This week, BTC, BNB and TRX turned bullish with sustained gains. Will the rally continue over the weekend?
Chart by TradingView 1. BTC Price Prediction
Bitcoin has formed a huge pennant since the August 5th crash. If the price manages to break above it, this will confirm a bullish bias and see the price rush to the $64,000 resistance level. This is the most important target now for the bulls.
On the other hand, if the price breaks below this pennant, then the bears will take over and quickly push Bitcoin to the $58,000 support level. At the time of this post, the bias is leaning to the upside, but this will be confirmed with a clear breakout.
Chart by TradingView
BTC is at $61,000 at press time.
2. BNB price prediction
In an impressive surge, BNB managed to book a 12% price increase last week and doesn’t seem ready to stop there. This move comes after price reconfirmed support at $500.
The first target for this rally is $600. If the bulls claim this as support, the next major target will be the all-time high of $700.
Chart by TradingView
BNB is at $580 at press time.
3. TRX Price Prediction
Tron surprised the market with this sustained rally, booking an impressive 20% price increase this week alone. This got a lot of attention and the price action shows it. Also, if this momentum holds, this cryptocurrency has a good chance to reach an all-time high in this cycle before Solana and Ethereum.
The current target for this rally is 18 cents, and any price above this level will set a new record high for Tron.
Chart by TradingView
TRX is at $0.16 at press time.
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