Based on the last 72 hours of watching the market closely, post pump:
Bots are currently accumulating/holding at 3 million sats, after a forceful wind down from the top resistance-heavy line at around 4.6-4.7 million sats. Someone began dumping heavily enough to overpower strong upward momentum for a while, until there started to be less resistance and the price started to fall faster. The bots suppressed price to 3.7 million sat area and held it for awhile, then began another wind down.
They heavily suppress if support begins to increase price, and they prop up the price after price dips below_____ mil. They may be laddering their dump based on what support exists, or testing resistance lines before committing to another wind down push.
This kind of sell pressure just makes buyers/traders eventually sit on the sidelines and wait out the slump. I see the bots switch tactics and go in to "bait formation", where they will stack up the buy orders, but reduce sell orders, and then wait to see what kind of buy action there is (hard to see natural action when your bots are going nuts on both sides/wash trading). When they do this, there is a noticeable pause in the action, and then you can see the real pace of things. People are buying, but they are obviously nervous, due to all the heavy suppression/bot action.
What I expect to happen:
BTG is still new and has not "broken out" yet. There is a big market for a Bitcoin that can be mined by home GPU systems. That will be big in the future, for sure, as more and more small fry GPU/gaming system miners enter the market to try and get their "coinz" in the bag.
Eventually (probably sooner than we think), the larger players will have a hard time pushing things around as coins distribute more, and more money enters the crypto-sphere. It is happening fast, from what I can see on the charts. Weeeeee!
Bitcoin Gold should benefit greatly from the brand-name relation, in combination with the GPU/little guy aspect going for it. That will secure its own little niche crowd, which will grow with crypto/Bitcoin. Any hype, or side/hardware economies that develop around it will just add to that.
It is also paired with USDT, which will of course dump in to whatever markets it can be dumped in to when the Tether B.S. finally blows up in everyone's faces. That should be a fun spike.
See y'all on the moon.
