The BRISE price prediction is hanging by a thread as the price has just bounced off the upwards trendline. After briefly closing below the trendline on the weekend, the Bitgert coin has still managed to close above once again. Nevertheless, BRISE price is still not out of hot waters as it is yet to break the upwards trendline.
At the time of writing BRISE crypto is trading at $0.0000003326 which is 82% below its March 2022 all-time high of $0.0000018400. This downtrend can be associated with the bearish price action of Bitcoin during the same period. Bitgert team has already added multiple features to its platform. These products include BRISE wallet, BRISE swap, BRISE Audits, BRISE staking and BRISE blockchain. Bitgert chain currently supports the top 15 coins on its BRC-20 network.
According to the BRISE news today, the project Alpha Trades has been cancelled from Bitgert Startup Studio. The team took this action as the Alpha Trades didn’t follow the conditions mentioned in the contract agreement. A cross-chain swap is also in development that would allow the migration of assets from other blockchains to the BRC-20 network.
BRISE Price Prediction
Technical analysis of the BRISE price chart suggests that the coin is on the verge of breaking an uptrend. Bitgert token briefly dipped below the trendline on the weekend as Bitcoin price dipped to the $17.6k level. However, the price has now recovered back above the trendline as Bitcoin has faced a strong bounce.
Any BRISE price prediction mostly depends on Bitcoin’s price action. In case of a relief rally for Bitcoin, BRISE could potentially soar to the $0.0000007183 level. This 0.382 fib retracement level comes into play by connecting the May 2022 high of $0.0000014770 to the recent low of $0.0000002466.
This would be a more than 110% increase from its current price. Similarly, in case of another Bitcoin daily close below $20k, BRISE price could retest its $0.0000001400-$0.0000001200 support level.