Due to the BTC FUD, the market in general was falling, but BNB has remained there resisting the small storm, in this case BTC is recovering, and it is normal that BNB begins its recovery in view of a new price level, at 700usd, maybe a new ATH will be generated if BTC goes into a bullish trend, however this analyst thinks the following:
Bulls are trying to come back to the area around $640. If they can do it, the new peak at $700 should be attained soon.
Source:
https://u.today/btc-eth-xrp-ada-and-bnb-price-analysis-for-may-14The good thing about BNB is that it is under the control of a centralized exchange that has a very good reputation, although it now has a following in the US, I think this can be an incentive for it to continue growing.
You seem to be taking care of us with all your analyses and comments on it!
Concerning BNB I do think the same way as you do. The centralized business backing it and being the biggest exchange is strong point for BNB. What I don't know is whether the current value is still in line with their actual bottom line. Do they publish numbers?
So far I have not seen the numbers, but what you have to be careful for now is extreme care, you have to take into account two things:
1.- BTC is moving towards a recovery, it has risen by + 9.5%.
2.- Normally when BTC starts to rise the alts stagnate a bit, they can go down, you just have to wait.
3.- If the uptrend of BTC is confirmed, it is very likely that the price of BNB will start to grow.
For now many buy in the fall, because they know that it will rise, what is difficult to predict is how long its recovery will take place.