According to a widely-followed cryptocurrency trader and analyst, a market cap top-10 altcoin is likely to rise double-digits percentage points.
Bluntz is the pseudonymous analyst. tells His 260,900 social media followers on the platform X BNB, the BNB Chain utility token, will reach at least $1,000.
“There’s no way BNB doesn’t get a four-digit handle this cycle.”
Based on Bluntz’s chart of BNB on the weekly timeframe, it appears that the pseudonymous analyst who sometimes employs the Elliott Wave theory in his technical analysis expects BNB to reach a price of around $1,200 in a five-wave pattern – a gain of about 71% from the current level.
Elliott Waves theory says that a price trend moves through a five wave pattern, while a corrective move occurs within a three wave pattern.
BNB’s price is currently $700, which is around 1% lower than the record high reached on 5th June.
Ethereum/Bitcoin is next. The analyst is a pseudonym says The downward trend that was following a divergence in the bearish direction that appeared on the chart for the 12-hour timeframe of ETH/BTC seems to be over.
In technical analysis, a bearish divergence occurs when the relative strength index (RSI), in this instance, shows a downward trend.
“Big move soon and I’m leaning towards up, at the moment.”
EthereumETHAt the time this article was written, ) traded at $3.802 or 0.05358 BTC.
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