Expected 72% Rise in Binance Coin (BNB)
Bluntz has recently highlighted a promising outlook for Binance Coin (BNB), which currently ranks fourth by market value. According to Bluntz, BNB is poised for a substantial rise of approximately 72% from its current price.
Here are the key details of Bluntz’s forecast:
- Current Price: As of the latest update, BNB is trading at $583.
- All-Time High: The cryptocurrency reached an all-time high of $717 in early June.
- Forecast: Bluntz expects BNB to rise to around $1,000, reflecting a potential increase of 72% from its current level.
Bluntz commented on the situation, stating, “There was a consolidation below the all-time high. Both the top and bottom of the range were swept and now regained. These types of setups, in my view, are first-class setups and we have been given such an opportunity on an extremely high timeframe. I think these are dream opportunities and we will see a thousand dollars soon.”
Bitcoin (BTC) Expected to Rise After Consolidation Phase
Following his analysis of BNB, Bluntz turned his attention to Bitcoin (BTC). He believes that Bitcoin’s recent two-week consolidation phase is nearing its end. According to Bluntz, Bitcoin bears have had their chance, but the resistance point around $62,096 has been tested extensively, indicating that a breakout might be imminent.
Bluntz has noted a significant technical pattern on Bitcoin’s four-hour timeframe:
- Pattern Identified: An inverse head and shoulders pattern, which is typically viewed as a bullish reversal pattern.
- Implication: This pattern suggests that Bitcoin may soon experience a significant upward movement.
Bluntz’s analysis presents a positive outlook for both Binance Coin and Bitcoin, suggesting potential opportunities for investors as these cryptocurrencies are poised for significant movements. Stay tuned for further updates and detailed analyses on these and other major cryptocurrencies.
Ecosystem
Research
News Network
About