Bitget Token (BGB) Jumps 3.83% to $2.11 as Bitcoin Rally Triggers Short Squeeze
- —BGB gained 3.83% to $2.11 on volume 49.91% above its 30-day average
- —RSI (14) hit 70.3, the first overbought reading of the cycle; Bollinger %B at 108.2
- —Price trades 12.8% above its SMA-200 ($1.87), but is down 59.53% over 52 weeks
- —Resistance at $2.13 and $2.18; support at $2.04 (SMA-5) and $1.97 (SMA-20)
Why it matters: BGB's move reflects broad Bitcoin-driven beta rather than an idiosyncratic catalyst; holding $2.04 is key to sustaining the rebound.
Source: DiarioBitcoin