Bitcoin has initiated an upward trend, capturing the attention of investors and analysts who are eagerly awaiting the post-halving surge. Amidst these speculations, an analyst has expressed bullish sentiments regarding an altcoin that holds a prominent position in the market.
The analyst, known as DonAlt, shared his thoughts on buying BNB, the native token of the Binance exchange and BNB Chain, on his YouTube channel. According to DonAlt, BNB is currently experiencing a significant upward price movement. He believes that if BNB were to decline by approximately 20% from its current level, it would no longer be an attractive investment opportunity.
Following DonAlt’s remarks, the price of BNB has surged and currently sits at $575.
Moving on to Bitcoin, DonAlt also analyzed the price movement of the leading cryptocurrency. He suggested that the direction in which Bitcoin will head next depends on its movement between two crucial levels. As of now, Bitcoin has witnessed a 4% increase and is trading above the $61,500 mark.
Lastly, DonAlt provided his insights on Ethereum. Despite the weekly close still a few days away, Ethereum has managed to reclaim its position above $3,000 and is currently valued at $3,077.
It is important to note that the information presented in this article should not be considered as investment advice. Investors must be aware of the high volatility and risks associated with cryptocurrencies and should conduct thorough research before making any investment decisions.
