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Bitcoin Slips Below $93K in Crypto Selloff, but Trader Sees Short-Term Bounce
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$BNB BNB BNB $688.89 has been trading between the uptrend line and the $745 overhead resistance for the past few days. The bulls will try to push the price to $745, which may prove to be a difficult barrier to cross. If the price turns down sharply from $745, the BNB/USDT pair could skid to the moving averages. A strong rebound off the moving averages improves the prospects of a break above $745. If that happens, the pair may climb to the $794 level. This positive view will be invalidated if the price turns down and breaks below the uptrend line. The pair may drop to $635 and later to $600.
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#TrumpCryptoOrder President Donald Trump signed an executive order on Thursday to promote the advancement of cryptocurrencies in the U.S. and to work toward potentially developing a national digital asset stockpile. Venture capitalist David Sacks, who Trump tapped as his crypto and artificial intelligence czar, joined Trump in the Oval Office for the signing of the order.
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