Is a major breakout looming for $BNB ? Eyes on 1250, 1700, 2300

BNBUSDT 1M

BINANCE COIN/TETHERUS Binance

Let's analyze the future price potential of Binance Coin. BNBUSDT, I expect a long-term bullish trend.

I have three main targets in this analysis: $1250, $1700, and a final target of $2300. These targets could be reached in a period of 2 to 6 years.

The price may form parallel channels along the way, which are shown in the chart. I also expect the current bullish channel to remain valid during this movement.

Many of the points and levels shown in the chart are based on personal experience, sentiment, and over 7 years of daily research and study of cryptocurrency charts. Some of the lines, channels, and price zones are drawn to aid in understanding the chart and to help envision potential future price movements.

I have also included a very large price drop, even larger than the others, because in the cryptocurrency market, it's common for prices to drop sharply and flush out small investors and traders with positions.

The targets on the chart are not guaranteed; they may or may not be reached.

$BNB DYOR NFA

BNB

764.66

+1.68%