I believe that BNB has completed It's own month long bull run at 3rd of April and It's currently in a correction wave. This correction pattern possibly ends up around 0.236 Fibonacci level of 10.41$
As you know, the value of BNB correlates with BTC and I predict that neither of these coins loses more than 16-18% of their current price before next major bullish movement for the crypto market starts. So, I predict that the bottom price for BTC will be around 5800$ and the lowest value for BNB will be around 10.4$ and then we will probably witness the start of bull market run after that.
Let me know what you think by commenting below :)
Yorum
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- BNB continues to drop in value along with BTC as it has been shown as ABC correction on the chart - Binance coin burn at 15th of April
Short term: Bearish Medium term: Neutral to bullish Long term: Extremely bullish!