Binance Coin Price Analysis: Since last weekend, the cryptocurrency market has seen a significant surge in bullish momentum, with Bitcoin prices climbing above $62,000. Analysts attribute this rally to reduced supply pressure following the German government’s sale of BTC and the survival of former U.S. President Donald Trump after an assassination attempt. As the recovery momentum spread to the altcoin market, the Binance coin price analysis showcased a fake $500 breakdown to lure more buyers into the market.