Cryptocurrency analyst Justin Bennett maps key levels for Bitcoin (BTC), Ethereum (ETH) and VeChain (VET) after BTC fell from all-time highs.

As Bitcoin threatens to drop below $ 60,000, says Cryptocademy founder speak that he sees a confluence of support levels around $ 55,000.

“There’s a lot of confluence at around $ 55,000. Let’s not forget, however, that the September high of $ 53,000 may also play a role … The key resistance above $ 60,000 is $ 63,600 and $ 67,000. “

BTC / USDT daily chart | Source: Justin Bennett

The analyst says Ethereum will need to close the daily candle above $ 4,370 to enter the pricing phase.

“If ETH loses $ 3,900, I’ll keep an eye on the $ 3,700 zone …

As stated recently, ETH / USDT needs to close the daily candle above $ 4,370 to secure a breakout and get involved in pricing.

ETH / USDT daily chart | Source: Justin Bennett

After VeChain (VET) slumped 21% in the past few days, Bennett said the altcoin movement will depend on BTC. He said VeChain would retest the $ 0.155 resistance once Bitcoin bottomed out locally.

“A deeper BTC correction towards $ 53,000, however, could push VET into the $ 0.10-0.11 range, especially as we see VET / BTC encounter resistance and sell out thereafter.

Of course, if BTC hits bottom locally, VET could retest the $ 0.155 resistance.

Daily VET / USDT Chart | Source: Justin Bennett

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

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