• Latest
  • Trending
Crypto Analyst Justin Bennett Predicts Reversal Scenarios for Bitcoin and One Enterprise Blockchain Altcoin

Crypto Analyst Justin Bennett Predicts Reversal Scenarios for Bitcoin and One Enterprise Blockchain Altcoin

December 20, 2021
Bitcoin Price Today Rises Near $48,000; Ether, Cardano Slightly Up, Know Crypto Rates

Bitcoin Price Today Rises Near $48,000; Ether, Cardano Slightly Up, Know Crypto Rates

January 5, 2022
BitYard Integrates 80+ Chainlink Price Feeds for Enhanced Price Accuracy and Stability – Press release Bitcoin News

BitYard Integrates 80+ Chainlink Price Feeds for Enhanced Price Accuracy and Stability – Press release Bitcoin News

December 20, 2021
Here’s what global CEO’s think about cryptocurrency

Millennial millionaires plan to make more cryptocurrency investments in 2022: Survey

December 20, 2021
Tesla Motors, Inc. (NASDAQ:TSLA), Dogecoin – United States Dollar (CRYPTO:$DOGE) – Elon Musk Says This Is How Much He Would Pay In Taxes This Year

Tesla Motors, Inc. (NASDAQ:TSLA), Dogecoin – United States Dollar (CRYPTO:$DOGE) – Elon Musk Says This Is How Much He Would Pay In Taxes This Year

December 20, 2021
Former Argentina President Calls Ethereum Most Innovative Technology

Former Argentina President Calls Ethereum Most Innovative Technology

December 20, 2021
DeFi protocol Grim Finance lost $30M in 5x reentrancy hack

DeFi protocol Grim Finance lost $30M in 5x reentrancy hack

December 20, 2021
Need to Explain #Litecoin at #Thanksgiving? – Latest Tweet by Litecoin

@LinkSemper – Latest Tweet by Litecoin

December 20, 2021
BREAKOUT COMNG SOON! – RIPPLE XRP PRICE PREDICTION! – RIPPLE XRP 2021 – RIPPLE ANALYSIS

BREAKOUT COMNG SOON! – RIPPLE XRP PRICE PREDICTION! – RIPPLE XRP 2021 – RIPPLE ANALYSIS

December 20, 2021
An LTC Move Back to $150 Should Support ETH and XRP

An LTC Move Back to $150 Should Support ETH and XRP

December 20, 2021
Avalanche eyes 60% rally as AVAX price breaks out of bull flag

Avalanche eyes 60% rally as AVAX price breaks out of bull flag

December 20, 2021
Travel Co Travala.com Accepts Bitcoin Payments

Travel Co Travala.com Accepts Bitcoin Payments

December 20, 2021
Puerto Rico plans to combat corruption with blockchain

Puerto Rico plans to combat corruption with blockchain

December 20, 2021
Whales Control 94% of All ADA Supply | Only 10% of Wealthiest Cardano Addresses

Whales Control 94% of All ADA Supply | Only 10% of Wealthiest Cardano Addresses

December 20, 2021
Breaking down Resistance at $48,500 Remains Key for the Bitcoin (BTC) Bulls

Breaking down Resistance at $48,500 Remains Key for the Bitcoin (BTC) Bulls

December 20, 2021
City employees could see cryptocurrency payroll conversion options next year, first in nation

City employees could see cryptocurrency payroll conversion options next year, first in nation

December 20, 2021
Tuesday, August 9, 2022
The Crypto Dirt
  • Home
  • Cryptocurrency
  • Blockchain
  • DeFi
  • NFT
  • Bitcoin
  • Ethereum
  • Altcoins
    • Cardano
    • XRP
    • Litecoin
    • Chainlink
  • Shit Coins
    • Dogecoin
  • Exchanges
No Result
View All Result
No Result
View All Result

Crypto Analyst Justin Bennett Predicts Reversal Scenarios for Bitcoin and One Enterprise Blockchain Altcoin

by TheCryptoDirt.com
December 20, 2021
in Altcoin
0

[ad_1]

Carefully adopted crypto analyst Justin Bennett is predicting how Bitcoin and another altcoin will reverse out of their corrections and again into bull territory.

Bennett tells his 95,0000 followers on Twitter that Bitcoin might type a double backside construction after retesting its December 4th lows close to $40,000 earlier than launching a rally above $60,000.

“I’d nonetheless prefer to see BTC fill that Dec. 4th wick.

Perhaps one thing like this…”

Image
Supply: Justin Bennett/Twitter

In a brand new video, Bennett says explains why he’s nonetheless bullish on Bitcoin even when it strikes beneath the important thing psychological stage of $40,000.

“So mainly the 2 situations the place I’d be a purchaser can be a retest of $40,000 down right here or a reclaim of $53,000. I’ve not against the thought of a transfer beneath $40,000. I do know lots of people are saying if Bitcoin drops beneath $40,000 it’s very bearish. I don’t essentially consider that simply because, sure we might lose this low [from December 4th], and also you wish to see larger highs and better lows.

I get that. You wouldn’t wish to see the market shut beneath $40,000. Nonetheless, even when we get a retest of $35,000, it’s a must to perceive that again right here too (early 2021), you would have stated the identical factor.”

In line with Bennett, Bitcoin carved decrease highs and decrease lows between April and Might this 12 months however BTC remained long-term bullish.

“However as an alternative, we acquired a brand new all-time excessive. So clearly, that wasn’t the case. And to me, I see $40,000 as a really comparable state of affairs.”

Bennett additionally has his eye on provide chain-focused blockchain VeChain (VET). The analyst says that VET might reverse its pattern after a tough bounce across the $0.08 stage, the place he says a protracted ascending pattern line sits.

“Usually, you want some sort of technical catalyst, and for me, that might be a check of this pattern line. So it will be seeing VET come again right here in direction of this space, check it as assist, after which we get that transfer larger in 2022. With out that, we actually don’t have that arduous reset that we would wish to see larger costs subsequent 12 months.”

O

Verify Price Action

Do not Miss a Beat – Subscribe to get crypto e mail alerts delivered on to your inbox

Comply with us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Every day Hodl are usually not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any loses chances are you’ll incur are your duty. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please be aware that The Every day Hodl participates in affiliate marketing online.

Featured Picture: Shutterstock/Blue Planet Studio

YOU MAY ALSO LIKE

Avalanche eyes 60% rally as AVAX price breaks out of bull flag

5 times crypto traders were warned before their assets tanked



[ad_2]

Source link

Tags: altcoinAnalystBennettBitcoinBlockchainCryptoEnterpriseJustinpredictsreversalScenarios
ShareTweetShare

Search

No Result
View All Result
  • Privacy & Policy
  • About Us

© 2021 The Crypto Dirt  

No Result
View All Result
  • About Us
  • About Us
  • Attribution
  • Contact
  • Contact Us
  • Exchanges
  • Home
  • NFT
  • Privacy & Policy
  • Shit Coins

© 2021 The Crypto Dirt