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Cryptocurrency News Articles
Analyst Justin Bennett Outlines One Scenario Where Bitcoin (BTC) Could Suddenly Skyrocket to $70,000
Oct 06, 2024 at 09:00 am
Bennett tells his 111600 followers on the social media platform X that he can see a technique Bitcoin surges greater than 12% from its present worth
Analyst and dealer Justin Bennett is outlining one state of affairs the place Bitcoin (BTC) could instantly soar to $70,000.
Bennett tells his 111,600 followers on the social media platform X that he can see a technique Bitcoin surges greater than 12% from its present worth with out first dipping beneath $60,000.
“A counterargument to my requires BTC $57,000 earlier than $70,000 is that this four-hour channel. If Bitcoin can reclaim $63,000-$64,000 we are able to begin speaking about sweeping the $69,000-$70,000 shorts. If it might probably’t and these assist ranges begin to fail, $57,000 turns into the goal.”
Bennett warns that Bitcoin’s reclaim of the $62,000 degree Friday after dropping to $60,000 earlier this week could be a “aid rally” earlier than a deeper correction.
“Calling for $70,000 Bitcoin after a 3% Asia session/Friday bounce from $60,000 is pure engagement farming. Both that or these folks aren’t merchants you wish to comply with. The ONLY approach BTC targets $70,000 is on a reclaim of $64,500. Interval. Till then, that is merely a aid rally that’s constructing extra sell-side liquidity at $59,000 and $57,000. Markets search liquidity.”
Analyst Justin Bennett Says Bitcoin Rally Pauses, Outlining Key Ranges to Watch for Subsequent Leg Up
Analyst and dealer Justin Bennett is outlining a state of affairs the place Bitcoin (BTC) could instantly soar to $70,000.
In a brand new replace, the dealer tells his 111,600 followers on the social media platform X that he sees a path for Bitcoin to rally greater than 12% from its present worth with out dipping beneath $60,000.
“A counterargument to my requires BTC $57,000 earlier than $70,000 is that this four-hour channel. If Bitcoin can reclaim $63,000-$64,000 we are able to begin speaking about sweeping the $69,000-$70,000 shorts. If it might probably’t and these assist ranges begin to fail, $57,000 turns into the goal.”
Bennett additionally feedback on Bitcoin’s latest worth motion, suggesting that the rally could quickly pause.
“Each day this week, Bitcoin has pumped as quickly because the US inventory market closed. Both approach, I believe we see $57,000, however some aid to take out the $63,200 shorts could be good.”
At time of writing, Bitcoin is buying and selling for $62,240, up 2.4% within the final 24 hours.
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- Worldwide [Coin Grading Services] Market Research Study
- Oct 06, 2024 at 04:20 pm
- The Global [Coin Grading Services] Market Report’s Major Market Analysis The extensive market analysis and research techniques used by industry specialists have produced the worldwide [Coin Grading Services] market report.
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- Neptune Finance Airdrop Alert: Secure Your Free Tokens Now!
- Oct 06, 2024 at 04:20 pm
- Looking to score some Neptune Finance airdrops? You're in the right place. Neptune Finance is a hot topic in the blockchain space right now, and for good reason. Airdrops are a fantastic way to get your hands on free tokens and be part of emerging projects. In this guide, I'll show you how to find these airdrops and make sure you don't miss out on any exciting opportunities. From understanding what Neptune Finance is to the specific steps needed to secure your airdrops, I've got you covered. Ready to dive in? Let's get started.
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- EOS Network Foundation Announces New All-Time High (ATH) in Total Value Locked (TVL)
- Oct 06, 2024 at 04:20 pm
- The EOS Network Foundation has announced today that the platform has achieved a significant milestone. The total value locked (TVL) on the EOS blockchain has surged to a new all-time high (ATH) of $272.16 million $EOS, surpassing the previous record of $263.03 million $EOS.
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- Bitcoin MVRV, CQ Bull & Bear Indicators Show Market Uneasiness
- Oct 06, 2024 at 04:15 pm
- An analyst with username burakkesmeci shares that the Bitcoin market is currently set for key price movements. Based on the MVRV Ratio and CQ Bull & Bear metric, burakkesmeci notes that Bitcoin investors are presently showing a significant level of market anticipation.