- Summary:
- In yesterday's trading session, Bitgert price surged by mor ethan 50 percent, an aggresive trend that is poised to continue today.
After trading sideways for almost the entire January, the Bitgert price (Brise) surged by over 50 percent, which pushed its monthly gains to 68 percent. The price surge was a result of a huge trading volume spike during yesterday’s trading session.
The spike in trading volume has also extended to today’s trading session, whereby in the past 24 hours, it has risen by over 500 percent. The continuation of the trading volume from yesterday to today has also resulted in today’s Bitgert price surging by over 20 percent in the early hours of the session.
However, in the past few hours, the trend has looked aggressively bearish. This has resulted in the daily price gains dropping from 21 percent a few hours ago to the current 9 percent.
Why did the Bitgert Price Surge Suddenly?
In Yesterday’s trading session, Bitgert price closed the markets up by 53 percent. The surge in price followed weeks of sideways trading, despite the industry-wide cryptocurrency bullish trend.
The surge was also not triggered by any news. Looking at the latest press releases from the platform, there doesn’t seem to have been any partnership big enough to have warranted the huge spike in prices. The platform has also not announced any major upgrades recently.
However, there is a high likelihood that the current price surge has been a result of investors coming into the market in large numbers in the past 48 hours. For instance, based on trading volume, the last 24 hours have seen it increase by over 500 percent. Such a massive change in trading volume within a short time can trigger an over 50 percent price surge within a day, as we have seen in Bitgert’s price action.
Bitgert Price Forecast
Following yesterday’s 53 percent price surge, and today’s early hours’ price surge of 21 percent, I expect the bullish trend to continue for the next few trading sessions. My analysis is supported by the recent price action and technical indicators such as the Williams Alligator, which continues to give signals of a bullish trend.
Therefore, there is a high likelihood we might see the Bitgert price surging to trade above the $0.00000074 price level in the next few trading session. A surge above the $0.000001 price level is possible for the long term.
Daily Chart
