BGB price surged 14% in 24 hours to $7.22, aiming for a new ATH of $8.49. Despite the recovery, bearish sentiment persists among investors, with weighted sentiment turning negative for the first time since mid-November. A potential MACD bullish crossover could reignite buying interest, but resistance at $8.49 poses a challenge. If bearish cues dominate, BGB could drop below $5.73 support, invalidating the bullish outlook and risking a fall to $4.90. Mixed signals and skepticism may hinder sustained recovery.

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