Bitget Teams with MotoGP as BGB Targets $8.56 Breakout
Bitget, the world’s sixth-largest crypto exchange by spot volume, has secured a multi-million-dollar, three-year regional partnership with MotoGP—marking the racing series’ first collaboration with a crypto brand. The deal covers trackside branding, influencer access, and digital promotions at the 2025 Italian, German, Spanish and Indonesian Grands Prix, fronted by three-time champion Jorge Lorenzo under the “Make It Count” slogan. Bitget has also expanded into Georgia under local regulation. On-chain, BGB has formed a bullish symmetrical triangle on the weekly chart, trading near $4.20 support. The RSI at 48.20 and a shrinking MACD histogram signal waning sell-side pressure; a successful breakout could propel BGB toward the 0.618 Fibonacci level around $8.56, with intermediate resistance at $6.67 and $7.62.
Bullish
The sponsorship deal with MotoGP enhances Bitget’s brand credibility and market reach, improving investor sentiment around BGB. Technically, the formation of a bullish symmetrical triangle, combined with RSI stabilization and diminishing MACD bearish momentum, suggests a high probability of an upside breakout. Short-term traders may push BGB above $6.67 resistance on positive news flow, while a sustained close above $4.20 support underpins longer-term bullish trajectories toward the $8.56 Fibonacci target.