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Bitcoin Gold Defies Gravity, But Price Rally Looks Weak
Bitcoin gold is well bid today, but chart analysis suggests the upturn in prices may be ephemeral.
Oleh Omkar Godbole
Bitcoin gold is defying gravity today, but analysis suggests the upturn in prices may be ephemeral.
The cryptocurrency, which was created via a hard fork of bitcoin in mid-November, topped out above $500 levels soon after launch, but since then has gradually been losing weight as the most unloved of the bitcoin clones.
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However, the world's seventh largest cryptocurrency by market value bounced up to $288.68 early this morning (as per UTC) before falling back to $240 levels, according to CoinMarketCap. Currently, BTG is holding well above the yesterday's low below $200 ($253 at press time), and has appreciated by 9 percent over 24 hours.
Even so, the price chart analysis indicates the strong bid tone seen today could be short-lived.
4-hour chart
Despite the bullish price-relative strength index (RSI) divergence and bullish price-stochastic divergence (marked by dotted lines), BTG is still stuck inside the falling channel. Thus, the odds are high that the cryptocurrency will resume its downtrend in the next 12–24 hours.
Daily chart
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- BTG is looking likely to fall below today's low of $219 and extend losses to $150 (Nov. 20 low).
- Only a close (as per UTC) above the falling channel resistance would confirm a bearish-to-bullish trend change and yield a sustained rally to possibly $330–340 levels.
Chinese gold decoration image via Shutterstock
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Yang perlu diketahui:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Bitcoin Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere
Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.
Yang perlu diketahui:
- Impending BOJ rate hike largely priced in; Japanese bond yields near multi-decade highs.
- Speculators maintain net bullish positions in the yen, limiting scope for sudden yen strength.
- BOJ tightening may contribute to sustained upward pressure on global yields, impacting risk sentiment.
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