COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Crypto Analyst: Bitcoin and Ethereum Look Positive, Caution on BNB
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Binance Coin (BNB) > Crypto Analyst: Bitcoin and Ethereum Look Positive, Caution on BNB
Binance Coin (BNB)

Crypto Analyst: Bitcoin and Ethereum Look Positive, Caution on BNB

In Brief

  • Experienced crypto analyst and trader Altcoin Sherpa commented on the current outlook for three cryptocurrencies in the top 10 by market capitalization. The analyst stated that the largest cryptocurrency, Bitcoin (BTC), and the largest altcoin, Ethereum (ETH), are generally expected to rise, while issuing a warning about the native asset of Binance Smart Chain and […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

Experienced crypto analyst and trader Altcoin Sherpa commented on the current outlook for three cryptocurrencies in the top 10 by market capitalization. The analyst stated that the largest cryptocurrency, Bitcoin (BTC), and the largest altcoin, Ethereum (ETH), are generally expected to rise, while issuing a warning about the native asset of Binance Smart Chain and the service token of Binance, BNB.

Contents
“Stay Away from BNB”Analyst’s Comments on Bitcoin and Ethereum

“Stay Away from BNB”

Crypto analyst and trader Altcoin Sherpa mentioned on his personal X account that the native asset of Binance Smart Chain and the service token of Binance, BNB, are at a critical juncture. The analyst said, “I think it’s best to stay away from it in the short term. I still think Binance is in good shape, but it’s important to be cautious in these uncertain times.”

The analyst’s chart indicates that the fourth-largest cryptocurrency by market capitalization has been lacking upward momentum since failing to break the resistance level around $330 six times since May 2022.

Furthermore, Altcoin Sherpa’s chart shows that BNB has dropped below the two-month range and the next support level is more than 10% below the current price.

Analyst’s Comments on Bitcoin and Ethereum

After assessing BNB, Altcoin Sherpa evaluated BTC in the short term, stating, “I still believe Bitcoin will rise to around $28 overall. All four-hour exponential moving averages look good in the short term, indicating that we will see a new uptrend without excessive expansion.”

Finally, looking at ETH, the analyst emphasized that the price performance of the second-largest cryptocurrency against Bitcoin will determine what altcoins will do next and said:

I think it’s time to buy altcoins. I expect ETH/BTC to fall a bit more and then trigger a reasonable-sized altcoin rally until the end of this year.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

BNB Reaches New Heights with Price Projections and Ecosystem Expansion

BNB Chain Dominates USDT Transfers with 12 Million Active Addresses

Binance Coin Rises: What You Need to Know

BNB Chain Successfully Completes Significant Coin Burn, Reducing Supply

BNB Launches Exciting $100 Million Liquidity Incentive for Promising Altcoins

COINTURK NEWS 22 September, 2023 - 7:56 pm 22 September, 2023 - 7:56 pm
Share This Article
Facebook Twitter
Share
Previous Article Price Predictions for Altcoins: LOOM, FRONT, ARK, and FLM Coin Analysis
Next Article Impact of US Announcements on Bitcoin!
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

U.S.-UK Trade Boost Spurs Bitcoin’s Stunning Price Rise
Bitcoin (BTC)
Ethereum Outshines Bitcoin with Impressive Surge
Altcoin News
Ethereum Boosts Altcoin Surge with Significant Rally
Altcoin News
Crypto Market Surges as Bitcoin and Ethereum Break Key Levels
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?