Bitget Token Rallies 430% This Month, Forms New All-Time High
Bitget Token (BGB) has surged significantly this month, rising 430% throughout December and hitting an all-time high (ATH).
Despite the looming threat of profit-taking, altcoins have grown incredibly quickly and their prices continue to climb. However, investors’ strong belief appears to be reducing the likelihood of a massive sell-off.
Bitget token holders are bullish
The price DAA divergence indicator has been flashing a sell signal for BGB over the past 48 hours, reflecting rising investor profits. and Bitget token display As the price continues to rise, some holders may try to take profits, which may temporarily hinder the upward trend.
Despite the sell signal, overall sentiment remains positive. BGB’s exceptional performance this month has garnered attention, but caution is warranted as the altcoin’s rapid rise leaves it vulnerable to short-term selling pressure. Investors are watching these signals closely for signs of a shift in momentum.
Macro Momentum of Bitget Token Demonstrate strong long-term support from holder. The proportion of supply held by long-term investors has increased by 11% over the past month. These investors typically hold assets for more than a year and play a vital role in maintaining price stability and market confidence.
The growing holder base demonstrates a high level of confidence in BGB’s long-term potential, offsetting the risk of a near-term sell-off. With strong fundamentals supporting the coin, BGB is able to withstand any temporary dips due to profit-taking, maintaining its overall bullish outlook.
BGB Price Prediction: ATH Continued
Bitcoin It has risen 44% in the past 24 hours, reaching an intraday high of $8.49. This marks the fourth time BGB has achieved ATH in just a week, demonstrating its exceptional momentum and investor interest.
In December, BGB soared nearly 430% and is expected to continue growing. If this trend continues, the coin may soon surpass the $10.00 mark, further cementing its status as an outperformer in the cryptocurrency market.
However, the possibility of profit-taking remains a concern. If selling pressure intensifies, BGB price It could fall, possibly to $4.90. This scenario would invalidate the bullish outlook, highlighting the importance of continued buying support to maintain upward momentum.
Disclaimer
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