Bitcoin holds support while BNB flirts with $900
Last Updated on 24 August 2025 by CryptoTips.eu
Bitcoin is trading in a fairly narrow range, despite a bounce from a key support level earlier this week. The price is hovering around $114,000, showing no clear direction for now. Meanwhile, Binance Coin (BNB) continues to impress, pushing toward $900, and some analysts are even speculating whether BNB could eventually reach $10,000.
$BTC Good bounce from support on Friday but we're still in the same range for now.
— Daan Crypto Trades (@DaanCrypto) August 24, 2025
I think most people are best off just waiting for this to break either side of the range.
Obviously there's plenty of short term scalps to be made, especially on alts.
But there's only a handful… https://t.co/M5afrfHqEg pic.twitter.com/9JofdZPoQU
Bitcoin stuck between two key levels
After bouncing strongly from the $112,000 zone, Bitcoin has remained relatively stable around $114,000 in recent days. This level sits in the middle of a wider range that has been tested for weeks. Traders are watching closely to see whether BTC breaks above or falls through support.
According to analyst DaanCrypto, Bitcoin is “still in the same range” despite the recent rebound. He notes that many altcoins currently offer better opportunities for short term trades, while only a few are truly trending right now, such as Ethereum.
The chart shows clear support between $109,700 and $112,000. As long as BTC stays above this range, a move toward $124,000 remains on the table, potentially opening the door to new price discovery.
BNB breaks barriers and looks ahead
Binance Coin (BNB) recently reached a new all time high of $900. This rise is supported by strong fundamentals and a long term uptrend dating back to 2020. The current price is around $858.49, despite a slight 2.62% dip over the last 24 hours.
Some analysts expect a long term move toward $5,000 or even $10,000, as shown in CryptoPatel’s technical analysis. These predictions are based on historical fractals and price patterns, with the zone between $2,100 and $5,000 seen as a realistic target in the coming years.
Volume and chart structure suggest BNB is in an accumulation phase with potential for a new breakout. Whether it reaches five digits will depend on overall market conditions and continued growth of the Binance ecosystem.
