Can the BNB price return to the $1,000 mark in December?

BNB (BNB) is regaining bullish momentum after recovering more than 13% from its short-term low around the $800 mark. In Thursday’s trading session, BNB price surged above $910, sparking expectations for a breakout move back to the psychological $1,000 region in the near future.

BNB/USD Daily Chart | Source: TradingView## Double Bottom Pattern Forecasts BNB Surpassing $1,000

BNB’s recovery is being reinforced by a double bottom pattern formed on the 4-hour timeframe, with a key bottom located in the demand zone of $800–$820. The consecutive formation of two similar bottoms (Bottom 1 and Bottom 2) followed by a strong rally indicates a clear weakening of selling pressure, while dip buyers have returned to the market.

BNB/USD 4-Hour Chart | Source: TradingView Theoretically, a double bottom structure usually signals a trend reversal when the price successfully breaks above the “neckline” (neckline). Currently, BNB’s neckline sits within the $900–$920 resistance zone—a crucial area for the short-term trend.

If BNB convincingly breaks above this resistance, the price will likely open a short-term rally toward $1,020 in December, coinciding with the 0.382 Fibonacci retracement level. Conversely, in a bearish scenario, if the price fails to hold above the neckline, the double bottom setup will be invalidated, increasing the risk of BNB correcting back to the support area containing the 20-4H EMA (green) and 50-4H EMA (blue) near the $860 mark.

Short Liquidation Cluster Suggests $1,020 Target for BNB

BNB’s liquidation heatmap on CoinGlass shows about $112.28 million in leveraged short positions heavily concentrated around the $1,020 area—a signal that price could be drawn toward this region in December.

BNB/USDT Liquidation Heatmap on Binance (1 month) | Source: CoinGlass This tool highlights “hot spots” where leveraged traders are at risk of being forced to close their positions. In the current context, most traders appear to be betting on a downside scenario for BNB, despite the recent recovery.

However, if the price continues to rise along with broader risk asset recovery expectations, short positions could quickly move into loss territory and potentially be automatically closed by the exchange.

When short positions are liquidated, forced buying occurs, adding upward pressure on price. This dynamic could serve as a short-term catalyst, pushing BNB toward the “liquidation cluster” around $1,020.

Falling Wedge Breakout Strengthens BNB’s Recovery Prospects

BNB has just posted a key technical breakout by escaping a falling wedge pattern that persisted for several weeks—a structure that typically signals a potential bullish reversal after a strong sell-off phase.

BNB/USDT 4-Hour Chart | Source: TradingView On the 4-hour timeframe, the price decisively broke above the upper downtrend line of the pattern at the end of November, before slightly pulling back to retest this area as new support. This “breakout–retest” action is a confirming move, usually paving the way for more sustainable price growth.

The successful bounce from this zone shows strong buying interest returning, helping the bulls gradually reclaim control of the market.

According to the measured target of the wedge pattern, BNB is likely to aim for the $1,100–$1,115 region in December, provided the current breakout momentum is maintained. More optimistically, trader CryptoBull_360 even expects BNB could reach $1,300 or higher.

Source: X Nevertheless, risks remain if the price reverses and closes back below the former resistance zone that has turned into support. In that case, the bullish structure will weaken, the risk of a “bull trap” will increase, and the recovery above $1,000 could be delayed.

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