Bitcoin News Today: Binance Coin Hits 6.6% Daily Gain Amid FOMC and Bitcoin Uncertainty

Binance Coin (BNB) faces a pivotal juncture on July 29 as conflicting signals emerge from technical analyses and market forecasts. According to CoinStats, the token has declined by 3.11% in the past 24 hours, with the hourly chart indicating potential support near $815. A break below this level could extend the correction to the $800 range, as noted in analysis from u.today [1]. Meanwhile, broader timeframes show no immediate reversal signs, with the price still recovering from a failed breakout of the $847.12 resistance level. If the daily closing price remains near current levels or dips further, traders may anticipate a test of the $780-$800 range in the coming days [1]. The weekly closure’s proximity to $847.12 will also determine whether the downward trend continues beyond $800.

Conversely, bullish momentum has emerged in recent trading sessions. On July 28, BNB surged to $846 following an intraday breakout, with analysts speculating whether the upward trajectory could reach $880 or consolidate at current levels [2]. CoinCodex projects a monthly trading range of $792.18 to $927.84 for July, averaging $860 [2]. BraveNewCoin highlights a 24-hour rally to $850.78, supported by strong volume, as evidence of renewed buyer interest [3]. CoinGecko data further underscores BNB’s all-time high of $852.10 on July 28, reflecting a 6.6% daily gain and a 46.4% increase since July 2024 [4]. Technical indicators such as on-chain activity and order-book depth suggest potential for a $900 breakthrough, according to BraveNewCoin [3]. CoinCodex analysts have also forecast a target of $908.43 by August 18, a 7% rise from current levels [2].

The price action is intertwined with broader market dynamics. Bitcoin’s brief retest of $119,000 has fueled optimism across crypto markets, indirectly benefiting BNB [2]. However, macroeconomic factors introduce volatility. The upcoming Federal Open Market Committee (FOMC) meeting on July 29 carries significant weight, with the CME FedWatch tool indicating a 96.9% probability of rate stability. Analysts warn that a lack of rate cuts could trigger a pullback in BNB, particularly if crypto markets react negatively to the Fed’s policy stance [5]. FXStreet notes that a $520 million BNB purchase by Windtree Therapeutics occurred on July 26, but this event does not directly correlate with July 29 forecasts [6].

Short-term volatility remains a key concern. CoinLore predicts a 24-hour trading range of $813.92 to $815.32, with an expected close at $815.61 [7]. Watcher.Guru reiterates the risk of a pullback if the Fed maintains a hawkish tone, though the impact on BNB’s trajectory hinges on Bitcoin’s performance [5]. Analysts remain divided on the likelihood of a $1,000 milestone, with Cryptopolitan highlighting a 6.73% 24-hour gain for BNB but cautioning that such a level requires sustained multi-week momentum [8].

The market’s direction will likely depend on two variables: Bitcoin’s resilience and the FOMC’s decision. A sustained upward trend in Bitcoin could propel BNB higher, while a rate hike or hawkish signals may trigger a reevaluation of crypto assets. As of press time, BNB trades at $814.55, with technical indicators and external factors creating a mixed outlook for July 29.

[1] u.today, Binance Coin (BNB) Price Prediction for July 29 (https://u.today/binance-coin-bnb-price-prediction-for-july-29)

[2] Coin, BNB Price Prediction for July 29, 2025 (https://coinedition.com/bnb-price-prediction-for-july-29-2025/)

[3] BraveNewCoin, New ATH at $850.78 Sparks Momentum for Further Gains (https://bravenewcoin.com/insights/binance-coin-price-prediction-new-ath-at-850-78-sparks-momentum-for-further-gains)

[4] CoinGecko, Binance Coin (BNB) Price Data (https://www.coingecko.com/en/coins/binance-coin)

[5] Watcher.Guru, Binance Coin (BNB) Hits 2nd All-Time High In July (https://watcher.guru/news/binance-coin-bnb-hits-2nd-all-time-high-in-july-900-next)

[6] FXStreet, Cryptocurrencies Price Prediction: Bitcoin, PI & Crypto (https://www.fxstreet.com/cryptocurrencies/news/cryptocurrencies-price-prediction-bitcoin-pi-crypto-european-wrap-29-july-202507291223)

[7] CoinLore, Binance Coin Price prediction, Short/Long Forecast (https://www.coinlore.com/coin/binance-coin/forecast/price-prediction)

[8] Cryptopolitan, BNB Price Prediction: Will Binance Coin Break $1000 This Week? (https://partner.cryptopolitan.com/will-binance-coin-break-1000-this-week-sui-sui-and-remittix-rtx-are-also-exploding/)