Bitget token ( BGB)Bgb usdt Daily analysis
Time frame 4hours
BgB is bitget exchange token
OT has unbelievable growth before yesterday
7days 81%
30days 366%
90 days 623%
YTD 1164%
Today, this growth stopped ✋️ and fell down 10%
I think we have two price to enter 7.3$ and 6$
But here is a problem
If you want to buy this token , only bitget , bitfinix and mexc exchanges are seller , not famous exchanges like Binance and kraken and...
This problem when you want to trade bgb will be a big problem.
So you have to be careful.👌👌
BGBUSDT
BGB Token Rockets 30% Amidst Massive 800M Token Burn PlanBitget’s NYSE:BGB token has captured the spotlight in the crypto world, surging over 20% following the announcement of an 800 million token burn. This development, coupled with the release of a new white paper, has positioned NYSE:BGB as a token to watch in the evolving crypto landscape.
1. The 800M Token Burn Plan
Bitget’s new white paper reveals an ambitious plan to burn 800 million NYSE:BGB tokens held by the core team. This move represents the destruction of nearly 40% of the token’s total supply, reducing the circulating supply from 2 billion to 1.2 billion. Such a drastic reduction in supply is expected to generate a significant bullish impact by adhering to the economic principle of supply and demand. The total value of the tokens set to be burned exceeds $5 billion.
Additionally, Bitget has committed to repurchasing and burning tokens equivalent to 20% of its quarterly profits from its exchange and wallet businesses starting in 2025. This proactive approach is aimed at bolstering BGB’s long-term tokenomics.
2. Strategic Ecosystem Developments
The white paper also introduces a merger of Bitget Wallet Token (BWB) with BGB, aimed at streamlining the ecosystem. This move not only simplifies the platform’s token structure but also fosters a unified community, further enhancing the utility and adoption of BGB.
3. Utility and Use Cases
BGB is Bitget’s native utility token, launched in July 2021. Its use cases include staking, social trading, profit sharing, and discounts on trading fees. BGB holders can also participate in platform initiatives like launchpads and launchpools, adding to its appeal among active traders.
Technical Analysis
At the time of writing, NYSE:BGB is trading at $8.359, up 15.15% on the day, with an intraday high of $8.49. This bullish trajectory aligns with the market’s positive reception to the token burn announcement and other ecosystem updates.
Despite the euphoria, technical indicators suggest caution. The Relative Strength Index (RSI) is at 85, signaling an overbought condition. Traders are advised to wait for a confirmation trend above the one-month high before entering long positions. A pullback could test the 38.2% Fibonacci retracement level, which may act as a clearing field or shake out weaker hands before a potential rebound.
Bullish Continuation Potential
The current candlestick formation indicates a potential bullish continuation, but confirmation through a breakout pattern is crucial. If the breakout materializes, NYSE:BGB could target new resistance levels, making it a promising asset for short-term and long-term gains.
Market Performance
BGB’s 24-hour trading volume stands at $780,650,069, with a live market cap of $11.59 billion, ranking it #16 on CoinMarketCap. The token’s significant liquidity and trading activity highlight its growing adoption and market interest.
Price Comparisons
BGB’s price increase of over 30% in the last 24 hours has defied broader market trends, outperforming other top tokens. This resilience underscores its potential as a standout performer in the current market environment.
Conclusion
Bitget’s BGB token is poised for continued growth, fueled by strategic developments like the 800 million token burn and ecosystem enhancements. While technical indicators advise caution due to overbought conditions, the token’s robust fundamentals and community-driven initiatives provide a strong foundation for long-term value.
Investors should monitor key levels, such as the 38.2% Fibonacci retracement support and the one-month high resistance, for potential trading opportunities. As Bitget continues to innovate and expand its ecosystem, BGB remains a compelling investment in the crypto space.
Bitget Token | BGB ( is the next BNB )BGB is 600% up since our first signal so its time to give it another look🔍
So, what’s this Bitget Token again ?
It’s a centralized exchange for crypto derivatives and spot trading. Bitget wants to make crypto trading so easy even your grandma could moonshot her portfolio! Their ultimate goal? Bridging Web2 and Web3, connecting CeFi and DeFi, and being the go-to portal for all things crypto—basically, the digital glue holding it all together. they got BGB token and wen exchange doing good the token will doing great
What Makes Bitget So Special ?
