CandleFocus Analyst Justin Bennett Issues Bitcoin Alert, Says BTC Headed Lower if Bulls Lose Momentum – Here’s His Target
2024-12-19
Author: Content Editor
The crypto analyst, Justin Bennett, warns that Bitcoin could experience further dips if the bulls lose momentum. He suggests that if the bulls fail to reclaim the $102,000 level, Bitcoin could fall back down to $85,000. Bennett attributes the recent crash in both the crypto and stock markets to Federal Reserve Chair Jerome Powell's announcement that the Fed isn't allowed to hold BTC. He believes that Bitcoin needs to decouple from stocks in order to break out. However, Bennett also states that he does not think the BTC bull market will end if it fails to hold the $102,000 support level, as Bitcoin typically experiences 20-30% pullbacks during bull runs. Currently, Bitcoin is trading at $100,838, experiencing a 3% decrease in the last 24 hours.
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