Cryptocurrencies Price Prediction: BNB, ImmutableX & Bitcoin — Asian Wrap 19 September

FXStreet Team FXStreet

BNB Price Forecast: BNB hits new all-time high at $1,006, bulls eye $1,200 next

BNB (BNB), formerly known as Binance Coin, steadies above $980 at the time of writing on Friday after notching a fresh all-time high (ATH) at $1,006. Strength across on-chain metrics and derivatives markets signals sustained bullish momentum, with BNB traders now eyeing the $1,200 milestone as the next major upside target.

Crypto Gainers: ImmutableX hits eight-month high, Near Protocol and Avalanche rally

IMX edges higher by 10% at press time on Friday, advancing the uptrend for the fourth consecutive day. The uptrend has surpassed the 50% retracement level of the range from the December 4 high at $2.250 to the June 22 low at $0.335, at $0.868. This breakout puts the 61.8% Fibonacci level as the immediate resistance at $1.087. If the IMX rally surpasses this level, it could extend to the 78.6% Fibonacci retracement level at $1.497.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP gear up for a fresh rally

Bitcoin price broke above the 50-day Exponential Moving Average (EMA) on September 10 and rallied 2.43% over the next six days, closing above the $116,000 resistance level on Tuesday. BTC faced a slight rejection on Wednesday, retested, and found support around $116,000, rallying slightly the next day. At the time of writing on Friday, it trades at around $117,000. If BTC continues its upward momentum, it could extend the rally toward the psychological level of $120,000.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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