The crypto space is bleeding again, now with the new FUD on Binance, the world’s largest exchange. Meanwhile, the Bitcoin price is showing some strength, as the Ethereum price has slipped slightly lower. However, the focus was on Binance Coin (BNB), which has plunged nearly 20% since the early hours of trading. However, the circulating Binance FUD is expected to be the final event that shook the entire crypto space.

A popular analyst tunisia.eth, believes that the crypto markets could have been in the last phase of the cycle, in which the trader is not focused on buying altcoins. Also, the shift in focus would go back to the top 2 cryptos, Bitcoin and Ethereum. This may further trigger a new BTC price rally that will be followed by the ETH price.

Analyzing the Bitcoin chart, the analyst says that the price may drop to the lower support around $10,000.

“There’s probably infinite supply below 10K that naturally gets the upper hand. We can imagine BTC hovering around 10K would start to look like maybe it’s all over, the kind of sentiment we need to bottom out.”

Coming to Ethereum, the analyst believes that the lower support could be around $1000.

“The only number that really matters to me is $1,000. Anything under $1000 is a great long-term buy and should serve as a place where accumulation occurs.”

Moving on to BinanceCoin, he says that the BNB price of $190 to $250 is like the BTC price during 2018 at around $6000, and breaking these levels could be the final capitulation phase.

“The $190-250 BNB range is essentially the 2018 bitcoin 6k price floor. Breaking this price floor should provide this market with its final capitulation. Squiggle is just a prediction, the breakout of the trend line is what you should expect before taking any chances at all in my opinion.”

Lastly, referring to Dogecoin, the analyst finds it to be the cleanest chart within the crypto space and believes that DOGE has the potential to revolutionize micropayments.

“Probably the cleanest graph in crypto, right now it’s an Elon Musk social token, it has the potential to be revolutionary for micropayments. Your grandchildren won’t believe you could buy a doge for less than a nickel. Easiest retention in crypto”,





This post BTC, ETH, BNB and DOGE prices may find their bottom in 2023! Is ‘Binance FUD’ the Final Capitulation Phase of 2022?

was published first on https://coinpedia.org/price-analysis/btc-eth-bnb-and-doge-prices-may-find-their-bottoms-in-2023-is-binance-fud-the-final-capitulation-phase-of-2022/

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