Bitget Token Price Forecast: BGBUSD Faces Resistance at $7.000

Bitget Token Price Forecast: January 30

The Bitget Token price forecast indicates an attempt to breach the $7.000 resistance level. Market buyers must push beyond this level for the coin to sustain its bullish trend.

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

Resistance Levels: $7.000, $7.4600
Support Levels: $6.600, $5.9800
The Bitget Token has been moving in a stepwise pattern, gradually increasing in price. However, its last surge beyond the $7.4600 key level resulted in a sharp decline, causing the coin to slip below the bullish trend line. Now, the bulls are making efforts to restore the price back to its bullish trajectory but are facing strong resistance at $7.000.

Bitget Token Price Forecast: BGBUSD Outlook

The token managed to recover from a significant bearish downturn that followed its December price surge.

Despite this, it has maintained a steady movement along an upward trend line. However, bearish pressure is creeping in, causing the price to slip below $7.000.

As a result, the Momentum indicator has turned negative, signaling a drop in bullish momentum. The Stochastic Oscillator also shows the price nearing oversold territory.

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

The bulls’ efforts are evident on the 4-hour timeframe. The candles are bouncing off the $6.600 support level, applying pressure on the $7.000 resistance zone. Consequently, the 4-hour Momentum indicator has turned bullish as buyers attempt to reclaim the uptrend line.
The Stochastic Oscillator lines have surged from the oversold region, crossing the midpoint and stopping just short of the overbought zone. This indicates increasing bullish activity, with buyers attempting to push past the $7.000 resistance. Traders monitoring crypto signals should watch for a potential breakout.

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