As per Crypto Strategist Kaleo Binance Coin (BNB) and Bitcoin Cash (BCH) are flashing bullish signals. A widely followed crypto strategist is getting crypto bullish signals from two popular altcoins amid relatively calm price action for the markets.
Crypto bullish signals
Starting with Binance Coin (BNB), the crypto strategist Kaleo tells his 593,300 Twitters followers that the native token of the Binance Smart Chain is a bargain at a price of below $250. According to crypto strategist Kaleo’s charts, Binance crypto is showing bullish signals and the crypto coin could revisit the $300 price level and potentially hit the April high of slightly above $340, end of 2023.
“BNB back to $300, but you wouldn’t ‘bullieve’ it”, he said. Binance crypto coin is trading at $248 at time of writing.
The pseudonymous crypto strategist says that crypto bullish signals are seen in Binance, though currently it is receiving little attention, but that will change once it surges. “The funny thing is, no one is talking about BNB right now, but, when it finally does take off here in a bit it’s big enough that EVERYONE will be”. And everyone will talk about how obvious it was in hindsight. But, somehow it isn’t obvious now.”
Next up is Bitcoin Cash (BCH). Crypto strategist, Kaleo says that when paired against Bitcoin (BTC), crypto bullish signals are seen more in Bitcoin Cash and it many have more upside potential.
“After sitting on the sidelines for a few days, I punted another BCH long. Really like the way it’s looking vs. BTC here for the potential of seeing one last leg higher.”
Bullish crypto coins
The crypto strategist is getting crypto bullish signals and is optimistic about Binance Coin (BNB) and Bitcoin Cash (BCH). He believes;
- BNB could reach $300 or even $340 by the end of 2023.
- BCH has seen a surge of 140% in less than a month and has more potential for growth when compared to Bitcoin.
The strategist predicts that both coins will gain more attention in the future.
A bit about Bitcoin
Though Bitcoin slipped on Thursday, it continued to trade in a range that has dominated for weeks but exhibiting a trend in price action that may signal more gains ahead.
The price of Bitcoin has fallen less than 1% over the past 24 hours to $30,500. But the price action in Bitcoin may actually be a positive sign, an indicator that markets are bracing for the next bullish surge.
Some more crypto coins
Beyond Bitcoin, Ether the second largest crypto lost less than 1% to $1,875. Smaller cryptos or altcoins were weaker, with Cardano down 2% and Polygon retreating 1%. Memecoins were muted, with Dogecoin and Shiba Inu shedding less than 1% each.
Trading update
Bitcoin Cash is trading for 0.00926000 BTC ($218.19) at time of writing. The 15th-largest crypto asset by market cap has surged by around 140% in less than a month from a June low of 0.00386000 BTC ($117.21).
