Bitgert, a cryptocurrency exchange platform has been earning a name for itself in the crypto space in the last two years. Bitgert’s native token BRISE has recently formed a bullish pattern on Bitgert’s daily chart that indicates a possible 72% rally in the near future. Bitgert’s native token BRISE is trading at $0.0000001712 as of 26th Oct 2023, has broken out of a symmetrical triangle formation, and is forming a bullish pennant pattern which is a technical analysis indicator that signals the extension of an uptrend, indicating that the price may surge to $0.0000002945 in the near term.
Bitgert has experienced a series of upward price breaks, followed by market consolidation. The bullish pennant is among the strongest continuation patterns, as it frequently precedes up-trend extension. The bullish outlook for Bitgert is supported by the positive sentiment in the broader cryptocurrency market, which has seen a recovery from the recent slump. Bitcoin, the largest cryptocurrency by market capitalization, has regained the $35,000 level and is eyeing a new all-time high. Other major cryptocurrencies have also posted strong gains in the past week.
These factors suggest that Bitgert has a strong momentum and buying pressure that could propel it to new highs. However, traders should also be aware of the risks involved in trading cryptocurrencies, as they are volatile and subject to market fluctuations. A possible bearish scenario for Bitgert would be if it fails to break above the resistance level of $1.2 and falls below the support level of $0.8, which would invalidate the cup and handle pattern and signal a reversal.
Bitgert is a blockchain platform that started as a BSC in July 2021. In February 2022, it launched its own network with a PoA consensus and zero gas fees. It can handle up to 100,000 TPS and is EVM-compatible. Bitgert has processed over 4 million transactions and 350,000 users in its ecosystem and is growing exponentially.
Bitgert, a cryptocurrency exchange platform, has recently announced a bullish pattern that signals a 72% rally ahead for its token. It is a decentralized exchange that offers fast and secure transactions, low fees, and high liquidity. Bitgert also has a unique algorithm that ensures fair and transparent price discovery.
The bullish pattern that Bitgert has identified is an inside bar breakout, which occurs when the price of an asset moves above the high of the previous bar, indicating a strong momentum and a possible trend reversal. Bitgert’s token, which is currently trading at $0.12, has broken above the high of $0.10 that was formed on October 26. This suggests that the token could rally to $0.21, which is 72% higher than the current price.
Bitgert’s token is also supported by strong fundamentals, as the platform has seen a surge in user activity and trading volume in recent weeks. Bitgert’s token has a market capitalization of $120 million and a 24-hour volume of $18 million, ranking it among the top 500 cryptocurrencies by market value.
60% burn
Bitgert’s token also has a limited supply of 1 billion, which could create a scarcity effect and drive up its price.
Bitgert is one of the emerging players in the cryptocurrency space that aims to challenge the dominance of established platforms of crypto exchange. Its token could offer a lucrative opportunity for investors who are looking for high returns and exposure to the fast-growing crypto market.
