Top Crypto Analyst Predicts Big Move For Binance Coin (BNB) On Bitcoin (BTC) Chart Here’s The Outlook

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Popular analyst Jason Pizzino claims that Binance Coin (BNB), the utility token of the world’s largest crypto exchange, is likely heading for a trend reversal on the Bitcoin (BTC) chart.

Pizzino tells his 279,000 YouTube subscribers that Binance Coin has potentially topped against Bitcoin (BNB/BTC) after the pair’s nearly two-year bull run.

According to Pizzino, the impending reversal could trigger a multi-year downtrend for BNB/BTC.

“We have just started our first major month of setting up a potential top here on BNB/BTC. And it could last two years from then.

Source: Jason Pizzino/YouTube

BNB/BTC is trading at 0.013784 BTC at the time of writing ($230).

The popular analyst also says that BNB has displayed clear bullish and bearish trends against Bitcoin since the pair launched in 2017.

“[From July 2017], 21 months until the April 2019 peak. We know that Bitcoin also peaked around June 2019 from that time. So that was rallying as Bitcoin was also rising after that macro low, after that cycle low.

[BNB] then fell for 21 months against the BTC value, until January 2021 and has since reached the last high of November 2022. So no one can say that this is not a clear bullish and bearish trend over 21 to 22 months.

According to Pizzino, BNB/BTC will likely end its downtrend by the third quarter of 2024 if the pair continues to repeat its cycle.

“If this happens again, we have 22 months or 21 months to get us around August 2024. And if we wanted to go out during those 22 months, then it will be around September 2024.

So around August or September 2024, this [BNB/BTC] graph can find a bottom.

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