Cryptocurrency analyst and trader Justin Bennett talked about cryptocurrencies that he expects to rise.
Bennett, bitcoinHe claimed that if BTC (BTC) replicates the 2017 price action, it could hit $80,000 in November and even exceed that value.
On the other hand, Bennett also stated that if BTC fails to maintain the $ 60,000 support, it could fall between 3% and 9% from the current level. Saying that $ 60,000 is a critical level, the analyst also pointed to the levels of $ 58,000 and $ 55,000.
Bitcoin continues to be traded at $ 61,500 as of the writing of our news.
ETH Bennett, who made much more positive comments for the second most valuable cryptocurrency, said that it could rise up to 350% from current levels.
The new target for ETH is between $6,000 and $6,500, considering there has been a massive ‘cup’ and ‘handle’ pattern over the past few months.
The analyst, who says, claims that if the cycle peak, which he expects to come in January, occurs, the price can see a level between 15,000 and 20,000 dollars.
Ethereum is trading at $4,500 at the time of writing.
Among the cryptocurrencies discussed by the analyst VeChain (VET) is also available. The crypto analyst states that VeChain will change before the surge. He states that VET/USDT needs to break above the $0.15-0.16 zone to surpass $0.19, with all-time highs near $0.28 above this level.
VeChain is currently trading at $0.16.
Another altcoin discussed by the analyst is UniSwap (UNI) was. According to Bennett, UniSwap needs to convert the $27.60 resistance level to support before seeing higher values. After this value, there are 36 and 44 dollars levels, respectively.
UniSwap is currently trading at $25.33.