<em><strong>The BTG price action shows a bullish reversal from $27, assembling a rounding bottom pattern with a neckline at $36. Will the reversal lead to a breakout?</strong></em>
<h3>Key Technical Points:</h3>
<ul>
 	<li>The Bitcoin Gold (BTG) price has increased by almost 15% in the last three days.</li>
 	<li>The bullish crossover of the 50 and 100-day SMA teases an uptrend continuation.</li>
 	<li>With a market cap of $554 million, the intraday trading volume of Bitcoin Gold has increased by 140% over the last 24 hours to reach $139 million.</li>
</ul>
<h3>Past Performance of BTG</h3>
The Bitcoin Gold (BTG) price trend shows the $26.5 breakout rally retesting the 200-day SMA after the supply inflow at $37. And as we mentioned in our <a href="https://www.cryptoknowmics.com/news/btg-technical-analysis-will-btg-rise-to-37-after-successful-retest" target="_blank" rel="noopener">previous article</a>, the retest rally gains bullish, resulting in a successful post-retest reversal. Moreover, the reversal rally forms three consecutive bullish candles representing an increase in trend momentum.

<img src="https://s3.tradingview.com/snapshots/b/bWi2cJQq.png" alt="TradingView Chart" />

Source - <a href="https://www.tradingview.com/x/bWi2cJQq/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2>BTG Technical Analysis</h2>
The 15% recovery offers the sidelined buyers to grab BTG as it gains bullish momentum. Moreover, the rounding bottom completion will account for a 12.55% jump, potentially reaching the $45 mark.

The recent pullback found practical support from breached 200-day SMA, bolstering the resumption of the recovery rally. Moreover, the 50 and 100-day SMA bullish crossover confirms uptrend continuation. The rising daily-RSI slope jumps above the 14-SMA shows the market participants feel optimistic about Bitcoin Gold.

Bullish momentum is weak despite a narrow spread between the fast and slow lines. Moreover, the MACD indicator, holding above the neutral line, suggests the buyers possess an upper hand.

In a nutshell, the BTG Technical Analysis projects an upcoming bullish trend as the demand for the token increases.
<h2>Upcoming Trend</h2>
If the BTG price action completes a rounding bottom with a jump to $37, a bullish breakout will fuel the uptrend to reach $45.

However, a bearish reversal will test the support level at the $30 mark.

Resistance Levels: $37 and $45

Support Levels: $30 and $26.5

BTG Technical Analysis: Reversal Rally Webs A Bullish Pattern

The BTG technical analysis shows a bullish reversal from $27, assembling a rounding bottom pattern with a neckline at $36.

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: Reversal Rally Webs A Bullish Pattern

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