After reaching its historic maximum in dollars, Binance Coin (BNB) broke a record again. It reached a new high, but this time in Bitcoin.
The feat was joyfully announced by Changpeng “CZ” Zhao, Binance’s CEO. He celebrated the new historic maxim on his Twitter.
“BNB is at an all-time high against Bitcoin. This is phenomenal, ”he said.
On Thursday morning (8), BNB reached the 0.00718 BTC mark, the new historic high in the pair.
In dollars, it reached US $ 414, which is equivalent to about R $ 2.3 thousand at the current price. Both also represent historical maxims for the token.
BNB’s performance in 2021 is impressive. Since the beginning of the year, the token has accumulated 470% appreciation against Bitcoin.
Analysts estimate future highs
While Bitcoin continues to struggle to break its maxims, BNB seems to have no restraint. And given the current scenario, new valuations appear to be closer to Binance’s cryptocurrency.
For Benson Toti, analyst at Cryptojournal, BNB is on the verge of major resistance. The cryptocurrency will now have the $ 415 as a test tier to face.
“If prices cross the $ 415 barrier, the next target could be $ 450. In that case, the main resistance would be in the middle at the Fibonacci level of 127.2%, which is at $ 436,” he explained.
Although the analysis is in dollars, Toti says that the price in Bitcoin may follow the same path. This can occur mainly if Bitcoin continues to stagnate at its current levels.
On the other hand, BNB’s main resistance is now in the $ 400 region. In Bitcoin, the level to be observed is 0.07 Bitcoin. If they are lost, an influx of sales orders can reverse the trend.
A break beyond the trend line and the Fibonacci level of 78.6% (0.0069 BTC) could allow a further decline. In this case, the Fibonacci level of 61.8% (0.0067 BTC) and Fibonacci level of 50% (0.0065 BTC).
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