BNB/BTC Technical Analysis and Price Prediction

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Technical Analysis of BNB/BTC: –

The current trading price of BNB/BTC is 0.0132 BTC and is currently trading near a high resistance level.

The resistance level at 0.0134 is crucial, and if there is a break above it, there could be an upward move of around 20%.

However, if the price rejects this level, we could see a downside move of 30% from the current price and 24% from the breakdown level.

In my opinion, a downside move is likely to occur.

Therefore, if the price hits the 0.01 BTC level, it could be a good entry point for a long-term position.

I will provide updates on the situation periodically.

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