Bitgert’s price is up by 6 per cent in today’s trading session. The surge in price has seen it wipe losses made in yesterday’s session when the crypto dropped by 3.5 per cent. The strong bullish move is also looking likely to continue rising throughout the session.
Bitgert has continued to rise in popularity, partly due to its superfast blockchain technology, which is capable of completing 100,000 transactions per second. The platform also markets itself as having zero-cost gas fees with an ecosystem that encompasses DeFi, NFTs, and Web3 technologies.
Looking at the chart below, we can see Bitgert has been trading within an ascending channel for the past few weeks. Since the current bullish trend started, the price has surged by 40 per cent.
Today, with prices hitting the lower trendline of the ascending channel and bouncing to start the current bullish trend, there is a high likelihood that Brise has started another bullish trend that is likely to see prices hitting the upper trend line again. Based on the chart, today’s aggressive move is also looking likely to continue throughout the session.
Therefore, my Bitgert price prediction expects the prices to continue rising in the next few trading sessions. As a result, there is a high likelihood that we will see the prices hit and break July’s price high of $0.00000050.
However, the current Bitgert bullish push may be hindered by the current cryptocurrency market’s bearish trend. Looking at the past few days’ global cryptocurrency trends, where market capitalization has fallen below $1 trillion again, it is likely that we may start to see the crypto industry continuing to fall. Bitgert, which is highly positively correlated to cryptocurrencies such as Bitcoin and Ethereum, will also likely follow the bearish trend. When that happens, then my bullish trend analysis will be invalidated. It will also mean the cryptocurrency will continue setting new price lows throughout the month.
This post was last modified on Jul 27, 2022, 11:05 BST 11:05