$BNB Binance Coin ($BNB) has been in an uptrend against BTC since early 2021. However, after the bull market top in November 2022, the BNB price did bleed severely in favour of BTC over the entire bear market, as was the case for all altcoins.

Nevertheless, since early 2023, the trend has been up in favour once again, with an 80% gain so far.

As can be seen from the chart above, the price is consolidating above the first of the Fibonacci levels (0.236). Targets above are the 0.382 Fibonacci at 0.01BTC, and then the 0.618 Fibonacci at 0.014BTC, with the 0.786 Fibonacci above that at 0.016BTC.

The RSI at the bottom of the chart shows that the indicator line is maintaining above the 50.00 level, which it historically does during times of dominance over BTC.