Bitget Token (BGB) Price Prediction: ATHs Continue as HODLers Counteract Profit-Taking Risks

Bitget Token (BGB) has surged significantly this month, rallying by 430% and forming new all-time highs (ATHs) throughout December.

Cryptocurrency exchange Bitget’s native token, Bitget Token (BGB), has seen a remarkable rally this month, surging by over 430% and hitting new all-time highs (ATHs) throughout December.

This altcoin has experienced exceptional growth, with its price continuing to climb despite the looming threat of profit-taking. However, strong investor conviction appears to be reducing the likelihood of a major sell-off.

Sell signals have emerged for BGB, but the broader sentiment remains bullish. Analysis reveals the key takeaways for understanding BGB’s price performance.

Bitget Token Holders Are Bullish: Price DAA Divergence Indicator flashes sell signals for BGB over the past 48 hours, reflecting rising profits among investors.

With Bitget Token showing consistent gains, some holders might be tempted to secure their profits, which could temporarily stall the uptrend.

However, the broader sentiment remains optimistic, with strong buying support pushing BGB to new ATHs despite the sell signals.

This extraordinary performance of BGB this month has garnered attention, but caution is warranted as the altcoin’s meteoric rise makes it vulnerable to short-term selling pressures.

Investors are closely monitoring these signals for any shift in momentum, and the overall market conditions will play a crucial role in determining the strength of any potential sell-off.

HODLers’ Long-Term Support: Bitget Token’s macro momentum suggests strong long-term support from HODLers.

Over the past month, the proportion of supply held by long-term investors has increased by 11%.

These investors, who typically hold assets for over a year, play a crucial role in maintaining price stability and market confidence.

This growing HODLer base demonstrates high conviction in BGB’s long-term potential, counteracting the risks of near-term selling.

With strong fundamentals underpinning the token, BGB is positioned to weather any temporary dips caused by profit-taking, maintaining its overall bullish outlook.

BGB Price Prediction: ATHs Continue: Bitget Token has posted a 44% increase in the last 24 hours, reaching a new ATH of $8.49 during the intra-day high.

This marks the fourth ATH for BGB in just one week, showcasing its remarkable momentum and investor interest.

Over the course of December, BGB has surged by nearly 430%, putting it on track for continued growth.

If this trend persists, the token could soon breach the $10.00 mark, further solidifying its position as a standout performer in the crypto market.

However, the potential for profit-taking remains a concern, and if selling pressure intensifies, BGB’s price could fall, potentially slipping to $4.90, which would invalidate the bullish outlook.