With the growing activity in the cryptocurrency market, BTC prices have surged beyond the $60k price, and altcoins are being actively used; Bitgert (BRISE) has become a phenomenon. Determining the price of Bitgert in 2024 thus presents promising news to likely investors.
The question that lingers, however, is how the price of Bitgert will move this year according to the charts in front of us.
Current Price Chart
In Q1 2024, Bitgert price witnessed an impressive surge of 170%. This phenomenal price growth was accompanied by returns as high as 40,000%, making Bitgert one of the highest-flying assets in the history of the crypto market. But, Bitgert’s price action after that saw a series of red dollars, suggesting a phase of correction or consolidation.
Technical Analysis
Support and Resistance Levels
The recent trend has broken through a few levels of support. The most significant justification for this support level is $0.000000008, where there has been significant buying support in the past. If the price maintains itself higher than this price point, it might be an indication of a possible breakout for Bitgert’s BRISE.
The immediate next resistance ends at a price level of approximately $0.00000009. This price level has acted like a wall; pushing forward that level might uplift the price even further.
Moving Averages:
As mentioned above, the 50-day smoothed line proved quite productive as it continues to rise because of the positive sentiment towards the market in the earlier part of the year. It is speculated that a cross above the 200-day moving average could very well signal a continuation of the bullish trend.
Observers note that the 200-day moving average is still below recent highs, which indicates that Bitgert’s long-term trend is still intact but may have some fluctuations.
Volume Analysis:
In the most recent pullback in prices, trading activity fell, indicating that such selling strength may be diminishing. When this means volume expands it tends to extend itself in the direction that the next directional call is expected to be in.
Market Sentiment and Fundamentals:
Bitgert’s fundamentals back its price potential. Such characteristics are usable in particular in networks/business, such as 100,000 TPS and low cost of work, lure projects and developers.
For would-be Bitgert investors interested in supporting the volatility of Bitgert and buying it lower in price, watching support and resistance is important. If this price is not met, this can also invite the risk that, say, market players would go the vigorously predictable direction, buy high, crushing optimism rising into, buying over the approaching explosive high potential.
Further Reading and Resources
To learn more about Bitgert and BRISE, check out their recent blogs. Also find additional up-to-date information and analysis at https://bitgert.com/
Grab your own $BRISE today at Bitget, Gate.io, and KuCoin!
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