Bnb Price Prediction: Binance Coin Hits New All-Time High Of $1,000 As Cz Calls For “Next 10,000X Together” – What’s Truly Next?

What Happened

Notably, a long-term investor’s $1,000 BNB investment from 2017 reached over $1 million in value, representing a 1,000-fold return over eight years.

Market Context

BNB price prediction scenarios gained momentum as Binance Coin crossed $1,000 for the first time, achieving a new all-time high of $1,005 while pushing its market capitalization near $140 billion.

The historic milestone prompted former CEO Changpeng Zhao (CZ) to declare “To the next 10,000x together” after witnessing the token’s journey from $0.10 ICO price eight years ago.

The wider crypto market gained approximately 3% following the Federal Reserve’s anticipated 25 basis point rate cut.

BNB also reclaimed its position as the fifth-largest cryptocurrency by market capitalization, edging past Solana with its $140 billion valuation.

Why It Matters

Technical analysis reveals BNB completing a five-wave Elliott Wave structure with Fibonacci projections targeting $1,200 as the next major resistance level.

The breakout coincides with reports of Binance nearing a deal with the U.S. Department of Justice to potentially end court-appointed monitoring requirements from its 2023 settlement.

Details

DOJ Settlement Resolution Fuels Institutional Confidence

Binance is reportedly negotiating with the U.S. Department of Justice to eliminate its court-appointed monitor requirement from the $4.3 billion 2023 settlement for anti-money laundering violations.

Federal prosecutors are discussing ending the three-year oversight obligation that has operated since the compliance agreement.

The Trump administration has already terminated monitors for three companies appointed during the Biden era, including two Glencore units that accumulated $142 million in combined oversight costs.

Enhanced compliance reporting requirements would replace external monitoring before DOJ approval.

CZ changed his Twitter bio from “ex-binance” back to “@binance,” sparking speculation about a potential leadership return.

While no official indication exists regarding his reentry into operations, the crypto community views the narrative as momentum-building for BNB’s continued advance.

The milestone coincides with growing institutional interest as digital asset treasuries (DATs) focus on high-quality assets with proven utility and revenue generation.

Elliott Wave Completion Points to $1,200 Target

BNB’s 4-hour chart displays completion of a five-wave Elliott Wave impulse sequence from July lows around $400.

According to MoreCryptoOnline analyst, the wave structure shows clear progression through waves 1-5, with the recent explosive move representing completion of wave 5 in a larger degree impulse pattern.

Fibonacci extension levels provide crucial upside guidance, with the 23.6% extension at $962 already achieved and current consolidation around $994.

The 50% extension projects toward $1,200, representing approximately 20% upside from current levels with a strong technical foundation.

The golden zone between $764-832 represents deeper retracement levels should a significant correction materialize.

However, the $918 level serves as immediate support for trend continuation, aligning with the analyst’s noted crucial support threshold.

Sub-wave markers indicate potential for further subdivision if current consolidation evolves into more complex corrective patterns.

The overall structure remains bullish for higher degree targets despite potential near-term consolidation following the historic breakout achievement.