Prominent crypto analyst Jason Pizzino recently shared his forecast for Binance Coin (BNB) in relation to Bitcoin (BTC). The utility coin of the world’s largest crypto-exchange has been trending upwards, and Pizzino believes it could reach its peak soon. He told his 279,000 YouTube subscribers that a potential reversal could result in a two-year downtrend for BNB/BTC.
At the time of writing, BNB/BTC was trading at $0.13784 BTC ($230). Pizzino argued that since its launch in 2017, BNB has had a clear bullish or bearish tendency against Bitcoin. He noted that there was a peak in June 2019 following a macro low, and since then, the pair has dropped for 21 months until January 2021.
The analyst suggested that if the current cycle is repeated, BNB/BTC could find a bottom in August or September of 2024. He concluded by telling his viewers to remain vigilant in their crypto trading and not to miss any important updates.
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