bullish

Bitcoin

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-significant-rise-for-bnb-and-bitcoin/" data-wpel-link="internal">Analyst Predicts Significant Rise for BNB and Bitcoin</a><br></p>
<p style="text-align: justify">In 2018, Bluntz, who accurately predicted Bitcoin’s (BTC) bottom and is closely followed in the <a href="https://en.coin-turk.com/nigeria-issues-licenses-to-strengthen-cryptocurrency-market-2/" data-wpel-link="internal">cryptocurrency </a><a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a>, forecasted a rise for BNB (BNB), which is among the top 10 cryptocurrencies by market value. The analyst shared target levels for the altcoin.</p> 
<h2 style="text-align: justify" id="strong-details-of-the-expected-72-rise-in-bnb-strong"><strong>Details of the Expected 72% Rise in BNB</strong></h2> 
<p style="text-align: justify">The cryptocurrency analyst, known as Bluntz, stated on social media platform X that BNB’s weekly timeframe chart looks extremely positive. According to the analyst, the altcoin, which ranks fourth in market value, could rise by approximately 72% from its current level.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-382512" src="https://coin-turk.com/wp-content/uploads/2024/08/BNB-Altcoin.jpeg" alt="" width="1103" height="578"></p> 
<p style="text-align: justify">Bluntz said, “There was a consolidation below the all-time high. Both the top and bottom of the range were swept and now regained. These types of setups, in my view, are first-class setups and we have been given such an opportunity on an extremely high timeframe. I think these are dream opportunities and we will see a thousand dollars soon.”</p> 
<p style="text-align: justify">At the time of writing, BNB is trading at $583, which is about 18% below the all-time high of $717 reached in early June.</p> 
<h2 style="text-align: justify" id="strong-expects-bitcoin-to-rise-after-consolidation-phase-strong"><strong>Expects Bitcoin to Rise After Consolidation Phase</strong></h2> 
<p style="text-align: justify">After BNB, Bluntz analyzed Bitcoin (BTC) and believes that the largest cryptocurrency’s two-week-long volatile consolidation phase will soon end. The analyst said, “Bitcoin bears were given a chance but we tested the resistance point (around $62,096) too much and I think a breakout is near.”</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-382513" src="https://coin-turk.com/wp-content/uploads/2024/08/Bitcoin-1.jpeg" alt="" width="401" height="791"></p> 
<p style="text-align: justify">According to the chart drawn by Bluntz, the analyst noted that an inverse head and shoulders pattern has formed on Bitcoin’s four-hour timeframe. The inverse head and shoulders pattern is generally considered a bullish reversal pattern.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/analyst-predicts-significant-rise-for-bnb-and-bitcoin/" data-wpel-link="internal">Analyst Predicts Significant Rise for BNB and Bitcoin</a></h5>
<p>The post <a href="https://en.coin-turk.com/analyst-predicts-significant-rise-for-bnb-and-bitcoin/" data-wpel-link="internal">Analyst Predicts Significant Rise for BNB and Bitcoin</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Analyst Predicts Significant Rise for BNB and Bitcoin

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