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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/major-bank-hikes-gold-forecast-as-bitcoin-ethereum-and-binance-coin-show-volatility" rel="noopener noreferrer nofollow">Major Bank Hikes Gold Forecast as Bitcoin, Ethereum, and Binance Coin Show Volatility</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoins-2024-price-predictions-a-kaleidoscope-of-expert-forecasts" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) recently made a short-lived breakout above a key technical pattern but faced resistance, while purchasers showed interest in buying the dips. Price movements in cryptocurrencies including Bitcoin, <a href="https://en.bitcoinhaber.net/ethereum-climbs-past-3300-as-investors-reap-profits" rel="noopener noreferrer nofollow">Ethereum</a> (ETH), and Binance Coin (<a href="https://en.bitcoinhaber.net/bnb-climbs-high-with-a-5-surge-outshining-bitcoin-and-ethereum" rel="noopener noreferrer nofollow">BNB</a>) indicate a mix of bearish and bullish signals. Traders and investors are closely watching these trends to gauge the market’s direction.</p>
<h2 id="bitcoin-battles-for-bullish-ground">Bitcoin Battles for Bullish Ground</h2>
<p style="text-align: justify">Bitcoin’s recent price movement suggests an ongoing tussle between bulls and bears. If Bitcoin sustains above the 20-day exponential moving average (EMA), there may be another attempt to breach the $73,777 resistance level. Should this succeed, the price may well soar to $80,000 and thereafter to $84,000. However, a failure to hold above the EMA may encourage bears to drive the price down to the uptrend line, potentially triggering a correction towards $60,000 and even down to the 61.8% Fibonacci retracement level at $54,298.</p>
<h2 id="ethereum-and-binance-coin-navigate-uncertain-waters">Ethereum and Binance Coin Navigate Uncertain Waters</h2>
<p style="text-align: justify">Ethereum also exhibited a significant pullback from its recent resistance level. The bulls are currently attempting to cushion the decline at the 20-day EMA. A rise from this level may lead to a renewed push towards the $3,679 mark, and possibly ascend to $4,100 if the bulls can clear this hurdle. Conversely, dropping below the EMA could prolong the consolidation phase with a risk of the price falling below $3,056, giving bears the upper hand.</p>
<p style="text-align: justify">Binance Coin, on the other hand, managed to stay above the 20-day EMA despite a dip below the downtrend line. With the EMA trending upwards and a positive relative strength index (RSI), BNB could be poised for further gains if it maintains above the triangle, aiming for $692 and potentially reaching $795. Yet, bearish resistance looms, threatening to push prices towards the support line and possibly initiate a correction to $460.</p>
<h3 id="considered-points">Considered Points</h3>
<ul>
 <li>If Bitcoin holds above the 20-day EMA, a rally towards $84,000 is possible.</li>
 <li>Ethereum must overcome the $3,679 resistance to target $4,100; otherwise, bears could take control.</li>
 <li>Binance Coin shows potential for an upward trajectory if current support levels hold.</li>
</ul>
<p style="text-align: justify">These insights into the price movements of major cryptocurrencies suggest a critical juncture where the balance between bullish momentum and bearish pressure will dictate the near-term trajectory of the market. Investors and traders should monitor these levels closely to adjust their strategies accordingly.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/major-bank-hikes-gold-forecast-as-bitcoin-ethereum-and-binance-coin-show-volatility" rel="noopener noreferrer nofollow">Major Bank Hikes Gold Forecast as Bitcoin, Ethereum, and Binance Coin Show Volatility</a></h5>

Major Bank Hikes Gold Forecast as Bitcoin, Ethereum, and Binance Coin Show Volatility

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