Bullish trading pattern on BNB/USD looks ready to explode, but what about the BNB/BTC pair?
BNB is way below its all-time high when charted against Bitcoin, but that could soon change.
BNB has been in focus recently as Binance founder and former CEO Changpeng “CZ” Zhao walked out of a United States federal prison on Sept. 27 after serving a four-month stint for Anti-Money Laundering violations.
While some believe that CZ’s release could trigger a rally in BNB (BNB), others expect the performance to mirror that of the broader altcoin market.
BNB, similar to Bitcoin (BTC), has been stuck inside a large range for several months, indicating indecision between the bulls and the bears.
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Author: Rakesh Upadhyay