Key Takeaways
- Bitget Token (BGB) is showing early signs of a bullish reversal on the weekly chart.
- Price structure aligns with a Power of 3 (PO3) pattern, often seen near market bottoms.
- BGB has completed a long accumulation phase between $3.91 and $5.78.
- Recent breakdown toward $3.33 appears to be a manipulation move rather than trend failure.
- Reclaiming $3.91 and the 50-week MA near $4.45 could trigger expansion toward higher levels.
- A breakout above $5.78 may open upside toward the $8.23 target.
Bitget Token (BGB), the native utility token of the Bitget exchange, has quietly held its ground over the past couple of months despite ongoing volatility across the broader crypto market. While price action has remained relatively muted on the surface, the higher-timeframe chart is now starting to tell a much more interesting story.
A closer look at the weekly structure suggests that BGB may be nearing the end of a prolonged corrective phase — and could be positioning itself for a meaningful trend reversal if key levels are reclaimed.
Weekly Chart Reveals a Power of 3 (PO3) Structure
On the weekly timeframe, BGB appears to be forming a classic Power of 3 (PO3) pattern — a structure often observed around major market turning points. This pattern unfolds in three distinct phases: accumulation, manipulation, and expansion, with the strongest move typically emerging during the final phase.
Accumulation Phase
Between February and November 2025, BGB traded within a well-defined sideways range. Price repeatedly faced rejection near the $5.78 resistance zone, while buyers consistently stepped in around the $3.91 support level.
This extended period of consolidation reflects a classic accumulation phase, where long-term participants build positions quietly while volatility compresses and momentum fades. Such structures often form before larger directional moves.
Manipulation Phase:
In November 2025, broader market weakness triggered a sharp downside move across altcoins — and BGB was no exception. Price briefly broke below the $3.91 support, sliding toward a local low near $3.33.
This breakdown aligns closely with the manipulation phase of the Power of 3 setup. During this stage, stop-losses are flushed, sentiment turns decisively bearish, and weaker hands are forced out of the market. Importantly, selling pressure began to fade near these lower levels, hinting that the move may have been more of a liquidity grab than a true trend breakdown.
Currently, BGB is trading around $3.67, stabilizing after the shakeout — a potential early signal that downside momentum is weakening.
What Comes Next for BGB?
At this stage, BGB remains at a critical inflection point. The $3.91 level now acts as the most important threshold to watch. Reclaiming this zone would signal that price has successfully re-entered the prior accumulation range.
Beyond that, the 50-week moving average near $4.45 represents the next technical hurdle. A sustained move above this level would strongly suggest a transition into the expansion phase of the Power of 3 structure — where upside momentum typically accelerates.
If bullish momentum continues to build, a breakout above $5.78 could unlock a much larger move. Based on the weekly structure, the chart projection points toward a potential upside target near $8.23 over the coming months.
Risk Factors to Watch
While the setup is constructive, it remains conditional. As long as BGB trades below $3.91, volatility and further consolidation cannot be ruled out. A failure to hold recent lows could delay the bullish scenario and keep price trapped in a broader range.
For now, bulls will want to see strong acceptance above reclaimed resistance levels before confidence in a full trend reversal grows.
Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
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