BNB Breaks Out: $BNB bounced sharply above its downtrend line, turning it into support. Bulls could push it past $606, aiming for $635. A drop below moving averages may lead to range-bound trading between $460 and $635. 📈💪
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We mentioned in a previous update that "In simple terms, we are bullish on BTC and expect it to move gradually toward the all-time high zone." Now we are seeing it moving as expected. It tried many times to break the resistance of 61.6k and finally it was able to break out with massive volume. Now we might see a bit of a retracement, but the overall scenario is bullish and our expected targets toward the all-time high zone remain the same. Next, there's a resistance at the 68.1k zone. If it is able to break out, then we might see BTC at our expected all-time high zone sooner than we expected. In case of changes in the situation, we will try to keep updating accordingly. Happy trading 🤗. (Our Premium Trial Available for 5 people check my Bio )
🌟 Pushing above the 50-day SMA could drive Bitcoin to $65,660 and $70,000.
🛡 Bears will defend around $70,000. Watch support at $55,724—breaking it may drop Bitcoin to $49,000. 🦴(Premium Trial Available for 9 members , check my Bio fast to get.)