Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Analyst Predicts Big Gains for BNB and Upcoming Bitcoin Breakout

Cryptodnes2024/08/23 14:24
By:Cryptodnes

A prominent analyst known for accurately predicting Bitcoin's (BTC) bottom in 2018 is now bullish on BNB, a leading cryptocurrency by market cap.

The analyst, who goes by Bluntz on X, has shared that BNB’s weekly chart shows promising signs for future growth.

Bluntz believes that BNB, currently priced at $583, could potentially rise by around 72% soon, despite being approximately 18% below its peak of $717 from early June. He describes the current setup as highly favorable, suggesting that a target of $1000 might be achievable in the near future.

Regarding Bitcoin , Bluntz observes that the cryptocurrency’s recent consolidation phase is nearing its end. He notes that Bitcoin has repeatedly tested resistance at around $62,096, indicating a likely breakout ahead.

READ MORE:
Russia Unveils New Cryptocurrency Exchanges to Power Global Trade Amid Sanctions

According to Bluntz, Bitcoin may be forming an inverse head and shoulders pattern on the four-hour chart, which is often seen as a bullish indicator.

SHARE: SHARES
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!

You may also like

REEFUSDT is Now Available on Futures

Bitget launched REEFUSDT futures on September 20 , 2024 (UTC+8) with a maximum leverage of 50x. Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. REEFUSDT-M perpetual futures: Parameters Details Listing time September 20, 2024 18:30 (UTC+8) Underlying asset REE

Bitget Announcement2024/09/20 10:35

MetaCene (MAK): Unlocking Real Value in Virtual Worlds

What is MetaCene (MAK)? MetaCene (MAK) is a play-to-earn game that offers an innovative economic ecosystem where players can earn cryptocurrency and NFTs through various in-game activities. MetaCene provides players with a rich, immersive gaming experience set in a futuristic world where players ca

Bitget Academy2024/09/20 09:46