Key takeaways:
- The Bitcoin Gold price prediction anticipates a high of $34.21 by the end of 2024.
- In 2027, BTG will range between $93.00 and $110.36, with an average price of $110.26.
- In 2030, BTG will range between $163.06 and $180.36, with an average price of $173.07.
Bitcoin Gold (BTG) emerged from a Bitcoin fork in 2017, aiming to decentralize mining using an algorithm resistant to ASICs, which dominate Bitcoin mining. This approach was designed to level the playing field by allowing more users to participate in the mining process with commonplace hardware. As a “friendly fork,” Bitcoin Gold retained Bitcoin’s transaction history until the fork but diverged thereafter, introducing unique blockchain traits. This background sets the stage for exploring Bitcoin Gold’s market dynamics and price predictions.
Overview
| Cryptocurrency | Bitcoin Gold |
| Ticker | BTG |
| Current price | $23.18 |
| Market cap | $421,746,912 |
| Trading volume | $3,477,874 |
| Circulating supply | 17,513,924 |
| All-time high | $539.72 Oct 23, 2017 |
| All-time low | $2.54 Nov 23, 2020 |
| 24-hour high | $24.25 |
| 24-hour low | $23.10 |
Bitcoin Gold price prediction: Technical analysis
| Metric | Value |
| Volatility (30-day variation) | 7.68% |
| 50-day SMA | $ 24.16 |
| 200-day SMA | $ 31.72 |
| Sentiment | Neutral |
| Fear and Greed Index | 56 (Greed) |
| Green days | 15/30 (50%) |
Bitcoin Gold price analysis: BTG starts to exhibit bearish traits at $23.18
TL;DR Breakdown
- BTG is bearish today.
- The resistance and support for BTG are at $24.25,23.10 respectively.
The Bitcoin Gold price analysis for August 26 shows that the coin has experienced a steady decline in its price. After initially trading just below $24.00, the price faced continuous selling pressure, leading to a gradual downward trend. The price dropped from around $23.99 to a low of $23.18, reflecting a clear bearish sentiment in the market. The decline was consistent, with brief pauses in the downward movement, but ultimately, the price continued to fall, indicating strong selling activity and a lack of buying support to reverse the trend.
BTG/USD 1-day chart: Bitcoin Gold faces steady decline, drops below $24 as selling pressure intensifies
The daily Bitcoin Gold price analysis shows a clear downtrend in its price over the past several months. Recently, the price has dropped to $23.18, down by 3.78% in the latest trading session.Thetoken indicates that the price has been struggling to maintain upward momentum, with consistent declines after any attempts at recovery. This downward movement suggests that selling pressure has been dominant, keeping the price suppressed within a lower range.
The RSI is currently at 53.36, which is in the neutral level, indicating that BTG is neither overbought nor oversold. The MACD (Moving Average Convergence Divergence) is also showing a mixed signal, with the MACD line at 0.13 and the signal line at 0.29, reflecting weak bullish momentum that could easily shift to bearish. The histogram shows minimal positive bars, indicating that any bullish strength is tentative and could dissipate if selling pressure increases.
Bitcoin Gold 4-hour chart: Bears in control
On the 4-hour chart, BTG price analysis shows that price has been facing strong bearish momentum for the past 24-hours. The bears have made a strong case for the downward trend by pushing the price towards the key support level at $23.10. BTG is currently in bearish market sentiment and is likely to remain in the downtrend for some time.
The MACD shows a bearish signal, with the MACD line at -0.15 below the signal line at 0.14, indicating that the downward trend may continue. The histogram’s negative bars further confirm the weakening momentum, signaling that sellers are currently dominating the market.The RSI’s downward trajectory suggests increasing bearish momentum.
Bitcoin Gold technical analysis: Levels and action
Daily simple moving average (SMA)
| Period | Value ($) | Action |
| SMA 3 | 22.66 | BUY |
| SMA 5 | 22.79 | BUY |
| SMA 10 | 22.62 | BUY |
| SMA 21 | 22.84 | BUY |
| SMA 50 | 24.16 | BUY |
| SMA 100 | 26.90 | SELL |
| SMA 200 | 31.72 | SELL |
Daily exponential moving average (EMA)
| Period | Value ($) | Action |
| EMA 3 | 22.53 | BUY |
| EMA 5 | 22.49 | BUY |
| EMA 10 | 22.58 | BUY |
| EMA 21 | 23.08 | BUY |
| EMA 50 | 24.37 | SELL |
| EMA 100 | 26.57 | SELL |
| EMA 200 | 27.61 | SELL |
Bitcoin Gold price analysis conclusion
Bitcoin Gold (BTG) has been experiencing a consistent downward trend in recent trading sessions, with the price gradually falling from earlier highs. Currently trading at $23.18, the asset has faced continuous selling pressure, leading to a steady decline from its earlier peak of $23.99. This pattern suggests that the market sentiment is bearish, with sellers maintaining control and pushing the price lower. The lack of a strong recovery indicates that the downward momentum may continue in the near term, as buyers struggle to gain traction.
Is Bitcoin Gold a good investment?
Bitcoin Gold (BTG) offers a solid technical foundation and innovative features, making it a reliable choice for those seeking stability in the crypto market. However, its lack of dramatic price movements compared to other cryptocurrencies means it may not have the same “mooning” potential. The success of Bitcoin Gold as an investment largely depends on its ability to expand its use cases and the overall performance of the crypto market. While it can be profitable, it’s important to conduct thorough research and be cautious, as even established cryptocurrencies can suffer in bear markets. Investors should only invest what they can afford to lose, keeping in mind the inherent risks in the volatile crypto market.
Will BTG recover?
