BNB Price Analysis Post-29th Quarterly Burn; Is $800 Within Reach?

Quick Summary:

The crypto market has witnessed a bearish turnaround since mid-week as Bitcoin’s price breaks below the $70,000 floor.

The renewed selling pressure can be attributed to market uncertainty following the upcoming result of the U.S.election.

However, the renewed selling pressure of $180 could signal a major reversal and continuation of the prevailing uptrend.

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Article Details

Author / Journalist: Sahil Mahadik

Category: Crypto

Markets: India

Topics: Price Analysis Binance BNB

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 21:46:15 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 410 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23366902

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 37 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

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