Bitget Token (BGB) Price Prediction for September 5, 2025
Bitget Token (BGB) price today is trading at $4.97, consolidating after a sharp spike toward $5.50 earlier this week. The move came as Bitget announced a major supply cut and a strategic partnership with Morph, sending traders rushing to price in long-term scarcity. While momentum has cooled, the token is holding above key support zones that could set the stage for its next leg.
BGB Price Tests Triangle Resistance
The daily chart shows that BGB is pushing against the top edge of a long-term descending triangle. The price briefly went above $5.30 before falling back to $4.97, leaving a wick that shows people are taking profits in the near term.
The 20-day and 50-day EMAs are clustered at $4.70 and $4.62, which is where support is. The broader base of the structure is at $4.47, which could be a deeper test. If it breaks through $5.35, it would confirm a breakout and could lead to $6.00 in the next few weeks.
Related: Pump.fun Price Prediction: PUMP Faces Resistance After $2.5M Creator Surge
RSI is close to 60, which shows that the market is bullish but not too far ahead of itself. This means that buyers could kee…
The post Bitget Token (BGB) Price Prediction for September 5, 2025 appeared first on Coin Edition.
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Bitget Token (BGB) Price Prediction for September 5, 2025
Bitget Token (BGB) price today is trading at $4.97, consolidating after a sharp spike toward $5.50 earlier this week. The move came as Bitget announced a major supply cut and a strategic partnership with Morph, sending traders rushing to price in long-term scarcity. While momentum has cooled, the token is holding above key support zones that could set the stage for its next leg.
BGB Price Tests Triangle Resistance
The daily chart shows that BGB is pushing against the top edge of a long-term descending triangle. The price briefly went above $5.30 before falling back to $4.97, leaving a wick that shows people are taking profits in the near term.
The 20-day and 50-day EMAs are clustered at $4.70 and $4.62, which is where support is. The broader base of the structure is at $4.47, which could be a deeper test. If it breaks through $5.35, it would confirm a breakout and could lead to $6.00 in the next few weeks.
Related: Pump.fun Price Prediction: PUMP Faces Resistance After $2.5M Creator Surge
RSI is close to 60, which shows that the market is bullish but not too far ahead of itself. This means that buyers could kee…
The post Bitget Token (BGB) Price Prediction for September 5, 2025 appeared first on Coin Edition.
Read More
Bitcoin Price Prediction: Analysts Eye $113K Rebound As CME Gap Anchors Support