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Justin Bennett, a prominent figure in the cryptocurrency analysis and trading sphere, recently shared insights on the potential trajectory of Bitcoin (BTC) and Ethereum (ETH). Bennett indicated a cautionary note regarding ongoing uptrend. He highlighted the likelihood of a further upward move before a corrective phase, emphasizing a final target range of $46,000-$48,000 for Bitcoin. Additionally, he stressed the significance of the $30,000 level as crucial support during this anticipated correction. Analyzing Bennett’s observations, it appears that he anticipates Bitcoin to experience a decline below $38,000 subsequent to achieving its upward target. As of the latest update, Bitcoin is valued at $44,147. Shifting focus to Ethereum ( ), Bennett expressed optimism, noting the asset’s breakout from an ascending triangle pattern on the weekly chart. He suggested a potential upward momentum toward $2,500 for Ethereum, highlighting the importance of maintaining support at $2,100. Regarding the aftermath of Ethereum reaching the $2,500 mark, Bennett a probable corrective phase, potentially preceded by a sweeping movement.
Read more: coinspress
