<em><strong>The Bitcoin Gold (BTG) prices exceed the $20 mark as the demand increases overnight, teasing an uptrend continuation to the $30 mark.</strong></em>
<h3>Key Technical Points:</h3>
<ul>
 	<li>The BTG prices jumped by 24.65% in the last 24 hours.</li>
 	<li>The market value of Bitcoin Gold surpasses the 100-day SMA.</li>
 	<li>The 24-hour trading volume of Bitcoin Gold is $403 Million, indicating a drop of 10%.</li>
</ul>
<h3>Past Performance of BTG</h3>
As mentioned in our <a href="https://www.cryptoknowmics.com/news/btg-technical-analysis-overnight-growth-starts-bull-run" target="_blank" rel="noopener">previous article</a>, Bitcoin Gold (BTG) prices take a bullish reversal from $14.6 breaking the long-term bearish influence of a resistance trendline. The breakout rally exceeds the 50-day SMA and retests with a morning star pattern. However, the post-retest reversal helps the market value boost by 24% to reach the $24 mark.

<img src="https://s3.tradingview.com/snapshots/e/ewl7G5sR.png" alt="TradingView Chart" />

Source - <a href="https://www.tradingview.com/x/ewl7G5sR/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2>BTG Technical Analysis</h2>
The Bitcoin Gold(BTG) shows a bull run of 56% in the last ten days, from the $14.6 support to breaking the 100-day SMA and reaching the $24 mark. However, the prices face an increase in supply inflow resulting in a long-wick formation above the 100-day SMA

The RSI indicator reflects a phenomenal increase in the underlying bullishness as the RSI slope extends into the overbought territory. Furthermore, the 14-day SMA line crosses above the Halfway line, indicating a possibility of uptrend continuation.

Furthermore, the MACD indicator showcases an increase in the bullish spread between the fast and slow lines as they cross into positive territory. Additionally, the increasing intensity of the positive histograms reflects an increase in buying pressure. Hence, the technical indicator displays a possibility of price sustaining above the 100-day SMA.

In a nutshell, the BTG technical analysis showcase a high probability of an uptrend continuation to test the 200-day SMA.
<h2>Upcoming Trend</h2>
If the buying pressure continues, the prices of Bitcoin Gold (BTG) will skyrocket to exceed the $30 mark. However, if the long wick formation knocks the market value under the 100-day SMA, a downtrend continuation will test the $20 support level.

Resistance Levels: $25 and $30

Support Levels: $22 and $20

BTG Technical Analysis: Uptrend in Bitcoin Gold Seeks To Reclaim $30 

According to this technical analysis, the Bitcoin Gold (BTG) prices exceed the $20 mark, teasing an uptrend continuation to the $30 mark.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

BTG Technical Analysis: Uptrend in Bitcoin Gold Seeks To Reclaim $30

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