Traders are talking more about Binance Coin after a bold call from analyst Crypto Patel. His latest take is simple but aggressive: the BNB price has confirmed a bull flag breakout on higher timeframes, and the long-term target sits at $5,000.
That number immediately grabs attention. But the chart he shared tells a more structured story than just a headline target.
On the weekly chart, the BNB price appears to have broken out of a long consolidation structure that followed its previous cycle high. The pattern resembles a classic bull flag, a strong impulsive move upward, followed by a multi-month pullback and tightening range.
The recent move above that compression zone is what Patel considers confirmation.
Historically, bull flags on higher timeframes tend to resolve in the direction of the prior trend. In this case, that prior trend was a massive expansion phase that took BNB from double digits to hundreds of dollars.
The breakout zone around the $600-$700 region is now acting as a major support level. As long as the asset is trading above this structure, the bullish thesis holds true.
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Support Zones and Accumulation Areas For BNB
The chart also highlights layered support beneath current price. There is a marked support zone around the mid-$500s, with a deeper “best accumulation zone” sitting closer to the low $400s if a broader market pullback occurs.
That matters because even strong trends retest breakout levels. A test of the BNB price at the breakout zone and the ability for buyers to hold above it will only add more conviction to the breakout. Holding above the previous resistance is generally a good thing.
Below that, the long-term invalidation would require a deeper structural breakdown, something that is not currently visible on the higher timeframe view.
Can Binance Coin Price Hit $5,000
The projection toward $5,000 is not random. The chart outlines staged upside targets: first reclaiming previous highs, then pushing into expansion territory.
If momentum builds and BNB clears the prior cycle high decisively, price discovery could accelerate. In previous cycles, the BNB pricehas delivered exponential moves once structure shifted from consolidation into expansion.
A push towards the $5,000 region depends on the growth of the ecosystem, dominance in exchanges, and overall crypto market participation. It would also likely coincide with a larger bull cycle.
It’s an ambitious target, but it’s being framed within a long-term breakout structure, not a short-term trade.
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The Psychology Angle
Patel’s broader message focused less on the number and more on behavior. He argues that most traders sell into fear during crashes and buy into excitement near tops.
The market, in his view, rewards positioning during consolidation phases, not emotional reactions during volatility spikes.
Whether or not the BNB price reaches $5,000, the structure right now is what matters. The breakout is confirmed on higher timeframes. The key is whether the market can hold above the breakout zone and build from here.
For now, BNB remains above critical support, and the long-term chart favors upside continuation unless proven otherwise. As always, bold predictions require patience. And in crypto, nothing is guaranteed.
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