The post Peter Brandt Predicted BNB Price All-Time High: What’s Next? appeared on BitcoinEthereumNews.com.

Peter Brandt made a bold prediction earlier this week, forecasting that Binance Coin (BNB) price would reach new all-time highs. As of today, his prediction has proven to be accurate, with BNB price surpassing its previous record price and hitting a new peak. This surge marks a significant moment in the asset’s price history and has drawn the attention of both analysts and holders. Peter Brandt’s BNB Price Forecast Peter Brandt shared a tweet showing a chart that highlighted the potential for BNB price to break through its previous resistance levels. According to the chart, BNB had recently retested the same price levels it had reached in 2021 and 2022, before falling short. Brandt suggested that the coin was poised for a breakout. At the time, BNB was trading at around $742.63, and Brandt’s tweet indicated that new all-time highs were within reach. By the end of the day, BNB had surged to a price of $793.35, setting a new all time high. As of press time, the BNB price had slightly pulled back to $729.15, but the coin is still above its previous all-time highs. Binance Coin Price Action and Market Sentiment The recent rally of BNB price to a new all time high represents more than just a simple price increase. After being confined within a narrow trading range for over 1,350 days, Binance Coin has finally broken out, driven by substantial trading volume. This breakout has drawn positive attention from analysts, many of whom are now projecting that BNB could see further gains in the coming months. Some analysts have even predicted that the coin could rise by 100% to 200% from its current price, potentially reaching a new peak of $1,500 or more. $BNB has recently surged past a 4-year trading corridor. After being confined within…

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Filed under: News - @ December 5, 2024 3:26 am