Binance Coin price sees rise to $12.50: 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.

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