NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

BNB Is Under Correction But May Resume Bullish Trend Soon

Ben Gabriel
Ben Gabriel
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

  • BNB has been maintaining a bullish move for the past few weeks, but the price is now retracing near $20.5 support level.
  • Binance Coin remains bullish on the hourly chart, but the bears may take over if the price drops below the ascending broadening wedge.

Over the past few weeks, Binance Coin has witnessed substantial growth which has led the cryptocurrency to surge above $20 following a recent price break.

The performance of BNB has created a bullish sentiment, which is positioning the market for an incoming bull run. Meanwhile, the 7th largest cryptocurrency is currently retracing for the next bullish swing.

Binance Coin Price Analysis

Looking at the hourly chart, Binance Coin is trading above $20 – a price level that was broken a few days ago. At the moment, BNB is under bearish pressure, although buying pressure is expected to continue in the next couple of hours. Going back to late September low on the daily chart, we can see that the BNB trend has completely reversed.

More so, the recent price break was another indicator of a mid-term bullish trend. Adding to the bullish scenario, the price of Binance‘s BNB is now looking positive on the daily technical indicators.

Over the past two days now, the price is trading under $21 due to the short-term corrective pullback. If the bulls can regroup well, Binance Coin could reach $21.6, $23 and $24.

Otherwise, the bears may step back in the market, which might lead to serious price drops. In that case, the BNB/USD pair could fall from the wedge boundary to $20.5, $20, and $19. However, the price action is still shaping well in the wedge for now.

A cryptocurrency trader stated that “moon” is likely the target once BNB surges above the current range.

and there she goes.

looks like CZ just activated moon.exe pic.twitter.com/yPLmxgdyUT

— Bluntz (@Bluntz_Capital) November 13, 2019

Are Bulls Back in the Game?

Binance Coin has started to see bullish momentum and although it is likely to see a pullback in the short term, its long term outlook remains promising.

However, if the market slumps below the wedge, the price of BNB may drop as low as $19 before starting the bullish trend. Although, Bullish trend continuation is expected once the market finds support on the wedge’s lower boundary.

Binance Coin Price
Binance Coin has increased xxxxxxxxxxx (source: TradingView)

Technical Indicator Reading

Hourly MACD – the MACD for Binance Coin has crossed to the negative due to the last two days of bearish actions.

Hourly RSI – The RSI for BNB is now well below 50 to show that the bears are gaining control of the market.

Key resistance levels: $21.6, $23, $24

Key support levels: $20.5, $20, $19

Tweet123Share217ShareSend
Ben Gabriel
Ben Gabriel

Ben Gabriel

Ben is a freelance cryptocurrency journalist, and he's a technology and cryptocurrency geek but also writes intuitive articles on other topics. Ben's motto is to research deeply, test thoroughly, and write simply.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

SHIBA INU

Shiba Inu burn rate stijgt met 2080% – de beste meme coin om nu te kopen?

De koers van Shiba Inu wist in de afgelopen drie weken met ruim 40% toe te nemen. Crypto-analisten verwachten dat...

Lars Diederiksen 2 hours ago
krypto więzienie

Dwa lub więcej lat więzienia za nieautoryzowany handel krypto w tym europejskim kraju

W dzisiejszym świecie handel kryptowalutami to coraz bardziej aktualny temat. Nic więc dziwnego, że kraje na całym świecie wprowadzają coraz...

newsbtc 2 hours ago
Dogecoin price news

Dogecoin Poised For A Monster Rally Amid Brewing Altcoin Season

In livestream that stretched beyond the hour‑mark, technical analyst Kevin (Kev Capital TA) laid out the most compelling bullish case for Dogecoin...

Jake Simmons 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Ethereum Shines Bright As Bank Of America Begins Digital Asset Tracking

Christian Encila 35 minutes ago
Snorter

Kateri Telegram bot bi lahko bil naslednja kriptovaluta s 100x donosom?

tanjapotocnik 43 minutes ago
meme coins

Meme coins καταγράφουν νέα κέρδη καθώς το Bitcoin ξεπερνά τα 122.000 δολάρια

Ιωάννης Ριζόπουλος 1 hour ago

Premium Sponsors

Press Releases

  • ミームコインの価格急騰が続く中、注目の仮想通貨プレセールが50万ドルを突破し、次の100倍コインになる可能性がある。

    ...

    37 minutes ago
  • 仮想通貨おすすめ|ビットコイン強気派の一休み中に買うべき銘柄

    ...

    50 minutes ago
  • 2025年注目の新しい仮想通貨|Solana発 次世代ミームコインが投資家の期待を集める

    2025年注目の新しい仮想通貨|Solana発...

    1 hour ago
  • 2025年7月第2週にクジラが購入した注目のアルトコイン

    ...

    1 hour ago
  • 仮想通貨おすすめ|1ドル以下の3銘柄が2027年までに200ドルの投資を200万円に変える可能性

    ...

    2 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.