BGBUSDT 1D Analysis BGB ~ 1D Analysis
#BGB Buy after successfully breaking this resistance line with a short term target of at least 10%+ from here.
BGBUSD
Bitget token ( BGB)Bgb usdt Daily analysis
Time frame 4hours
BgB is bitget exchange token
OT has unbelievable growth before yesterday
7days 81%
30days 366%
90 days 623%
YTD 1164%
Today, this growth stopped ✋️ and fell down 10%
I think we have two price to enter 7.3$ and 6$
But here is a problem
If you want to buy this token , only bitget , bitfinix and mexc exchanges are seller , not famous exchanges like Binance and kraken and...
This problem when you want to trade bgb will be a big problem.
So you have to be careful.👌👌
BGB Token Rockets 30% Amidst Massive 800M Token Burn PlanBitget’s NYSE:BGB token has captured the spotlight in the crypto world, surging over 20% following the announcement of an 800 million token burn. This development, coupled with the release of a new white paper, has positioned NYSE:BGB as a token to watch in the evolving crypto landscape.
1. The 800M Token Burn Plan
Bitget’s new white paper reveals an ambitious plan to burn 800 million NYSE:BGB tokens held by the core team. This move represents the destruction of nearly 40% of the token’s total supply, reducing the circulating supply from 2 billion to 1.2 billion. Such a drastic reduction in supply is expected to generate a significant bullish impact by adhering to the economic principle of supply and demand. The total value of the tokens set to be burned exceeds $5 billion.
Additionally, Bitget has committed to repurchasing and burning tokens equivalent to 20% of its quarterly profits from its exchange and wallet businesses starting in 2025. This proactive approach is aimed at bolstering BGB’s long-term tokenomics.
2. Strategic Ecosystem Developments
The white paper also introduces a merger of Bitget Wallet Token (BWB) with BGB, aimed at streamlining the ecosystem. This move not only simplifies the platform’s token structure but also fosters a unified community, further enhancing the utility and adoption of BGB.
3. Utility and Use Cases
BGB is Bitget’s native utility token, launched in July 2021. Its use cases include staking, social trading, profit sharing, and discounts on trading fees. BGB holders can also participate in platform initiatives like launchpads and launchpools, adding to its appeal among active traders.
Technical Analysis
At the time of writing, NYSE:BGB is trading at $8.359, up 15.15% on the day, with an intraday high of $8.49. This bullish trajectory aligns with the market’s positive reception to the token burn announcement and other ecosystem updates.
Despite the euphoria, technical indicators suggest caution. The Relative Strength Index (RSI) is at 85, signaling an overbought condition. Traders are advised to wait for a confirmation trend above the one-month high before entering long positions. A pullback could test the 38.2% Fibonacci retracement level, which may act as a clearing field or shake out weaker hands before a potential rebound.
Bullish Continuation Potential
The current candlestick formation indicates a potential bullish continuation, but confirmation through a breakout pattern is crucial. If the breakout materializes, NYSE:BGB could target new resistance levels, making it a promising asset for short-term and long-term gains.
Market Performance
BGB’s 24-hour trading volume stands at $780,650,069, with a live market cap of $11.59 billion, ranking it #16 on CoinMarketCap. The token’s significant liquidity and trading activity highlight its growing adoption and market interest.
Price Comparisons
BGB’s price increase of over 30% in the last 24 hours has defied broader market trends, outperforming other top tokens. This resilience underscores its potential as a standout performer in the current market environment.
Conclusion
Bitget’s BGB token is poised for continued growth, fueled by strategic developments like the 800 million token burn and ecosystem enhancements. While technical indicators advise caution due to overbought conditions, the token’s robust fundamentals and community-driven initiatives provide a strong foundation for long-term value.
Investors should monitor key levels, such as the 38.2% Fibonacci retracement support and the one-month high resistance, for potential trading opportunities. As Bitget continues to innovate and expand its ecosystem, BGB remains a compelling investment in the crypto space.
Bitget Token | BGB ( is the next BNB )BGB is 600% up since our first signal so its time to give it another look🔍
So, what’s this Bitget Token again ?
It’s a centralized exchange for crypto derivatives and spot trading. Bitget wants to make crypto trading so easy even your grandma could moonshot her portfolio! Their ultimate goal? Bridging Web2 and Web3, connecting CeFi and DeFi, and being the go-to portal for all things crypto—basically, the digital glue holding it all together. they got BGB token and wen exchange doing good the token will doing great
What Makes Bitget So Special ?
