Crypto Daily – If ($BTC) is able to break out of its bull flag, the resulting influx of capital into the cryptocurrency space as a whole could be huge, sparking the altcoin season of this bull market. That said, so far, there are few altcoins that are outperforming $BTC. However, $BNB, $SOL, and $RENDER are prominent among them.
up 80% since December 2023
Source: TradingView
($BNB) has been in an uptrend against $BTC since early 2021. However, after the bull market top in November 2022, the BNB/BTC price did bleed severely in favour of $BTC over the entire bear market, as was the case for all altcoins.
Nevertheless, since early 2023, the trend has been up in favour of $BNB once again, with an 80% gain so far.
As can be seen from the chart above, the $BNB price is consolidating above the first of the Fibonacci levels (0.236). Targets above are the 0.382 Fibonacci at 0.01BTC, and then the 0.618 Fibonacci at 0.014BTC, with the 0.786 Fibonacci…
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