Renowned Analyst Forecasts Significant Upswing for Binance Coin (BNB) and Possible Market Downturns

The anonymous crypto analyst known as ‘Jack’, who is closely followed, predicts a swift upward surge for Binance Coin (BNB), the native service token of the giant crypto exchange Binance. The analyst adds that this movement will most likely be triggered by bears trading with the expectation that the service token will continue to fall. Prediction of Over 50% Collapse for BNB Anonymous crypto analyst Jack states that BNB, which is trading at a point close to the $230 support, is likely to make a leap. According to the analyst, the bears are piled up on the fourth largest altcoin by market value, and this accumulation will likely serve as fuel for a short squeeze: Short squeezes seen after the supply zone in the low range cannot be crossed have been opportunities to take positions so far, and shorting the low range puts you at risk of a short squeeze. […] The post Renowned Analyst Forecasts Significant Upswing for Binance Coin (BNB) and Possible Market Downturns appeared first on COINTURK NEWS.