Bitget Token Price Forecast: BGB Ascends Above the $7.000 Key Level

Bitget Token Price Forecast: January 23

The Bitget token price forecast suggests the coin is gearing up to challenge the critical resistance level at $7.460 after successfully surpassing the $7.000 key level.

Bitget Token Long-Term Trend: Bullish (1-Day Chart)
Key Levels:

Resistance Levels: $7.460, $8.500
Support Levels: $7.000, $6.600
The Bitget token continues its steady ascent through key levels. Since December 2024, the market has exhibited a robust bullish trend, achieving a price increase of over 400% into the new year and marking a significant all-time high at $8.500. A subsequent retracement lowered the price to $5.500, but the bulls have regained control, driving the token back upward toward the all-time high.

Bitget Token Price Forecast: BGB/USD Outlook

The token remains firmly in a bullish phase, making consistent upward progress. The immediate goal is to recover and push the price back to the all-time high of $8.500.

The $7.460 resistance level is critical, as the coin has previously been rejected at this point. Surpassing it would further bolster bullish momentum and increase the likelihood of retesting $8.500.

On the daily chart, the 20-period Moving Average (MA) aligns well with the uptrend line, providing solid support for continued price growth. The Relative Strength Index (RSI) confirms that the bulls have sufficient momentum to sustain the uptrend.

Bitget Token Medium-Term Trend: Bullish (4-Hour Chart)

Similar to the daily chart, the RSI line on the 4-hour chart is maintaining a position above the 50 mark, ensuring the market remains bullish without approaching overbought conditions. This helps to mitigate the risk of exhaustion among buyers and reduces the likelihood of a sudden price drop unless there is significant bearish pressure.
The 20-period Simple Moving Average (SMA) supports most of the 4-hour candlesticks, mirroring its role on the daily chart. The critical test for bullish momentum lies at the $7.460 resistance level. Breaking through this barrier would confirm the potential to advance toward the all-time high at $8.500, as indicated by recent crypto signals.

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