Bitcoin bulls look to re-establish control — Will BNB, LTC, OKB and QNT follow?

If the rate turns down from this zone, the BTC/USDT set may stay inside the channel for a while longer.But if bulls drive the price above the channel, the set will signify a possible trend change in the near term. A break listed below this zone might heighten selling.BNB cost analysisBNB (BNB) has been in the thick of things for the previous couple of days however a favorable indication is that the bulls did not allow the rate to break the $220 support. On the contrary, if bulls propel the rate above the 20-day EMA, the pair might reach the 61.8% Fibonacci retracement level of $272.50. Sellers will try to sink the cost below $95 while the bulls will try to maintain the QNT/USDT set above it. If that happens, the pair might begin a strong healing that could catapult the cost to $135.

If the cost turns down from this zone, the BTC/USDT set may stay inside the channel for a while longer.But if bulls drive the cost above the channel, the set will signal a prospective trend modification in the near term. A break listed below this zone may heighten selling.BNB cost analysisBNB (BNB) has been in the thick of things for the previous couple of days but a positive sign is that the bulls did not enable the rate to break the $220 support. On the contrary, if bulls propel the cost above the 20-day EMA, the set could reach the 61.8% Fibonacci retracement level of $272.50.
This short article is for general information functions and is not meant to be and should not be taken as legal or financial investment recommendations. The ideas, views, and viewpoints revealed here are the authors alone and do not always show or represent the views and viewpoints of Cointelegraph.

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