A new BTC comment came from the analyst, who knows the level where Bitcoin will fall and exit as a point shot.
Analyst Justin Bennett used the following statements in his analysis dated September 12 and knew exactly where Bitcoin would fall and rise;
“Analysis of 12 September
“A retracement 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. $39,300 is where I think we’re going. From there, a bounce to $48,000-$49,000 is likely to decide whether a lower or higher top will occur. The technical picture that will be formed at this level will give an idea about the rest of the year.”
The analyst’s findings have been pinpointed so far. Bitcoin, which first fell to $ 39600 after the sharing, reached the $ 48,200 limit today.
Bennett, whose targets in Bitcoin were pinpointed, evaluated the current situation.
Stating that he did not return to being a full bull after the last move, the analyst used the following statements:
“It’s good to see the rally today. However, the market structure has not changed yet. Close the day above $45500 and then buy back $49,000 and $53,000. We need to see higher peaks. There is still a lot of work to be done.”
*Not Investment Advice.