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Binance Coin price sees rise to $12.50: what’s next?

Binance Coin price sees rise to what s next

The Binance Coin price line was seen gradually inclining on the price chart for the 19th of March. The coin rose towards the $12.50 level towards the end of the day, while it traded with a day’s range of $11.9287514 — $12.6887469.

profitable_Meduza is a trading view analyst who believes that currently the BNBUSD pair is under a fight between the bears and the bulls.

1-Day Binance Coin Price Analysis (19th March)

Binance Coin Price Chart

Binance Coin Price Chart by TradingView

The coin was seen trading near the $10.50 mark on the start of the day. The coin saw a gradual increase in price until after the 16:15 GMT when the price line was subjected to a bullish momentum that led the coin across the $12.50 level. The cryptocurrency closed the day with a trading value of $12.3336586 US Dollars. At the time of writing, the BNBUSD pair trades at $12.2530020 US Dollars.

Binance Coin: Will it beat the bears?

profitable_Meduza is of the opinion that the BNBUSD pair is under a fight between the bulls and the bears, and if the cryptocurrency is seen rising above the $16 mark, it is very likely that the bulls will remain active till the coin reaches $24.

Binance Coin Featured Price Chart

Binance Coin Featured Price Chart by TradingView

The crypto analyst also noted that BTC crosses $7500 to be strong on bulls and long positions. However, this may not be possible in a single day.

Featured Image by Jason Briscoe.

Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan holds no liability towards any investments based on the information provided on this page.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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