A closely followed strategist watches the price charts of the 2017 Bitcoin (BTC) bull run to see where the world’s leading cryptocurrency is heading. cryptocoin.com We share the strategist’s predictions…
Bitcoin prediction from Justin Bennett
Justin Bennett tells his 82,800 Twitter followers that comparing BTC’s previous highs and lows is “like having a cheat code.” In the very near future, he predicts a next all-time high (ATH) of $80,000 followed by a jump above $100,000 and uses the following statements:
The 2017 fractal explains this week’s pullback. Every move in this cycle has been a little less aggressive than in 2017. There was a 13 percent pullback at that time. It probably equates to 8-10 percent pullback or $60,000 BTC now. It is then retested at $80,000 in early November, $65,000 in mid-November, and $100k in December.
According to the analyst, the next support area is $ 58-60 thousand.
The trader then tweeted, using game jargon, “It’s like having a cheat code. [Fraktal] As long as it doesn’t deviate,” he says. Bennett then highlighted a pullback reflecting the 2017 price drop, noting the BTC candlestick chart. “Here is the little BTC retracement I was talking about yesterday. The next support area is $58,000 – $60,000. “Bitcoin needs to reclaim the $64,000 area to be constructive again,” he says.
Finally, the analyst says, “I think something like this is much more likely,” charting a price roadmap where Bitcoin surged from $100,000 to $200,000 and above in early January of next year.
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