Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13105
Markets: 101189
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
13105
Cryptocurrencies
60.37%
Bitcoin Share
The Daily Hodl 2024-12-19 20:55:04

Analyst Justin Bennett Issues Bitcoin Alert, Says BTC Headed Lower if Bulls Lose Momentum – Here’s His Target

Analyst Justin Bennett Issues Bitcoin Alert, Says BTC Headed Lower if Bulls Lose Momentum – Here’s His Target

A widely followed crypto analyst is issuing a warning on Bitcoin ( BTC ), saying that it could dip further if bulls lose momentum. In a new thread on the social media platform X, crypto trader Justin Bennett tells 115,500 followers that the flagship digital asset could fall all the way back down to $85,000 if BTC bulls fail to reclaim the $102,000 level. According to Bennett, Fed Chair Jerome Powell’s recent announcement that the Federal Reserve isn’t allowed to hold BTC not only triggered a crash in the crypto markets, but also the stock market as well. “Looks like we’re heading lower after BTC failed to hold above $102,000. I know everyone is expecting crypto to move back up tomorrow, and maybe it does, but this isn’t isolated to the crypto market. Powell’s signaling on Wednesday triggered a stock market rout, with the Nasdaq dropping 3.6% in a single day, the DXY (US Dollar Index) surging 1.2% and breaking the 108.00 key level, and bond yields rallying 3% to fresh seven-month highs. It’s risk-off until proven otherwise. As for Bitcoin, $102,000 is the level to reclaim. If bulls can’t do it, the bottom of this channel is next, with a break there opening the door to $91,600 and $85,000.” Source: Justin Bennett/X However, the crypto strategist says that he doesn’t quite believe the BTC bull market will end if BTC fails to hold the support level at $102,000 as the flagship digital asset routinely drops 20-30% during its bull runs. “The bull market isn’t over [in my opinion]. We know Bitcoin has several 20-30% pullbacks in every bull market, which will be no different this time. The 2024/2025 holiday sale starts in a few weeks. Get ready.” According to Bennett, if BTC truly wants to break out, it needs to decouple itself away from stocks, which appear ready for the next leg down. Bitcoin is trading for $100,838 at time of writing, a 3% decrease during the last 24 hours. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Jamo Images The post Analyst Justin Bennett Issues Bitcoin Alert, Says BTC Headed Lower if Bulls Lose Momentum – Here’s His Target appeared first on The Daily Hodl .

Most Read News



Cryptohopper
Market Cap
24h Vol
60.37%
Bitcoin Share
97
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.