Technical Analysis of BNB/BTC:
The current trading price of BNB/BTC is 0.0132 BTC and is currently trading near a high resistance level. The resistance level at 0.0134 is crucial, and if there is a break above it, there could be an upward move of around 20%.
However, if the price rejects this level, we could see a downside move of 30% from the current price and 24% from the breakdown level.
In my opinion, a downside move is likely to occur.
Therefore, if the price hits the 0.01 BTC level, it could be a good entry point for a long-term position.
I will provide updates on the situation periodically.
Please like and share this analysis if you find it helpful, and follow me for real-time crypto updates.
Thank you.
The current trading price of BNB/BTC is 0.0132 BTC and is currently trading near a high resistance level. The resistance level at 0.0134 is crucial, and if there is a break above it, there could be an upward move of around 20%.
However, if the price rejects this level, we could see a downside move of 30% from the current price and 24% from the breakdown level.
In my opinion, a downside move is likely to occur.
Therefore, if the price hits the 0.01 BTC level, it could be a good entry point for a long-term position.
I will provide updates on the situation periodically.
Please like and share this analysis if you find it helpful, and follow me for real-time crypto updates.
Thank you.
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