<em><strong>BTG technical analysis shows a channel breakout rally facing increased selling pressure at $26.5, resulting in a long-wick candle. </strong></em>

BTG shows a bullish reversal from the $22 mark breaking above the resistance trendline of the falling channel pattern. The bullish engulfing candle of 10% growth formed yesterday traced the gap within the bearish pattern and surpassed the 50 and 100-day EMAs. However, the bullish follow-through candle faces opposition at $26.5 despite breaking above the resistance trendline. So, will this bullish struggle lead to another breakout entry opportunity?
<h3>Key Points:</h3>
<ul>
 	<li>The BTG price trend faces intense selling pressure at $26.5.</li>
 	<li>The market price trades above the 50 and 100-day EMA.</li>
 	<li>The intraday <a href="https://www.cryptoknowmics.com/news/why-trading-volume-matters-in-crypto-investment/" target="_blank" rel="noopener">trading volume</a> in Bitcoin Gold is $59.44 million.</li>
</ul>
<img class="alignnone" src="https://s3.tradingview.com/snapshots/2/2cP0rtcj.png" alt="BTG/USD Price Chart" width="1834" height="899" />

Source - <a href="https://www.tradingview.com/x/2cP0rtcj/" target="_blank" rel="nofollow noopener">TradingView</a>
<h2>BTG Technical Analysis</h2>
The BTG prices remained trapped within a bearish trend in a falling channel pattern after facing opposition at the $36 mark. The bearish pattern accounts for a price drop of 38% before taking support at the $22.26 horizontal level.

However, the recent bullish engulfing candle with a 10% growth overnight beats the 50 and 100-day EMA to challenge the resistance trendline. Moreover, the follow-through candle exceeds the resistance trendline but faces opposition from the hoard of sellers at the $26.5 mark.

The increased selling pressure at $26.55 results in an early bearish reversal before reaching the 200-day EMA and a higher price rejection in the daily candle. Nonetheless, an uptrend continuation above the $26.5 mark will result in a price jump to the overhead assistance of $30.

However, a bearish reversal breaking below the 50-day EMA will result in a price jump to the $22.2 support level.
<h2>Technical Indicators</h2>
The MACD indicator generates a buying signal as the fast and slow lines give a bullish crossover resulting in a new bullish trend in histograms. Furthermore, the daily RSI slope exceeds the halfway line with the recent surge in buying activities.

Hence, the technical indicators maintain a bullish point of view for the upcoming trend in BTG prices.

Resistance levels - $26.55 and $30

Support levels - $22.2 and $20

BTG Technical Analysis: Channel Breakout Rally Struggles At $26.5

BTG technical analysis shows a channel breakout rally facing increased selling pressure at $26.5 resulting in a long-wick candle. 

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

BTG Technical Analysis: Channel Breakout Rally Struggles At $26.5

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