1. Cool Gadgets
- One click copy trading (copy the pros or MoonMaster, not your buddy who lost his private keys)
- Trade without converting tokens because math is hard.
- USDC margin derivatives.
2. Ironclad Security
- Risk control with hot & cold wallet segregation (because mixing wallets is like mixing tequila and milk never a good idea)
- 12 A+ ratings from SSL Labs, and it's backed by big tech names like Suntwin, Qingsong Cloud Security, HEAP, and Armors.
3. Top-notch Customer Service
- 24/7 multilingual support (crypto doesn’t sleep, so neither do they)
- VIP 1on1 support (you’re a big deal here)
- Reward centers, because everyone loves free stuff
Why Should You Care About BGB ?
1. Save on trading fees 15% discount just for using BGB as margin.
2. Flex those BGB tokens and get a 20% fee discount.
3. Collateral? Yep, BGB’s got you covered.
4. Exclusive perks: access to Bitget rewards, private circles, and all the cool-kid crypto stuff.
BGB successfully broke 1.3 and 1.7$ and thanks to BTC and it just showed to all exchanges who is the king of exchanges tokens
If you’re not already checking our signals these days, you might just miss the rocket while you're still tying your shoes 🚀
Bitget Token | BGB ( the next BNB ? )The price of Bitget Token (BGB) is $0.40 today with a 24hour trading volume of 13 million dollar. This represents a 7.7% price increase in the last 24 hours
Bitget is a cryptocurrency exchange and copy trading platform founded in 2018. Bitget’s BGB token is a utility token crucial to the functioning of the Bitget ecosystem. It grants users the ability to vote on project listings, join Launchpad and Launchpool to gain access to high-quality tokens, receive fee discounts, and more on the Bitget exchange. Also, staking NYSE:BGB tokens grants holders access to a wide variety of premium benefits and savings. There are currently 1,400,000,000 BGB in circulation and a maximum of 2,000,000,000 BGB in existence.
BGB will be listed on the bitfinex spot market, tradeable against usdt & usd on 25th April. The decision to list BGB on Bitfinex comes in response to the increasing demand for the token in the market. Entering 2023, BGB has experienced significant price growth over the last few months and reached an all-time high of 0.51 USDT in February. The surge in price can be attributed to several factors, including the increased adoption of the Bitget exchange and its recent efforts in building the spot trading market
next targets are 0.43, 0.45 and 0.47$
IT'S UNSTOPPABLE? BGBThe weekly chart for BGB it's pretty incredible. Since it's creation in 2022, Bitget token has never stopped to grow. The price of BGB is always rising, and i think this trend will continue. I think the price will reach the main resistance of $1.7/1.8 this year. Looking at short term, price must break above the strong resistance at $1.4 before pushing higher, and i see a good accumulation zone at $1.1, where i hope the price to come back to add more. First support zone is $1.28, if this hold we have nothing that can stop the rise
BGBUSD Trading within a RectangleThe Bitget Token (BGBUSD) has been giving us great opportunities both on the long and short-term. Last time it gave us enormous profit on the 1H time-frame:
This time we are looking it from a long term perspective, on the 1D time-frame, where the price is rebounding after hitting the January Higher Lows trend-line, while the 1D RSI is rebounding after hitting the 30.00 oversold barrier.
We are again on the 1D MA50 (blue trend-line) after a week and being in a Rectangle, we expect the price to hit at least 0.4700. As long as we trade below the 0.51845 Resistance, we will look to short every approach back towards the Higher Lows trend-line. A break below the 0.31375 Support, will be a sell signal, targeting the 1D MA200 (orange trend-line).
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how knows maybe the next bnb? (BGBUSDT) 💣🚀Hello 🐋
Based on the chart, and Fibonacci indicator and fib supports and many other fundamental sign we expect more gain ✔️
here
the price can shape the parallel channel and see more range market or explosive volume and huge gain 💣🚀
otherwise
we can see more correction to lower support level ❌🧨
if
breakout of the upper resistance zone be completed, we can see more pump to the upside and ATH ✔️🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
BGB 2H BUYBGB 2H support is now at ~$0.182
Enter 50% at the current price
and try to set some BUY orders near the support zone
If BGB stays above the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
Cheers
