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Bitgetsignals

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.👌👌
Long
by Habib-Tafazoli
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.
Long
by DEXWireNews
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.
Long
by CryptoSanders9563
3
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.
Long
by CryptoSanders9563
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. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
2