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Bitget Token Gained 19.30% in Last Month and is Predicted to Reach $ 1.55 By May 03, 2024

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Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • Bitget Token is up 3.40% today against the US Dollar
  • BGB/BTC increased by 3.03% today
  • Bitget Token is currently trading 22.99% below our prediction on May 03, 2024
  • Bitget Token gained 19.30% in the last month and is up 189.42% since 1 year ago
Bitget Token price$ 1.19
Bitget Token prediction $ 1.55 (30.22%)
Sentiment Neutral
Fear & Greed index 65 (Greed)
Key support levels$ 1.16, $ 1.14, $ 1.13
Key resistance levels$ 1.19, $ 1.20, $ 1.22

BGB price is expected to rise by 30.22% in the next 5 days according to our Bitget Token price prediction

Bitget Token price today is trading at $ 1.19 after gaining 3.40% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 3.01% in the same time period. BGB performed well against BTC today and recorded a 3.03% gain against the world’s largest cryptocurrency.

According to our Bitget Token price prediction, BGB is expected to reach a price of $ 1.55 by May 03, 2024. This would represent a 30.22% price increase for BGB in the next 5 days.

BGB Price Prediction Chart

Buy/Sell Bitget Token

What has been going on with Bitget Token in the last 30 days

Bitget Token has been displaying a positive trend recently, as the coin gained 19.30% in the last 30-days. The medium-term trend for Bitget Token has been bullish, with BGB increasing by 102.50% in the last 3 months. The long-term picture for Bitget Token has been positive, as BGB is currently displaying a 189.42% 1-year price change. On this day last year, BGB was trading at $ 0.412692.

Bitget Token reached its all-time high price on Apr 11, 2024, when the price of BGB peaked at $ 1.38. The current BGB cycle high is $ 1.31, while the cycle low is at $ 1.12. BGB has been displaying low volatility recently – the 1-month volatility of the coin is at 7.87. Bitget Token recorded 17 green days in the last 30 days.

Bitget Token technical analysis for today - Apr 28, 2024

The sentiment in the Bitget Token markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 1.16, $ 1.14 and $ 1.13, while $ 1.19, $ 1.20 and $ 1.22 are the key resistance levels.

Neutral sentiment for Bitget Token

20 indicators are currently signaling a bullish prediction for Bitget Token, while 9 indicators are showing a bearish forecast. With 69% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Bitget Token.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 65 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Bitget Token moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Bitget Token is positioned in the market right now.

PeriodDaily SimpleDaily ExponentialWeekly SimpleWeekly Exponential
MA3$ 1.15 (BUY)$ 1.22 (SELL)--
MA5$ 1.18 (BUY)$ 1.22 (SELL)--
MA10$ 1.25 (SELL)$ 1.22 (SELL)--
MA21$ 1.22 (SELL)$ 1.19 (BUY)$ 1.10 (BUY)$ 0.873144 (BUY)
MA50$ 1.09 (BUY)$ 1.07 (BUY)$ 0.722326 (BUY)$ 0.665395 (BUY)
MA100$ 0.930203 (BUY)$ 0.931267 (BUY)$ 0.457726 (BUY)$ 0.483542 (BUY)
MA200$ 0.725564 (BUY)$ 0.774179 (BUY)$ 0.066963 (BUY)$ 0.035385 (BUY)

PeriodValueAction
RSI (14)49.78NEUTRAL
Stoch RSI (14)63.68NEUTRAL
Stochastic Fast (14)30.57NEUTRAL
Commodity Channel Index (20)-66.67NEUTRAL
Average Directional Index (14)25.64SELL
Awesome Oscillator (5, 34)0.02NEUTRAL
Momentum (10)-0.08NEUTRAL
MACD (12, 26)-0.02NEUTRAL
Williams Percent Range (14)-69.43NEUTRAL
Ultimate Oscillator (7, 14, 28)46.07NEUTRAL
VWMA (10)1.24SELL
Hull Moving Average (9)1.18BUY
Ichimoku Cloud B/L (9, 26, 52, 26)1.22NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Bitget Token is at 49.78, suggesting that BGB is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Bitget Token over the last 50 days. Currently, Bitget Token is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the BGB closing price for the last 200 days. BGB is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Bitget Token prediction

After considering the above factors, we can conclude that the current forecast for Bitget Token price prediction is Neutral. BGB would have to increase by 30.22% to hit our $ 1.55 target within the next five days. Moving forward, it will be important to monitor the BGB market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Bitget Token price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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