Bitgert Price Prediction 2023: Will BRISE Price Reach $0.0000006?

Key Takeaways

• Bitgert price maintains a steep descending trend and has lost nearly 30% of its value since the beginning of the current month
• The bearish volume has intensified and hence the price is believed to test the lower support before triggering a fresh bullish move
• A huge drop in user activity has been recorded which suggests the price may head lower in the coming days

Bitgert Overview as of 30 May 2023

Bitgert(BRISE) Price	$0.0000002889
24-Hour Price Change	-1.86%
7D Price Change	-4.1%
Market Capitalization	$114.31 million
Circulating Supply	395.68 trillion
Trading Volume	$4 million
All-Time High (ATH)	$0.00000404
All-Time Low (ATL)	NA
Fear-Greed Index	52 (Neutral)
Sentiment	Bearish
Volatility	11.16%
Green Days	7/30 (23%)

BRISE Price Forecast for this Week

Bitgert’s price has been bearish for the past few weeks and has currently dropped to the lowermost support levels. The bulls are attempting very hard to lift the price, but the prevailing selling pressure may not allow them to do so. Therefore, the BRISE price is believed to hover under the bearish influence and within a bearish pattern until it reaches the apex. 

Besides, the RSI is approaching the oversold levels and is also trying to spark a bullish divergence. If RSI manages to rebound, the BRISE price may also bounce and maintain a healthy upswing ahead. 

Additional Read: Solana Price Prediction

Bitgert Price Prediction for May 2023

Bitgert price has been largely bearish ever since the beginning of the current month. Despite it receiving a bullish push, the bears again dragged the price lower to test the same support levels. However, RSI remains around the average levels, above the oversold region which signals the current consolidation may prevail for long. 

As the month’s end is on the horizon, the BRISE price is believed to utilize all its strength and close the trade on a bullish note. To do so, the price is required to trigger a healthy upswing after bouncing from the lower support. This may pave the way for the price to maintain a healthy upswing since the start of the next month. Therefore, the BRISE price has a chance to trade around $0.00000039 to $0.00000031 by the end of the month. 

Bitgert Price Prediction 2023-2024

The Bitgert price is believed to maintain a consolidated trend until the end of H1 2023, beyond which a significant upswing may trigger. The strength of the rally is believed to intensify in the second half of 2023 as the crypto markets are believed to witness some relief. Therefore, the BRISE price may initially reclaim levels above $0.00000035 and further maintain a healthy upswing to close the yearly trade around $0.00000055.

The upswing is believed to remain constant since the start of 2024 with a minimum of bearish interference. The rally is believed to break above the current bearish pattern, aiming to reach highs in the coming weeks. The upswing is believed to transform into a bull run that may eliminate a zero from its price, and form a new ATH around $0.0000018.

BRISE Price Prediction 2023-2050

YEAR	Bitgert Price Forecast
2023	$0.00000053 to $0.00000055
2024	$0.0000015 to $0.0000018
2025	$0.0000017 to $0.0000020
2026	$0.0000012 to $0.00000125
2030	$0.000005 to $0.000006
2040	$0.00024 to $0.0005
2050	$0.001 to $0.003

Bitgert Technical Analysis

Source: Tradingview

• The BRISE price is trading within a descending triangle and slowly reaching the apex of the consolidation
• The RSI has stuck to the ground levels while the ADX is heading towards the lower support, which suggests the price may hover within the support zone for a while
• Therefore, once the price reaches the apex of the consolidation, the bulls are believed to rise the price beyond the bearish pattern
• However, it may also be a bull trap as the price may face an interim pullback as the bears continue to maintain their dominance 

Will Bitgert Price Rise Again in 2023?

After following an acute descending trend, the BRISE price has reached the lowermost support levels. If it sustains at these levels, then a significant rebound could be triggered, or else the price may begin with a fresh bearish wave. However, the crypto markets are believed to remain bullish during the second half of 2023 which may lift the BRISE price above bearish influence. 

Read More: BitTorrent Price Prediction

Bitgert On-Chain Analysis Overview

Bitgert Daily Active Address

Source: Santiment

The popularity and demand of the project are dependent on user activity on the platform. The daily active address records the user activity in terms of the number of addresses interacting with the platform to perform a trade. All the addresses are considered regardless of whether it is a buy, sell, or swap address, but only once per day. The rise and fall of the DAA directly impacts the price as the buying and selling of the token vary the volatility. 

Presently, the DAA levels have plunged to the ground. After marking highs around 3205 addresses in February 2023, the levels maintained a steep descending trend and are currently below 500. The dropped user activity may not be good for the overall health of the rally as it will slash the volatility to a large extent, impacting the price negatively. 

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