1. Cool Gadgets
- One click copy trading (copy the pros or MoonMaster, not your buddy who lost his private keys)
- Trade without converting tokens because math is hard.
- USDC margin derivatives.
2. Ironclad Security
- Risk control with hot & cold wallet segregation (because mixing wallets is like mixing tequila and milk never a good idea)
- 12 A+ ratings from SSL Labs, and it's backed by big tech names like Suntwin, Qingsong Cloud Security, HEAP, and Armors.
3. Top-notch Customer Service
- 24/7 multilingual support (crypto doesn’t sleep, so neither do they)
- VIP 1on1 support (you’re a big deal here)
- Reward centers, because everyone loves free stuff
Why Should You Care About BGB ?
1. Save on trading fees 15% discount just for using BGB as margin.
2. Flex those BGB tokens and get a 20% fee discount.
3. Collateral? Yep, BGB’s got you covered.
4. Exclusive perks: access to Bitget rewards, private circles, and all the cool-kid crypto stuff.
BGB successfully broke 1.3 and 1.7$ and thanks to BTC and it just showed to all exchanges who is the king of exchanges tokens
If you’re not already checking our signals these days, you might just miss the rocket while you're still tying your shoes 🚀
Bitget Token | BGB ( the next BNB ? )The price of Bitget Token (BGB) is $0.40 today with a 24hour trading volume of 13 million dollar. This represents a 7.7% price increase in the last 24 hours
Bitget is a cryptocurrency exchange and copy trading platform founded in 2018. Bitget’s BGB token is a utility token crucial to the functioning of the Bitget ecosystem. It grants users the ability to vote on project listings, join Launchpad and Launchpool to gain access to high-quality tokens, receive fee discounts, and more on the Bitget exchange. Also, staking NYSE:BGB tokens grants holders access to a wide variety of premium benefits and savings. There are currently 1,400,000,000 BGB in circulation and a maximum of 2,000,000,000 BGB in existence.
BGB will be listed on the bitfinex spot market, tradeable against usdt & usd on 25th April. The decision to list BGB on Bitfinex comes in response to the increasing demand for the token in the market. Entering 2023, BGB has experienced significant price growth over the last few months and reached an all-time high of 0.51 USDT in February. The surge in price can be attributed to several factors, including the increased adoption of the Bitget exchange and its recent efforts in building the spot trading market
next targets are 0.43, 0.45 and 0.47$
IT'S UNSTOPPABLE? BGBThe weekly chart for BGB it's pretty incredible. Since it's creation in 2022, Bitget token has never stopped to grow. The price of BGB is always rising, and i think this trend will continue. I think the price will reach the main resistance of $1.7/1.8 this year. Looking at short term, price must break above the strong resistance at $1.4 before pushing higher, and i see a good accumulation zone at $1.1, where i hope the price to come back to add more. First support zone is $1.28, if this hold we have nothing that can stop the rise
BGBUSDT on a Channel Up targeting 0.8000The Bitget Token (BGBUSDT) has been trading within a Channel Up pattern since March 2022. For the past 3 months it has entered a consolidation in the upper level of the Channel Up around the 1D MA50 (blue trend-line). A similar 3 month accumulation phased took place below the middle of the Channel Up just before the February rally. As long as the price stays above the 1D MA50, we can stay bullish. If it closes below it, we expect the price to seek the 1D MA200 (orange trend-line) for Support and then rebound. In both cases we are targeting 0.8000.
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👇 👇 👇 👇 👇 👇
$BGB - Bitget's flagship coin. This is Bitget's platform token. I've been looking at this chart for a few days and could clearly see the retrace wasn't over.
The volume started to pick back up again early 2023 to form an impulse. Where this is situated in the grand scheme of things, only time will tell, but this structure most certainly needs a wave 5. Unless this is nothing more than an ABC with higher than average volume. I believe a break below 0.238 would confirm the corrective conclusion.
