Bitcoin Gold Price Prediction: Correction on the way?

London (Nov 28)  Bitcoin Gold has seen a rally that led it to a record high of $413.74 on the 24th of November. It also has doubled in price since the 19th of November. In spite of this success, the Bitcoin Gold now Is facing a lot of skepticism from the investors’ community. Specifically, some of the experts question the real role of the cryptocurrency.

Some of the comments on the social media have been highlighting that Bitcoin Gold might be overpriced. In fact, the price action analysis of Bitcoin Gold suggests that there is a correction on the way. As of now, Bitcoin Gold price stands at $353.02.

Bitcoin Gold Price Prediction

Bitcoin Gold price has failed to break through the resistance level at around $360, thus breaking the rising trend line. Market experts see such move as an exhaustion of the cryptocurrency, suggesting the potential drop to $250 levels in the short run.

Yet, a break above $400 could fuel a rally to new record highs above $480 levels.

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