears yet.

Oscillators are at oversold levels and bullish divergence on the daily charts raises scope for upside.

However, no major signs of reversal seen on the charts. 'Death Cross' to plummet prices further.

The pair holds above 10.00 mark. Break below finds little support till 8.10 (Jan 28th low).

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  • Bitcoin (BTC) $9,964.48 (-2.06%)
  • Ethereum (ETH) $212.20 (-3.32%)
  • XRP (XRP) $0.283700 (-3.96%)
  • Bitcoin Cash (BCH) $307.38 (-2.95%)
  • Litecoin (LTC) $72.20 (-3.92%)
  • Bitcoin (BTC) $9,964.48 (-2.06%)
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