Bitget Token Price Forecast: BGBUSD Is Under Bearish Pressure

Bitget Token Price Forecast: February 13

The Bitget Token price forecast suggests that the price may decline further as sellers continue to dominate the market.

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

Resistance Levels: $6.600, $5.9800
Support Levels: $4.800, $5.500
BGBUSD is facing intense bearish pressure, pulling the price back to the $5.500 support level. The market turned bearish after a strong rejection at $8.500 near the end of 2024. A subsequent attempt to recover was also thwarted around $7.460 about a month later, causing the coin to remain in a downward trend.

Bitget Token Price Forecast: BGB/USD Outlook

The $5.980 price level has been significant for buyers, as they previously managed to recover and reverse the initial bearish move there.

However, this time, a second major rejection has forced the price below this critical level, pushing it down to $5.500. If selling pressure persists, the price could drop even further.

All indicators point to a bearish trend on the daily chart. The RSI is nearing the oversold zone, while the MACD lines at the equilibrium level show a long series of bearish histogram bars, confirming continued selling momentum.

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

There is some relief for the market at the $5.500 support level, as seen on the 4-hour chart. However, the MACD lines, which have dipped into negative territory, suggest that this brief respite may be short-lived before further downward movement.
The Relative Strength Index has already entered the oversold zone but has slightly recovered as the market takes a temporary break from bearish pressure. Nonetheless, expectations remain bearish, with the $4.800 key level appearing to be the next downside target. Traders monitoring crypto signals will be watching closely for further developments.

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