- Bullish BTG price prediction ranges from $28.89 to $59.24.
- BTG price might also reach $60 this 2022.
- BTG’s bearish market price prediction for 2022 is $13.71.
Bitcoin Gold is an open-sourced blockchain project that supports peer-to-peer transactions. Its native coin is called BTG.
Bitcoin Gold investors are bullish on the token since it has had a return on investment (ROI) of over nine times in the past two years. The crypto bubble of late 2017 led to an increase in the price of BTG to its present all-time high (ATH) of $539.72, attained in October 2017. Irrespective of the recent crypto winter, BTG investors are confident that the future of BTG is bullish. However, it has not broken its previous psychological resistance level after attaining this price in 2017.
If you are interested in the future of Bitcoin Gold (BTG) and want to know the price analysis and price prediction of BTG for 2022, 2023, 2024, 2025, 2026, and up to 2030, keep reading this CoinEdition article.
What is Bitcoin Gold (BTG)?
Bitcoin Gold (BTG) is an open-sourced blockchain project with the same infrastructure as Bitcoin. It was hard forked from Bitcoin (BTC) in October 2017. It is used for peer-to-peer payments and has Hang Yin as a lead developer. Some of its co-founders include Martin Kuvandzhiev, Franco Niebles and others.
Unlike Bitcoin, which is mined with application-specific integrated circuit (ASIC) mines, Bitcoin Gold (BTG) can be mined with a graphic processing unit (GPU). This is possible due to the programming languages it uses, which are C++ and Qt.
The latest version of the code used on Bitcoin Gold (BTG) mines was released in August 2020. This has made the mines affordable, cheap, and faster. Presently, BTG has higher scalability of 27 transactions per second (TPS) which is more than five times that of Bitcoin (BTC), which is 5 TPS. The cost of transactions within the Bitcoin Gold network is 0.00015 BTG, equal to $0.0038 at the time of writing.
Some top pools for mining Bitcoin Gold (BTG) are Zhash, Coinotron, Coinfoundry, Hash City, Ice Mining, Mining Pool Hub and others. It uses Equihash 144.5 or Zhash, which employs more memory than ASIC miners though it functions effectively on graph cards.
Bitcoin Gold (BTG) Current Market Status
The maximum supply of BTG is 21 million BTG, while its circulating supply is 17,513,924 BTG, according to CoinMarketCap. At the time of writing, BTG is trading for $25.65, representing 24 hours increase of 14.78%. The trading volume of BTG in the past 24 hours is $61.4 million, representing an 1174% increase.
Some top cryptocurrency exchanges for trading Bitcoin Gold (BTG) are Binance, Huobi Global, Gate.io, Bitfinex, and others.
Now that you know what Bitcoin Gold is and its current market status, we shall discuss the price analysis of Bitcoin Gold (BTG) for 2022.
Bitcoin Gold (BTG) Price Analysis 2022
Currently, Bitcoin Gold is ranked in the 80th position on CoinMarketCap. Will developments and upgrades within the Bitcoin Gold community lead to rising in the price of Bitcoin Gold (BTG)? We shall see in this CoinEdition price analysis 2022 article.
Bitcoin Gold (BTG) Price Analysis – Keltner Channel
Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Bitcoin Gold (BTG), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the top. Also, since the last candlestick is bullish, the present increase in the price of BTG might be sustained before any reversal would be expected.
Bitcoin Gold (BTG) Price Analysis – Relative Strength Index
The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Bitcoin Gold (BTG) 1day chart of BTG/USDT is at 53.43. This shows that BTG is showing a neutral trend between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.
Bitcoin Gold (BTG) Price Analysis – Moving Averages
The chart above shows the 1Day chart of BTG 200-day and 100-day Moving Average (MA). BTG is on a bullish trend, as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce that the price is bullish for long-term hodlers.
Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of Bitcoin Gold (BTG) might experience a significant rise or fall in the future.
Bitcoin Gold (BTG) Price Prediction 2022
Looking at the daily chart of BTG/USDT, BTG price was swinging from $34.08 resistance2 to $28.89 resistance1 after touching the support levels of $22.90 and $18.77. It reversed from the support level of $22.90 and now going sideways in the market and is expected to be bullish in the coming weeks.
Meanwhile, our long-term BTG price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect BTG to reach $60 in 2022.
Bitcoin Gold (BTG) Price Prediction-Resistance and Support Levels
This bullish chart shows that the price of BTG has increased by 2.3% in the past 14 days. If this price decrease reverses, BTG could break the $28.89 resistance1 level, move higher to $59.24 at the resistance6 level, and even higher, the bullish signal for 2022.
However, if sellers have their way, the price of BTG might be dethroned from its present uptrend position. In simpler terms, BTG might trend below the $13.71 support3 level and even lower in 2022, a bearish signal.
Bitcoin Gold (BTG) Price Prediction 2023
Bitcoin Gold (BTG) could end the year 2022 with a relative strength index (RSI) value of more than 62. This shows that the trend is solid and bullish. It will trade above $59.24 by the end of 2022. Hence, we could expect the price of BTG to surge to at least $80 by the end of 2023 since more merchants could integrate BTG Pay into their payment systems.
Bitcoin Gold (BTG) Price Prediction 2024
There will be Bitcoin halving in 2024. Hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect BTG to trade at a price not below $100 by the end of 2014.
Bitcoin Gold (BTG) Price Prediction 2025
We should expect the price of BTG to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving over the previous year. Hence, BTG could end 2025 by trading at around $120.
Bitcoin Gold (BTG) Price Prediction 2026
Since the maximum supply of BTG is approached by 2026, the bearish market that follows a solid bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the cost of BTG could break the usual trend and trade at $150 by the end of 2026.
Bitcoin Gold (BTG) Price Prediction 2027
Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of BTG could consolidate on the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Therefore, BTG could trade at $200 by the end of 2027.
Bitcoin Gold (BTG) Price Prediction 2028
In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. Bitcoin Gold (BTG) could hit $400 by the end of 2028.
Bitcoin Gold (BTG) Price Prediction 2029
By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing some lessons learnt to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of BTG to $600 by the end of 2029.
Bitcoin Gold (BTG) Price Prediction 2030
The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose the future gains in the price of their assets. We could expect the price of Bitcoin Gold (BTG) to trade at around $800 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.
Conclusion
As said above, BTG might reach $59.24 in 2022 and $800 by 2030 if investors have decided that BTG is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
BTG is the native coin of the Bitcoin Gold blockchain. It is used in the payment of transaction fees within the blockchain.
Like other cryptocurrencies, Bitcoin Gold (BTG) can be traded in cryptocurrency exchanges like Binance, Huobi Global, Gate.io, and others.
BTG has a low possibility of surpassing its present all-time high (ATH) price of $539.72 in 2022.
It was launched in 2017.
Bitcoin Gold (BTG) price is expected to reach $80 by 2023.
Bitcoin Gold (BTG) price is expected to reach $100 by 2024.
The price of Bitcoin Gold (BTG) is expected to reach $120 by 2025.
The price of Bitcoin Gold (BTG) is expected to reach $150 by 2026.
The price of Bitcoin Gold (BTG) is expected to reach $200 by 2027.
The price of Bitcoin Gold (BTG) is expected to reach $400 by 2028.
The price of Bitcoin Gold (BTG) is expected to reach $600 by 2029.
Bitcoin Gold (BTG) price is expected to reach $800 by 2030.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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