Cryptocurrency analyst Justin Bennett believes that Bitcoin could soar to $70,000 without first dipping below $60,000. He states that if Bitcoin can reclaim the $63,000-$64,000 range, it could potentially reach the $69,000-$70,000 shorts. However, if it fails to do so and support levels start to fail, the target could be $57,000. Bennett also notes that Bitcoin has been gaining after the stock market closes and suggests that the $63,000 level is reachable. As of now, Bitcoin is trading at $62,240, up 2.4% in the last 24 hours.



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