🌟 BNB Channels Bitcoin Energy — Breakout to $1,250 Ahead

The Binance Coin (BNB) market is positive after an 8.92% price rise last week. Binance's native coin trades over $800, 6% off its all-time high. BNB's chart structure resembles Bitcoin's early bull cycle, suggesting the cryptocurrency may be starting a significant price rebound.

The chart above shows BNB and Bitcoin's price going through accumulation, breakout, and fast increase.

BTC traded between $15,000 and $25,000 between mid-2022 and 2023 before accelerating over the $70,000 and $82,500 barrier in late 2024. The crypto market leader then rallies to $95,000, $110,000, and $120,000.

BNB continued this trend, consolidating between $200 and $350 from 2022 to 2023, then breaking over $450 and moving above $700 in 2024. At $800, the cryptocurrency faces slight resistance, comparable to BTC's $80,000 level.

A bullish momentum should take BNB towards $980 if the parallel persists and mid-cycle barrier at $700 is broken. The cryptocurrency may then rapidly drop to $777 before rising to $1,200 to gain 50% from current market levels.

Chart similarities provide fascinating insights but may not guarantee comparable results. Binance's ascent may be affected by macroeconomic and regulatory factors. BNB may outperform Bitcoin if an altseason occurs.

BNB is at $810 following a 2% increase in 24 hours. Weekly and monthly price rises of 9% and 20% keep the digital asset profitable. As momentum builds, BNB traders seem positive, with purchasing activity continuing across short- and long-term timeframes.

With a market valuation of $112.36 billion, Binance Coin is the fifth-largest cryptocurrency and fourth-largest altcoin.

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