Binance Coin's Market Cap in BTC Terms and Bearish Outlook: Will It Drop to $271?

The writer's opinion is presented and it is not financial advice. The $300 support level was crucial for Binance Coin, but the sellers had the upper hand. Fibonacci extension levels were used to predict future prices. Binance Coin has been in a downtrend since April and the sellers have been dominating the market. The Open Interest has risen, indicating strong bearish sentiment and further losses for Binance Coin.

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