The Bitcoin Gold (BTG) displays short-term volatility, with noticeable fluctuations throughout the day. This pattern suggests some market uncertainty, but predicting a recovery solely based on these movements is difficult. The potential for BTG to recover will depend on broader market trends, the adoption of its technology, and overall investor confidence.
Will BTG reach $50?
Reaching $50 would likely require a significant positive shift in market conditions, increased adoption of BTG’s technology, and strong investor interest.
Will BTG reach $100?
It is uncertain whether Bitcoin Gold (BTG) will reach $100, as this would require a significant shift in market conditions, increased adoption, and strong investor demand.
Will BTG reach $1000?
Reaching $1,000 for Bitcoin Gold (BTG) is highly speculative and would require an extraordinary set of circumstances.
Does BTG have a good long-term future?
Bitcoin Gold (BTG) has potential for a long-term future, but its success will depend on several key factors. BTG was created with the goal of decentralizing mining by making it accessible to a broader range of participants, which remains an appealing feature. Its commitment to decentralization and security could position it well in the evolving cryptocurrency landscape. However, its long-term future will largely depend on continued development, community support, adoption, and its ability to differentiate itself from other cryptocurrencies, particularly Bitcoin.
Recent news/opinion on Bitcoin Gold
- Bitcoingold.org compromised; the team re-establishes services on Btgofficial.org.
Bitcoin Gold price prediction August 2024
The price of Bitcoin Gold in August is predicted to reach a minimum value of $23.81, a maximum value of $34.21, and an average trading price of $28.43.
| Month | Potential low ($) | Potential average ($) | Potential high ($) |
| August | 23.81 | 28.43 | 34.21 |
Bitcoin Gold price prediction 2024
Bitcoin Gold is predicted to reach an average price level of $51.95 in 2024. Meanwhile, Bitcoin Gold is expected to reach a minimum price of $21.72 and a maximum price of $53.03.
| Year | Potential low ($) | Potential average ($) | Potential high ($) |
| 2024 | 21.72 | 51.95 | 53.03 |
Bitcoin Gold price predictions 2025-2030
| Year | Minimum | Average | Maximum |
| 2025 | $51.86 | $59.85 | $61.74 |
| 2026 | $71.15 | $77.77 | $87.14 |
| 2027 | $93.00 | $101.26 | $110.36 |
| 2028 | $93.00 | $101.26 | $110.36 |
| 2029 | $114.81 | $127.64 | $131.74 |
| 2030 | $163.06 | $173.07 | $180.36 |
Bitcoin Gold price prediction 2025
The price of Bitcoin Gold is predicted to reach a minimum value of $51.86 in 2025. Investors and traders can expect a maximum value of $61.74 and an average trading price of $59.85.
Bitcoin Gold price prediction 2026
In 2026, the price of Bitcoin Gold is forecasted to trade around a minimum value of $71.15, a maximum price of $87.14 and an average value of $77.77.
Bitcoin Gold price prediction 2027
Per the Bitcoin Gold price prediction for 2027, we expect BTG to reach a maximum trading price of $110.36, a minimum price of $93.00, and an average price of $101.26.
Bitcoin Gold price prediction 2028
In 2028, the price of Bitcoin is expected to trade at a minimum price value of $93.00, a maximum price value of $110.36, and an average value of $101.26
Bitcoin Gold price prediction 2029
According to the Bitcoin Gold price prediction for 2029, BTG will trade at a maximum price of $131.74 and an average price of $127.64. Traders can expect Bitcoin Gold to have a minimum price of $114.81.
Bitcoin Gold price prediction 2030
Based on the Bitcoin Gold price prediction for 2030, BTG will have a maximum market value of $180.36 and a minimum price of $163.06. Investors could also expect an average price of $173.07.
Bitcoin Gold market price prediction: Analysts’ BTG price forecast
| Firm | 2024 | 2025 |
| Digitalcoinprice | $52.23 | $86.21 |
| Changelly | $42.12 | $72.90 |
| Gate.io | $54.53 | $88.36 |
Bitcoin Gold price predictions by Cryptopolitan
Our predictions show that Bitcoin Gold will reach a maximum price of $53.03 in 2024. In 2025, BTG price will range between $51.86 and $61.74. In 2030, BTG will range between $163.06 and $180.36, with an average price of $173.07.
Bitcoin Gold historic price sentiment
- From historical data, Bitcoin Gold (BTG) coin price was initially valued at over $500, and it hit an all-time high (ATH) of $539.72 on 23 October 2017. However, the price fell rapidly below $200 in a short period but hit another high of $509 on 11 November 2017.
- Bitcoin Gold spent the remainder of 2017 trying to retrace the $500 mark. The price retracement continued in the first few days of 2018, but the market eventually lost its momentum at around $158 at the end of January 2018.
- In March 2018, BTG’s value fell below the $100 mark, and the bearish movement spanned the whole of the year 2019.
- On 3 January 2020, Bitcoin Gold plummeted to a new minimum price of $5.02 and attained an all-time low of $4.25 in March 2020.
- The significant price dips experienced between 2018 to 2020 could be attributed to repeated malware attacks on the coin’s ecosystem. At the start of the year 2021, the price of Bitcoin Gold (BTG) hovered around the $8 mark. In the middle of February, the dynamics favored Bitcoin Gold, and its price showed signs of massive recovery by rising to $168.19 in May and closing the year at about $40.
- BTG reached $44 in March 2022 but soon spiraled downward to about $12 by December 2022.
- Bitcoin Gold kicked off in 2023 with a bear market, jumped to about $20 in February, dipped to about $14 in July, and finished 2023 at $21.5.
- Bitcoin Gold started 2024 at $21.56, and at the time of writing, the coin is trading at $43, having passed $68 in early March 2024.
- As of August 2024, the Bitcoin Gold price is ranging between $23.43 and $25, showing some stability but without significant upward trend.
