BGB’s weekly chart reveals a notable double bottom pattern, a highly reliable bullish reversal setup in technical analysis. After bouncing back from the $4.00 support level — marking the second bottom — BGB has steadily moved toward resistance near $5.70-$5.84. This zone is crucial as a breakout above it could confirm the reversal and potentially ignite a new uptrend phase. The pattern’s symmetry and gradual rise in momentum bolster the bullish outlook. What’s Next for BGB? If Bitget Token manages to break above the resistance with strong volume confirmation, this would validate the double bottom structure. In such a scenario, the projected upside target could reach around $7.69 based on the pattern’s height— representing roughly a 35% potential rally from current levels. On the other hand, if it fails to break above the resistance, short-term consolidation might occur before another attempt to push higher. For now, BGB’s price action near the resistance remains key; a successful breakout could signal the start of a new bullish phase for this exchange-backed token. Disclaimer:** This article is for informational purposes only and should not be considered financial advice. Always do your own research before investing in cryptocurrencies.