Successful crypto analyst Justin Bennet shared his predictions about Bitcoin by drawing attention to the critical level in Bitcoin with his share on his twitter account.
After the sharp decline in Bitcoin, the eyes turned to future price predictions, while the analyst stated that he expects a correction in the $ 40,000 range in Bitcoin and continued:
A pullback to the main $40,000 weekly level makes a lot of sense here. That doesn’t mean it will happen, but it’s a scenario to consider.”
Stating that a new peak was formed on a weekly basis when he looked at the chart of Bitcoin, the analyst drew attention to the similarity of this to the Bitcoin movements in April.
Bennet said that Bitcoin will return to a significant price level, showing how it will act for the rest of 2021, after noting that it has experienced a drastic drop after its July rise.
$39,300 is where I think we’re going. From there, a bounce to $48,000-$49,000 is likely to decide whether to top it lower or higher. The technical image that will form at this level will give an idea about the rest of the year. “