Analyst Says One Altcoin Quietly Flashing Strength Despite Market Correction, Updates Bitcoin Outlook

A closely-followed crypto analyst says one large-cap altcoin shows its unique strength in the midst of ongoing modifications in the digital asset market.

Michalvande Poppe tells 614,000 followers that Binance Coin (BNB), a utility token for the leading crypto exchange platform Binance, is currently one of the only coins with an attractive market structure.

In a new strategic session, Van de Poppe says the BNB Bulls may be able to catch the rally by entering somewhere between $ 215 and $ 211.

“For BNB [stablecoin] USDT may be one coin I would consider if I could consider long. I’m currently refusing, but it’s actually going up …

I want to see the level go up here to see the continuation. So if you’re looking for a long on the BNB, it makes sense to start looking at the $ 216- $ 215 range here. Maybe with a little more defense, you can start looking at $ 211, but this is the only coin that is currently showing strength. ”

Analysts also say BNB We may be on track to reach the $ 256 level, which is about 20% above the current price.

“I’m still looking for BNB here. Structure of ETH [Ethereum] It is the same. “

When it comes to Bitcoin (BTC), analysts say there are three potential scenarios ahead of the major market capitalization crypto assets.

“There are three scenarios I’m looking at in Bitcoin. It’s the first level of support currently supported, but the confirmation is the worst.

If possible, the low sweep and recovery is a $ 20,000 trigger or flip. “Me

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Featured images: Shutterstock / Alberto Andrei Rosu / Natalia Siiatovskaia