According to Mihir (@RhythmicAnalyst), BNB experienced a peak in 2021 followed by a 70% correction during Bitcoin's bear trend in 2022. The cryptocurrency found its bottom in December 2023, aligning with Bitcoin's bottom, where a blue line on the chart served as trend support. This line is now considered a critical support level for BNB's price movement.

According to Mihir (@RhythmicAnalyst), prematurely labeling BTC as being in a bear trend before it breaks trend lines is a mistake. He stresses the importance of either learning good technical analysis (TA) or following those who do, highlighting the need for accurate TA in trading decisions. #BTC $BTC #Crypto #Bitcoin