Please notice the Shallow retrace of (2) on the chart. This is what allowed me to suspect a deeper correction in this wave (4) we are currently in. I'm expecting for us to test the 33 cent mark rather soon.
Safe Trades to all!
how knows maybe the next bnb? (BGBUSDT) 💣🚀Hello 🐋
Based on the chart, and Fibonacci indicator and fib supports and many other fundamental sign we expect more gain ✔️
here
the price can shape the parallel channel and see more range market or explosive volume and huge gain 💣🚀
otherwise
we can see more correction to lower support level ❌🧨
if
breakout of the upper resistance zone be completed, we can see more pump to the upside and ATH ✔️🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
how knows maybe the next bnb? (BGBUSDT) 💣🚀Hello 🐋
Based on the chart, and Fibonacci indicator and fib supports and many other fundamental sign we expect more gain ✔️
here
the price can shape the parallel channel and see more range market or explosive volume and huge gain 💣🚀
otherwise
we can see more correction to lower support level ❌🧨
if
breakout of the upper resistance zone be completed, we can see more pump to the upside and ATH ✔️🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Bitget - Wait For The Bulls! 📈Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
While many altcoins made lower lows the past couple of months, BGB stood strong above support.
on DAILY: Left Chart
BGB is stuck inside a range in the shape of a symmetrical triangle highlighted in red.
📈For the bulls to take over medium-term, we need a break above the upper red trendline, and then above the green resistance 0.225 for the bulls to take over from a long-term perspective.
Meanwhile, as we approach the lower red trendline and blue support, we will be looking for short-term buy setups.
on H1: Right Chart
BGB is bearish short-term trading inside the orange channel.
📈 🏹Trigger => for the bulls to take over, we need a break above the orange trendline and last major high in gray.
Meanwhile, until the buy is activated, BGB can still trade lower till the blue support and form a new major high before the bulls take over.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BGBUSDTBGBUSDT is a Bitget exchange token. And only available on Bitget exchange, if one of more exchanges launch it, then it's will be boom.
Now the current scenario will be playout when bitcoin is stable, and give some upside move.
Gain for this trade is 30% and Stoploss is 8%. Invest and accumulate those amount which you can Offord.
Take risk accordingly with this trade setup.
IS BGB TOKEN A NEXT BNB?Hello members, welcome to BGB/USDT update by CRYPTOSANDERS.
In the current scenario, BGB/USDT is trading inside the H&S pattern.
Here we are expecting that it will come down near the yellow zone which will be the zone where we can take a position on the spot and hold it for the long term.
BGB (Bitget token) is an upgraded platform token of the Bitget exchange.
The Bitget exchange is one of the fastest-growing exchanges.
Entry:-CMP
$0.14
$0.16
Target:- long-term hold and good profit
Stoploss:-NA
Share your views in the comment section.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
IS BGB TOKEN A NEXT BNB?Hello members, welcome to BGB/USD update by CRYPTOSANDERS.
In the current scenario, BGB/USD is trading inside the triangle pattern.
Here we are expecting that it will come down near the yellow zone which will be the zone where we can take a position on the spot and hold it for the long term.
BGB (bitget token) is an upgraded platform token of bitget exchange.
Bitget exchange is one of the fastest-growing exchanges.
Entry:-CMP
$0.18,
$0.19
Target:- long term hold and good profit 😉🙂😊✈️✈️
Stoploss:-NA
Share your views in the comment section.
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
BGBUSDT made a bullish break-out. Potential for +7% profit.The Bitget token (BGBUSDT) broke today above the last Lower Highs trend-line left as Resistance since the pull-back from the February 10 High. By doing so, it also broke above the 1H MA50 (blue trend-line) which has been unbroken also since Feb 10. This is technically a double bullish break-out formation and now which should turn our focus on the Fibonacci retracement levels for potential targets. Notice also that the MACD is on a Bullish Cross, while the RSI has also broke above its respective short-term Resistance level.
If the 0.382 Fib level breaks, our bullish target will be the 0.618 Fib at 0.11713. We may see some profit taking there, so buying should be extended after a confirmed break of the 0.11785 Resistance, where the target will be a complete gap fill at 0.12115. This represents all together from the current levels a +7% profit opportunity.
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