😀 BTC/USDT - Bitcoin's price fluctuates around $70,000 - $65,000 after the rally observed a month ago. Since then, one of the most anticipated events in the crypto industry has occurred: the fourth halving. Miners' rewards for block mining have decreased from 6.25 to 3.125 BTC. Although an immediate spike in the #BTC price did not occur, it is expected that ultimately the supply shortage will still drive up the price. This will lead to it surpassing the current ATH of $73,737. On a longer timeframe, the price follows the Wyckoff pattern, according to which long-term BTC forecasts are bullish. However, if bullish sentiments weaken before the price forms a new ATH, #Bitcoin may fall below $60,000. This would nullify the bullish scenario and make BTC vulnerable to further decline.
💪 BNB/USDT - #BNB Coin, the native token of the world's largest cryptocurrency exchange Binance, is attempting to surpass the previous ATH of $686. The last time BNB reached these levels was almost three years ago, in May 2021. Over the past two months, the price has failed to break through the $640 resistance level and at the time of writing was around $612. However, according to the Relative Strength Index (RSI), the altcoin has opportunities for further growth. The RSI indicates overbought (above 70) or oversold (below 30) conditions of an asset, helping to assess potential trend reversals. As long as BNB remains below the overbought zone, it may continue to rise. However, BNB could initiate a correction as broader market signals are not distinctly bullish. If the token falls below the $520 support level, the bullish scenario will be invalidated.
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