BNB Could Spark Major Market Downturn at THIS Level | Today’s BTC Pivot

BNB/USDT

The current trend for BNB doesn’t look very promising. With the price dipping below $255, it confirms another swing failure pattern. The situation doesn’t seem to be improving as a break and close below $225 could make it worse, leading to a drop in price to $132. 

As the most significant risk in crypto present, this is a situation that shouldn’t be ignored. If BNB continues on its downward trend, it could pull the entire market down with it. With so much at stake, it’s clear that keeping an eye on BNB’s price action is crucial in understanding the current state of the crypto market.

BTC/USD

BTCUSD 2023 07 17 20 20 54 BNB Could Spark Major Market Downturn at THIS Level | Today's BTC Pivot

Bitcoin’s recent surge has left traders wondering just how high the leading cryptocurrency can go. While it has yet to top out at the ultimate range high of $32,644, BTC is already nearing the upper end of its current range. Bitcoin remains in a bull flag, consolidating following a substantial move, there’s potential for Bitcoin to break out above the range high level in the coming days. 

For traders looking to make a move, today’s pivot level of $30,777 is the key to watch. A successful break above this level could signal renewed momentum and push Bitcoin higher. With so much excitement surrounding the crypto markets, it’s clear that Bitcoin’s journey is far from over.

Agnico Eagle Mines (AEM:NYSE)

Agnico Eagle Mines 1 BNB Could Spark Major Market Downturn at THIS Level | Today's BTC Pivot

As investors, we are always on the hunt for companies that boast strong financials and the potential for future growth. When it comes to mining precious metals, few companies stand out quite like AEM. With profit margins hovering around 40%, it’s clear that this company is doing something right. 

But what’s even more exciting is the prospect of a sustained rally in gold and silver prices, which could significantly boost AEM’s future earnings. And with the recent results of their study showcasing positive outlooks on their Canadian Malartic Complex, it’s clear that this company is poised for success. As we look ahead, we’re extremely bullish on above $48.00-$49.00, with an upside target of $75.00-$76.00.

Sigma Lithium Corporation (SGML:NASDAQ)

SGML 2023 07 17 20 04 51 BNB Could Spark Major Market Downturn at THIS Level | Today's BTC Pivot

Word on the street is that Elon Musk, the visionary entrepreneur behind the groundbreaking electric car company Tesla, may be eyeing a potential buyout of SGML. It’s easy to see why SGML would be an appealing acquisition target – the company has just been granted environmental operating license for its Grota do Cirilo project, which happens to be the largest hard-rock lithium project in the Americas. But that’s not all – the license also enables SGML to begin producing battery-grade sustainable lithium concentrate. 

For investors, this news could be very bullish indeed. Analysts are already recommending that traders take a bullish position on SGML once it reaches above $35.00-$36.00, with a tantalizing upside target of $58.00-$60.00 on the horizon. Could this be the start of a new era in sustainable energy? Only time will tell.