Bitcoin Gold Price Weekly Analysis – BTG/USD Facing 100 SMA

Key PointsBitcoin gold price formed a low at $143.92 and started a recovery against the US Dollar.
There is a key bearish trend line forming with resistance at $240 on the 4-hours chart of BTG/USD (data feed from Bitfinex).
The pair has to break the $240 resistance and the 100 simple moving average (4-hours) to gain momentum.Bitcoin gold price is recovering above the $200 level against the US Dollar. BTG/USD now has to clear strong sell offers near the $240 and $250 resistance levels.
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