Post
Topic
Board Speculation (Altcoins)
Re: BNB to $1k?
by
Furious 7
on 24/02/2022, 17:34:45 UTC
Only from TA aspect it looks like BNB will go up to around 395 and get rejected and move down to 320. I would not open any longs here.
At this point we have a political market. As long as the market is nervous about the war we will not see any upwards movement. BNB now is at $337 and would need +200% to reach $1k, this goal is out of reach right now and probably won't come much closer for the remaining year. I would say the bull cycle is over, let's wait for the next halving (in 2024)
Yep, the current Russian-Ukrainian conflict will certainly have an impact on the economy and Crypto will more or less be affected by this.
The bull market is slowly leaving but with this conflict of course it will be difficult to reach the upside now and we will just keep waiting.
$1000 It's not really that hard but they need some time for this and we'll just have to be patient and patient until the situation gets better