BNB (BNB) Forms Bullish Pattern on Daily Chart Despite Low Whale Activity

BNB is preparing to break above its upper boundary as its price is trading within a symmetrical triangle pattern. Meanwhile, Bitcoin's ongoing correction

BNB is preparing to break above its upper boundary as its price is trading within a symmetrical triangle pattern on the daily chart. Meanwhile, Bitcoin's ongoing correction phase is frustrating investors.

BNB price analysis for January 2: Upper boundary breakout imminent

BNB has formed a stable support at $700 despite its ongoing correction, making analysts predict a potential rally in early 2025. If the broader crypto market witnesses high capital inflows after Trump re-enters the White House in January, BNB’s price could surge towards the upper resistance level at $850. These predictions are fueled by BNB’s symmetrical triangle formation on the BNB/USDT daily chart which typically precedes an explosive rally.

BNB is currently trading for $691.47 after an intraday decrease of 1.76%. This crash can be attributed to BNB’s low whale activity as the token’s Futures Open Interest has dropped to $433 million during this week. BNB’s outlook in 2025 still depends on whether Binance Chain can resolve its regulatory disputes and regain investor confidence.

BNB's symmetrical triangle formation on the daily chart (TradingView)

Bitcoin price analysis: Buyers fail to gain dominance despite optimistic predictions

Bitcoin began the new week with a massive selling pressure that stunted its momentum as euphoria fizzled out in late December. Bitcoin bulls are striving to defend the $95,000 support level while on-chain data hints at a high chance of Bitcoin’s price crashing to $60,000 soon.

Investors have already transferred more than 33,000 Bitcoin tokens from their wallets to exchanges during the previous week, probably anticipating a bearish downturn. Bitcoin holders also realized $7.17 billion in profits on December 23, confirming the ongoing downward momentum.

Despite the bearish outlook, many analysts still hold the stance that Bitcoin won’t crash as much as expected. One market expert pointed out that Bitcoin is currently completing its third Elliott Wave count, with a target of $127,000 after completing this correction phase. Bitcoin is also trading above its key Exponential Moving Averages, suggesting some market resilience despite the market downturn.

Top gainers and losers among the biggest coins on the crypto market over the last 24 hours (CoinMarketCap)

Remittix Fuels Global Crypto Adoption with Blockchain-Powered PayFi System

As the crypto market recovers from a bearish 2023 and Bitcoin price soars to a new high of $200K, we can expect to see a massive influx of new users into the digital asset space. This will make PayFi ecosystems, such as Remittix, an invaluable asset in the market.

Remittix enables users to perform seamless cross-border transactions by leveraging the latest blockchain technology. The platform allows users to convert any cryptocurrency into fiat and send the money to a local bank account in 20+ different currencies. This makes it easier for new and experienced traders alike to reap real benefits from the soaring crypto market.

Remittix is essentially bridging the gap between crypto and fiat currencies by offering a secure way to transfer funds. With Ethereum’s ERC-20 blockchain, Remittix stores all financial data on-chain. In addition, all transactions made on Remittix are processed via smart contracts that have passed a comprehensive BlockSAFU audit. With these security protocols, Remittix protects users against third-party manipulation and ensures that every transaction is 100% slippage-free.

Another issue that Remittix solves is the high fees on cross-border transactions, especially when it comes to depositing money into a bank account from crypto. To solve this problem, Remittix uses local payment networks to complete the final leg of the transaction. This allows the platform to charge a minimal fee on every transaction and completely remove any additional costs for foreign exchange or wire transfers, making Remittix the most cost-efficient banking platform in the market.

Now is the ideal time to get involved in the Remittix presale, especially considering that the $RTX token is still available for only $0.0163. This gives traders the perfect opportunity to load up on this revolutionary project before it skyrockets with global adoption in 2025.

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Join Remittix (RTX) Presale

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