Bitget Token Bulls Face Resistance at $5.6200 as Sellers Push Back

Price Analysis – Bitget Token Faces Bearish Pressure

Bitget Token (BGBUSD) price forecast shows bulls struggling to maintain momentum as sellers strengthen their position near the $5.6200 resistance level. Despite a strong rally from $4.1800, the buying pressure appears to be weakening, creating potential for a pullback.

BGBUSD Key Levels

Support Levels: $4.6700, $4.1800
Resistance Levels: $5.0000, $5.6200

BGBUSD Long Term Trend: Bullish (Daily Chart)

The market broke out from a prolonged consolidation between $4.1800 and $4.6700, with buyers successfully pushing above the psychological $5.0000 level. However, the rally has stalled near $5.6200 as sellers step in to challenge bullish control.
The Stochastic Oscillator remains in the buy zone but shows signs of flattening, suggesting weakening momentum. While bulls still aim for higher levels, their strength appears to be fading as selling pressure builds.

BGBUSD remains at a critical juncture, with bulls trying to hold gains while sellers attempt to force a pullback. The $5.0000 level will be crucial – if buyers defend this support, another test of $5.6200 is possible. However, if sellers break below $5.0000, we could see an extended correction.

BGBUSD Short Term Trend: Bearish (4-Hour Chart)

On the 4-hour chart, the price action reveals sellers are actively defending the $5.6200 resistance level. The Stochastic Oscillator shows a slight downward curve. However the Momentum indicator suggests buyers are gradually losing strength

While the overall trend remains bullish, the short-term momentum favors sellers. A break below $5.0000 could trigger a deeper correction toward $4.6700.

Make money without lifting your fingers: Start using a world-class auto trading solution 

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results