Bitcoin Price Analysis: Sooner or later, something will trigger Bitcoin bull run, according to Binance CEO

  • World’s largest exchange by volume, Binance, CEO expects a bull run sooner or later.
  • BTC/USD price action has been narrowing, a breakout could very well be right round the corner.


Binance CEO Zhao, speaking to CNBC’s Crypto Trader, noted he expects another bitcoin bull run. occur Noting “Even if I don’t know what will catalyze a bitcoin bull run, I am certain it will happen, sooner or later, something will trigger it."

The Bitcoin price on Tuesday, was seen nursing some minor losses into the second half of the session. BTC/USD continues to show little to no commitment from either camp, bull or bear over the past going on a month.

BTC/USD price action via the daily chart view has been narrowing greatly. It would suggest a breakout in either direction is very fast approaching. Given this type of behavior, typically it would be followed by a chunky move, the question remains just when. Decent buyers could likely be seen on the firm clearance of resistance running from $6400-600 range. Vital near-term support is eyed at $6200-150, then further south $6000 would be tested again to the downside.


BTC/USD daily chart

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin price prediction: All eyes on the $8,530 support line as BTC/USD sinks

BTC/USD is on course for charting three bearish days in a row. The sellers dropped the price of BTC/USD from $8,764.45 to $8,631.70 this Thursday. So far this Friday, BTC/USD has fallen further to $8,601.15.

More Bitcoin News

Altcoin segment: bullish war drums

Sunny King, the creator of the consensus protocol Proof of Stake (PoS), has stated in a recent interview that Bitcoin has a vital role as a reference value in the crypto-verse, but that the highest growth potential is in the Altcoin segment.

More Cryptocurrencies News

ETH/USD hovers around $185.00, vulnerable to further losses

ETH/USD is trading at $185.27 at the time of writing, having recovered from the intraday low of $184.11. The second-largest digital asset with the current market value of $18.8 billion has lost 1.34% of its value since the beginning of Thursday and stayed mostly unchanged on a day-to-day basis. 

More Ethereum News

Ripple price prediction: XRP/USD smashes below critical support of $0.2700 – Confluence Detector

Ripple’s XRP extended thee sell-off to $0.2633 on Thursday. The coin is moving in sync with the market, controlled by bearish sentiments. A sustainable move below $0.2700 support bodes ill for XRP's short-term forecast, making it vulnerable to further losses.

More Ripple News


Bitcoin Weekly Forecast: Bulls wasted their chance

Bitcoin has been oscillating in a depressingly tight range since the beginning of November. Vanishing volatility makes it harder to engineer a decisive breakthrough from the range. 

Read the weekly forecast