Binance Coin Price on Track for New All-Time High: Analysis

Quick Summary:

Binance Coin Price: For over a month, the crypto market trend has been sideways following the lead of Bitcoin price resonating around $70000.

This lateral move is viewed as pre-halving consolidation throwing the weak hands off the market to attract buyers with strong conviction.

This lateral movement confined within two converging trendlines indicates the formation of a pennant pattern.

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Article Details

Author / Journalist: Sahil Mahadik

Category: Crypto

Markets: IndiaEl Salvador

Topics: Binance coin Price Prediction Price Analysis BNB price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-13 @ 04:04:46 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 261 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 20673804

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 59 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 53 minutes ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #59

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