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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Price Forecast: BTC sandwiched between strong resistance and support levels

The BTC/USD bulls took back control following this Friday’s bearish correction. The price is currently consolidating inside the ascending triangle formation. The buyers must attempt to break past the downward trending line to break above the triangle. 

More Bitcoin News

Ethereum Price Analysis: ETH faces strong resistance wall at $360

Ethereum sees a steady rise in activity and market capitalization, all thanks to the ongoing DeFi boom. The coin bounced up from the $320 support line this Thursday and has gone up to $350 over three days. 

More Ethereum News

Neo Price Prediction: NEO faces downward pressure as investors prepare to “sell the news”

Flamingo Finance is a full-stack DeFi protocol built on NEO. Binance has recently announced a new Launchpool that included FLM tokens, set to launch on September 27. 

More NEO News

Ripple Price Forecast: XRP flashes sell signal in the hourly chart – Confluence Detector

XRP/USD has had three straight bullish sessions. XRP daily confluence detector shows moderate-to-strong resistance at $0.245. On the downside, there are two healthy support levels at $0.2425 and $0.24.

More Ripple News


Bitcoin Weekly Forecast: Keep calm and HODL on until the USA elects the president

Bitcoin (BTC) partially regained the losses incurred at the beginning of the week; however, the upside momentum is still too weak to take the price out of the bearish territory and ensure a sustainable recovery. 

Read the weekly forecast