BNB Price Soars 600% From Bear Market Lows, Eyeing $1,980 As Next Target
The cryptocurrency landscape is witnessing a remarkable shift, with the BNB price emerging as a standout performer among the top ten cryptocurrencies by market capitalization. Over the past week, Binance Coin has surged by 30%, propelling its price to a new all-time high just shy of $1,350. This latest rally translates to a major 600% increase from its last bear market lows. Binance Coin Becomes Third-Largest Cryptocurrency The recent momentum has been particularly noteworthy, as the BNB price eyes to turn the $1,300 mark as its new support for further upside movements, retracing only 2%....
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Ethereum funds have been undergoing a modest recovery after witnessing 11 weeks of continuous outflows. Ethereum’s native token, Ether (ETH), is down nearly 40% against Bitcoin (BTC) since December 2021. But, even more pain is possible for the ETH/BTC pair in the coming weeks, based on a classic technical indicator.Ethereum price risks technical breakdownThe ETH/BTC chart has been forming a bear flag since early June 2022 on the three-day timeframe.In detail, bear flags are considered bearish continuation patterns that form as the price consolidates higher inside a range defined by two....
New all-time highs are closer than many might think, says Credible Crypto, but so is a brutal bear market unlike any other. Bitcoin (BTC) will top $100,000 next year but a record-breaking bear market will follow, a popular trader believes.In a Twitter discussion on Oct. 22, Credible Crypto endorsed a theory that Bitcoin’s next halving will also see macro lows of just $10,000.BTC bulls need only wait a year for $100,000With consensus calling for Q4 2022 to match the end of the 2018 Bitcoin bear market, few are in the mood to call a trend change.While a bold prediction from LookIntoBitcoin....
The cyclical nature of Bitcoin bull and bear markets means that $60,000 is mathematically more likely to be a floor, not a ceiling, in future. Bitcoin (BTC) may have hit highs of $60,000, but calculations suggest that the price level will matter much more to bears, not bulls.In a tweet on Oct. 14, popular Twitter account TechDev again highlighted historical data which has so far accurately tracked Bitcoin's highs and lows.How about an 80% BTC price crash to... $60,000?While BTC/USD is tipped to retake all-time highs and climb to six figures this year, investors' attention is already....
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