Binance Coin Hits $1,083, Eyes $2,000 as BTC Rally
Binance Coin (BNB) price soared to an all-time high of $1,083 on September 21, driven by Bitcoin’s sustained rally above $115,000 and a technical breakout above the $740 resistance. Analysts now target $1,187 in the near term, with upside to $1,500 and $2,000 if BTC momentum persists. However, BNB futures funding rates have fallen to two-month lows, signaling rising bearish bets. A pullback to the $1,000 psychological level could trigger up to $61 million in liquidations, with key support at $950–$1,000 and $800. Additionally, speculation of a presidential pardon for Binance founder Changpeng Zhao has lifted sentiment. Overall, the convergence of Bitcoin strength, technical structure and positive narratives keeps the outlook for Binance Coin broadly bullish, though traders should monitor potential pullbacks for entry opportunities.
Bullish
Binance Coin’s surge to a new high alongside Bitcoin’s rally and a clear technical breakout above $740 underscores strong bullish momentum. Multiple upside targets at $1,187, $1,500 and $2,000 reflect broad buyer confidence. Although funding rates have dipped and pullbacks to $1,000, $950–$1,000 and $800 may trigger short-term volatility and liquidations, these corrections can offer strategic entry points. Positive sentiment from a potential presidential pardon for Binance’s founder adds a fundamental catalyst. Together, technical strength, Bitcoin correlation and favorable narratives support a bullish outlook for BNB in both the short and long term.