A renowned cryptocurrency analyst, Bluntz, has forecasted a significant rally for BNB, the utility token of the BNB Chain. Bluntz believes BNB will reach $1,000 or higher, representing a 71% gain from its current price of $700.
Bluntz’s analysis suggests a five-wave pattern, where BNB could potentially reach $1,200. The analyst’s prediction is based on the Elliott Wave theory, which proposes that asset prices move in five-wave patterns during an uptrend.
Ethereum’s Outlook
Bluntz also commented on the Ethereum/Bitcoin (ETH/BTC) pair. After a period of decline, Bluntz believes the downtrend has ended and predicts a potential upward move.
Disclaimer
The views expressed by Bluntz and other analysts are not investment advice. Investors should conduct their own research before making any financial decisions.
