BNB Is Seen Rising Towards $700 in a Couple of Weeks
Binance Coin (BNB) is down 6.3% this week to $613.6, outperforming the broader crypto market, where Bitcoin (BTC) has dropped 9.7% to $86,400. BTC bulls appear to have capitulated, with prices plunging to $82,220—the lowest since November 11. Spot Bitcoin-ETFs reported daily outflows of $1.0 billion, adding to the selling pressure. However, BTC has not yet tested the key support zone at $79,000-81,000.
Despite the broader market downturn, Binance Coin is showing relative strength compared to other altcoins, signaling potential resilience. If Bitcoin stabilizes or rebounds, BNB could outperform to the upside. The $550 level may serve as strong support, while the next upside target is set at $700.
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