Technical Indicators - Relative Strength Index (RSI) is neutral, indicating no clear trend - Potential death cross (50 EMA crossing below 200 EMA) could signal a bearish trend, targeting $74,000
However, some analysts warn of a possible 30% decline to $74,000 if support breaks. Others, like Mike Novogratz, predict a bullish trend, targeting $250,000 by 2025.¹ ² ³
Keep in mind that cryptocurrency markets are highly volatile, and predictions are subject to change. Always do your own research and consider multiple sources before making investment decisions.
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$BNB short direction is a bit tricky to predict, but here are some insights. Currently, BNB is in a bullish trend, with resistance at $905 and support at $820-$816. If it breaks above $905, the next target could be $1,000. However, if it drops below $820, it might signal a stronger decrease.
Some key levels to watch are : - *Resistance Levels:* - $861 - $884 - $901 - $905 (immediate resistance) - $1,000 (next major objective) - *Support Levels:* - $820 - $816 - $796
Market Sentiment: Market sentiment remains cautious, with traders awaiting a clear breakout above $25,000 or a breakdown below $23,000.
Potential Scenarios:
1. Breakout: A successful breakout above $25,000 could propel BTC towards $28,000. 2. Breakdown: A breakdown below $23,000 could lead to a decline towards $20,000.