Bitcoin has started to rise, turning attention towards altcoins. Investors and analysts continue to speculate about when the post-halving rise might begin. Amid these expectations, an analyst made bullish statements about an altcoin ranked in the top five by market value.
Analyst Comments on Buying BNB
DonAlt, an analyst on a YouTube channel, indicates that BNB, the native token of the Binance exchange and BNB Chain, is currently hosting a significant upward price movement.
I love BNB… I love the BNB chart. This BNB/USD chart is basically begging to break out. I think this dip is just a buy.
According to the analyst, BNB, the fourth largest crypto asset by market volume, would no longer be an attractive buy if it fell about 20% from its current level.
Anything under $450 will start to look a bit risky. However, overall this looks very strong. If you look at the BNB/BTC pair, you can see what absolute dominance looks like. This is actually a really good-looking chart. So if you want to own a really good-looking coin… BNB is one of them. This chart looks perfect.
Following the analyst’s comments, the price of BNB has risen to $575 at the time of writing.
How Much is Bitcoin Now?
The analyst also examined Bitcoin (BTC). According to him, the price movement between the two fundamental levels in Bitcoin will determine which direction BTC will head next.
I think (on the monthly chart) any close above $70,000 will likely head towards $80,000, $90,000… Any close below $57,000 will likely head towards $45,000.
Bitcoin has risen 4% and is now trading above the $61,500 mark.
Ethereum Price Outlook
Lastly, DonAlt commented on Ethereum (ETH):
If this week’s weekly close is above $3,000… then maybe we can talk about returning to $4,000. So at this point, I am more bullish on ETH than I have been in years.
Ethereum, despite days remaining until the weekly close, has risen back above $3,000 today, reaching a level of $3,077.
