Su Fruusto erIu

🚀 Bitcoin has rocketed past 109k, smashing ATHs! Where's it going next?
Drop your prediction for this week's $BTC closing price in the comments of this post 👇
🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! 
*Campaign Period: 2025-01-20 07:30 to 2025-01-26 20:00 (UTC)
‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions:
This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-26 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at  2025-01-26 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of same predictions by multiple users, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 14 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelinesor Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.

BNB is attempting to breach the $741 resistance level, which stands as a critical barrier to reaching its all-time high (ATH) of $793. 

Despite the altcoin’s persistent effort, broader market cues are keeping bullish momentum in check, leaving BNB stuck in a narrow range.

BNB Investors Are Optimistic

The Relative Strength Index (RSI) has been hovering near the neutral line for the past month, signaling indecision in the market. While BNB has displayed bouts of bullish momentum, it has not been strong enough to drive a significant price uptick. This stagnation reflects weak sentiment influenced by broader market conditions.

The lack of strong bullish momentum has left traders uncertain about BNB’s short-term trajectory. The stagnant RSI highlights that buying pressure is not overwhelming, even as BNB trades close to key resistance levels. Without stronger market-wide optimism, BNB is likely to face continued challenges in breaking through its current price barriers.

BNB RSI. Source: TradingView

The Chaikin Money Flow (CMF) indicator is showing an uptick, signifying an increase in capital inflows into BNB. This suggests that investors remain optimistic about the asset’s potential breakout and are confident enough to continue pouring money into the cryptocurrency. Strong inflows could act as a catalyst for upward movement.

Investor sentiment remains positive, with market participants positioning themselves for a potential rally. This confidence is evident in the sustained inflows, even as BNB struggles to breach $741. However, the broader market’s influence and mixed signals could delay the anticipated breakout, keeping BNB in a state of consolidation.

BNB CMF. Source: TradingView BNB Price Prediction: Breaking Out

BNB is currently trading at $700, approximately 14% away from reaching its ATH. To achieve this milestone, the altcoin must break past the $741 resistance level, which has proven to be a significant obstacle over the past month. A successful breach could reignite bullish momentum and push BNB toward its ATH.

However, with mixed signals from technical indicators and broader market sentiment, BNB may remain stuck under $741. The altcoin is likely to consolidate above the $686 support level until stronger cues emerge. This consolidation phase could extend further if market conditions remain stagnant.

BNB Price Analysis. Source: TradingView

Should BNB lose the critical support of $686, it risks dropping to $647, as it has in the past. Any further decline would invalidate the bullish thesis entirely, potentially pushing the altcoin down to $619 and leaving investors wary of additional losses.