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bitcoin Gold (BTG) is easing its glory days, trading with a bullish bias. It comes after a 20% drop from monthly highs of $14.98 recorded on October 3. The token is a hard fork of bitcoin (btc), along with bitcoin Cash (BCH), bitcoin SV (BSV), Litecoin (LTC). ), and others.
DID YOU KNOW… $btc has babies…
branched… and conceived these crypto babies: the real family
bitcoin cash $BCH
bitcoin SV $BSV
bitcoin gold $BTG
bitcoin diamond $BCD
Litecoin $LTC
coinname $NMC
Dash $DASH
Zcash $ZEC
Vertcoin $VTC
pen coin $FTC
Dogecoin…— Lisa N Edwards (@LisaNEdwards) October 17, 2023
Therefore, it benefits from the spillovers of the current hype in the ecosystem of the king of cryptocurrencies, as the market anticipates a green light from the US Securities and Exchange Commission (SEC) regarding exchange-traded funds. spot btc exchange-traded ETF (ETF).
Super bullish on #BitcoinETF bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin $ GOLD @GoldCoinETH pic.twitter.com/emYh4UQh26
— Mrs. CashOG (@MrsCashOG) October 16, 2023
With this, BTG is 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.
The 5 best #trends crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto
#RedAnimal :$0.3235 #LOOM
#Great time :$0.2339 #BIGTIME
bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin :$28,521.72 btc?src=hash&ref_src=twsrc%5Etfw”>#btc
#solarium :$24.11 #SUN
#BitcoinGold :$13.67 #BTG #nft nft?src=hash&ref_src=twsrc%5Etfw”>#nft #SaramiMahua pic.twitter.com/371vwEaoJ2— Mr. crypto Giants (@CryptoGiants_) October 16, 2023
Meanwhile, the altcoin stands almost 20% above its October 13 low of $11.77, with a sustained uptrend characterized by four successive green candles. At the time of writing, the token is valued at $13.55, with prospects for further gains due to bullish technicals.
bitcoin Gold Price Prediction with BTG Relieving Its Glory Days
bitcoin Gold could post further gains after the 20% surge considering the Relative Strength Index (RSI) is showing strong price strength. Its position above the 50 level solidifies the bullish case as it means that the bulls are leading the market. The Awesome Oscillator (AO) histogram bars are also green, strengthening the case for the bulls.
Further buying pressure above current levels could push bitcoin Gold price above the immediate roadblock at the psychological level of $14.00. A breakout and close above this level could see BTG mark the 50% Fibonacci retracement at $14.78. A sustained move above this level would send bitcoin fork past the psychological level of $16.00. The next logical target would be a retracement of the 78% psychological level at $17.50.
Conversely, a rejection of the $14.00 psychological level could send bitcoin Gold price lower. In particular, the RSI history shows that the 60 level was as high as momentum would reach. If history repeats itself, then the upside potential of the btc fork could run out in the near term.
If bitcoin Gold moves lower, the next sensible target would be a 23.6% Fibonacci retracement to $12.28. In the most serious case, the fall would extend to the minimum price of $10.04. Such a measure would constitute a 25% drop from current levels.
Instead of looking at bitcoin forks, why not get the real btc? There is an easy way to become a bitcoin owner besides the traditional, expensive and labor-intensive way. All you have to do is buy BTCMTX. According to experts, the project has enormous potential. They anticipate a notable return on investment.
bitcoin Gold Alternative
bitcoin Minetrix is a new mine staking project that offers willing investors the opportunity to own btc. To do so, investors must purchase and stake the token that powers the project, BTCMTX, and earn credits in return. The credits can then be redeemed for cloud mining hash power.
Exploring the mining process $btc with #BitcoinMinetrix! #cloud mining opens a direct path to crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto:
Easy entry for beginners.
Cost effective without hardware expenses
Don’t worry about space, noise or overheating
Simple updates pic.twitter.com/unhHqpWHw2—Bitcoinminetrix (@bitcoinminetrix) October 16, 2023
The project has tokenized the entire process, allowing token holders to have full control. Specifically, it has eliminated third parties and, with it, the risk of fraud. Additionally, it has eliminated the need to purchase expensive hardware, space, and the need to endure all the noise. Amid growing global concerns over energy consumption, bitcoin mining is moving towards renewable sources.
#BTCMTX offers a reliable cloud mining solution for everyone.
In the past, concerns about expensive hardware and fraud in cloud mining deterred many people from participating.
This decentralized strategy guarantees a transparent and secure mining journey. pic.twitter.com/gQddNUPpnk
—Bitcoinminetrix (@bitcoinminetrix) October 17, 2023
Investors purchase BTCMTX using a bank card, the stablecoin ethereum (eth) or Tether (USDT). The token remains affordable, with a standard rate of $0.0111 per BTCMTX token. However, this rate may not hold for long as there are only twelve days left before the price rises. Meanwhile, pre-sales are going well, with more than $1.643 million already on the market. This is more than 50% of the goal of $3.094 billion.
Witness #BitcoinMinetrix achieving another notable milestone!
More than $1,600,000 raised! pic.twitter.com/yyrHTMRQz2
—Bitcoinminetrix (@bitcoinminetrix) October 17, 2023
It should be noted that the project is in the second pre-sale stage after successfully completing the first stage with all tokens sold out. Buy BTCMTX today through the bitcoin Minetrix website which has a very easy to use dashboard. No technical training or experience is required to understand or operate it.
Presenting the #BitcoinMinetrix Mine Stake Dashboard!
Ensure easy handling of $BTCMTX and mining credits, all within one easy-to-use platform. bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin Minetrix control panel. pic.twitter.com/yLVU500P6h
—Bitcoinminetrix (@bitcoinminetrix) October 15, 2023
Read also
- Audited by Coinsult
- Secure and decentralized cloud mining
- Earn free bitcoin daily
- Native Token on Pre-Sale Now – BTCMTX
- Staking Rewards: Over 1000% APY
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