Crypto Strategist Justin Bennett Says Bitcoin (BTC) Bounce Imminent – Here Are His Targets

Crypto Strategist Justin Bennett Says Bitcoin (BTC) Bounce Imminent – Here Are His Targets


A popular crypto strategist and trader is predicting a sizeable rally for Bitcoin (BTC) as bulls try to maintain support around the $40,000 area.

Justin Bennett tells his 96,800 Twitter followers that Bitcoin’s bounce from the 90-day low of $39,796 indicates that BTC is due for a relief rally.

“BTC has a habit of dropping 4%-8% below liquidation wicks [December 4th candle] before bouncing. It’s occurred five times since the start of 2021, excluding the December fourth candle.

Trending: Do You Remember What Joan Rivers Said About Obama Right Before She Dropped Dead?

Today’s low is 5.7% below the $42,000 liquidation low. Bounce time.”

Source: Justin Bennett/Twitter

On December fourth, Bitcoin dropped as much as 22% of its value in a single day from around $53,000 to $42,000 before buyers stepped in and pushed BTC to $49,152, leaving a

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend