BNB Mirrors Bitcoin, Analyst Predicts Bull Rally To $1,200
The post BNB Mirrors Bitcoin, Analyst Predicts Bull Rally To $1,200 appeared on BitcoinEthereumNews.com.
Crypto chart-watchers woke up to a spicy take today after popular analyst Ali Martinez, who posts as @ali_charts on X, tweeted that “BNB is mirroring Bitcoin (BTC) price structure” and “could be in the early stages of a bull rally to $1,200.” The post included a side-by-side chart showing similar multi-year fractals for Bitcoin and BNB, and it quickly circulated among traders hunting for the next big altcoin breakout. BNB’s momentum gives the takeaway some teeth. The token has been trading in the upper hundreds this week, crossing the $800 mark and showing strong weekly gains. Experts point to higher liquidity, institutional interest and tokenomics (auto-burns) as push factors. At the time of writing, CoinMarketCap data shows BNB around $807 after a 1.6% surge in the last 24 hours. Meanwhile, the Bitcoin price itself sits firmly in the headlines and remains the engine for most macro crypto moves. BTC has been trading just above six figures, roughly $115K–$117K in recent sessions, and any sustained advance in Bitcoin tends to lift large-cap altcoins like BNB. Technical Case for $1,200 Martinez’s argument is built on “chart fractals,” the idea that price structure from past cycles can repeat. If BNB is really tracing a BTC-like path, the math on those parallels puts a potential extension near the $1,200 area he named. That’s a classic technical target: not a promise, but a scenario if the pattern and momentum sustain. Several independent analysts have echoed bullish technical targets for BNB in the near term while flagging major resistance levels to watch. There is a cluster of practical catalysts helping BNB. For instance, BNB Chain’s auto-burn mechanism recently completed its 32nd burn, removing roughly 1.59 million BNB from circulation, a supply-reducing step bulls say supports higher prices. Then there are institutional and custody moves. Binance has…
Filed under: News - @ August 10, 2025 1:25 am