Bitget Token (BGB) Price Prediction: Will the Rally Continue as Bitget Unleashes Market Potential?

The Bitget Token's recent performances seem to have traders enticed as the token's 24-hr trading volume surged 53.3% to sit at $376.81M.

Bitget Token (BGB) price analysis for December 18 reveals a bullish trend with potential resistance at 4.4000.

BGB price analysis reveals a bullish trend on Monday as the token price experienced a surge of 11% to reach $4.23. This recent surge follows a period of consolidation observed last week. Moreover, the token price is observed to be inching closer to the 5 dollar mark as it currently trades at a price of 4.23 with a 24-hour trading volume of 376.81 million.

Additionally, the token price is up by 53.3% over the past 24 hours, indicating a significant rise in buying pressure.

Bitget Token price analysis: further technical developments

The 1-hour price chart for Bitget Token price analysis reveals a bullish trend with potential resistance at 4.4000. A bullish trend is indicated by the candlesticks forming higher highs and lows on the 1-hour price chart.

Moreover, the token price is observed to be trading within an ascending channel, indicating an uptrend. The upper trend line of the channel is acting as resistance at 4.4000, while the lower trend line is providing support at 4.2202.

Relative Strength Index (RSI) is at 48.16, indicating flattening momentum as the token price recently encountered a resistance level. Any further increase in buying pressure could push the token price to break through the resistance at 4.4000 and continue its uptrend.

However, a failure to break through the resistance could lead to a period of consolidation or a potential correction as suggested by the RSI dropping below 50 and the MACD forming a bearish crossover.

Bitget unleashes market potential

In other news, Bitget, a leading cryptocurrency exchange, has recently reentered the UK market with a staggering lineup of over 150 tokens on offer.

This move is set to amplify the exchange’s presence in one of the world’s most influential financial markets.

As Bitget expands its services, the platform is offering a wide selection of cryptocurrencies, nearly double the average token count provided by major global competitors.

This strategic entry into the UK market is further enhanced by Bitget’s authorization under the Financial Promotions Regime.

Moreover, the exchange is fully committed to adhering to the stringent regulatory standards and guidelines outlined by the UK’s Financial Conduct Authority (FCA).

This development marks a significant milestone in Bitget’s mission to become a Web3 gateway for users worldwide.

By catering to the diverse needs of the British crypto community and offering a vast array of digital assets, Bitget is poised to capture a substantial market share in the UK.