Market Can Bnb Price Retake $1k In December?

Multiple bullish signals, including a double bottom and falling wedge breakout, are aligning to potentially lift the BNB price toward $1,000 in December.

BNB (BNB) is showing renewed bullish momentum after bouncing more than 13% from a local bottom near $800. It traded above $910 on Wednesday, while eyeing a potential push back toward $1,000.

BNB’s double bottom, falling wedge breakout, and liquidation pressure align to target $1,020–$1,115 in December.

Failure to hold above $900 could invalidate the bullish setup toward $1,000.

BNB’s rebound is supported by a developing double-bottom pattern on the four-hour chart, which has formed near the $800–$820 demand zone.

After printing two similar lows (Bottom 1 and Bottom 2), the price rebounded sharply, suggesting that selling pressure is fading, and dip buyers are stepping in.

The structure typically signals a trend reversal if the price breaks above the pattern’s neckline, which is currently near the $900–$920 resistance range.

A confirmed breakout above this region could open a short-term rally toward $1,020 in December, where the 0.382 Fibonacci retracement line converges.

Failure to hold above the neckline would invalidate the setup, raising the odds of BNB dropping toward its 20-4H (green) and 50-4H (blue) exponential moving averages (EMAs) at around $860.

BNB’s liquidation heatmap on CoinGlass showed roughly $112.28 million in short liquidation leverage near $1,020, suggesting price momentum could accelerate toward that level in December.

Source: CoinTelegraph