Popular analyst Justin Bennett predicts a new all-time high for Bitcoin and an explosion of 3 cryptocurrencies in the top 30.

In a press release, the analyst said Bitcoin (BTC) could hit $ 80,000 in November if the 2017 price action is repeated.

“… If Bitcoin continues to follow the 2017 fractal, the price should reach USD 80,000 or more by the end of this month.”

On the flip side, Bennett said that if the leading cryptocurrency loses support at $ 60,000, it could fall between 3% and 9% from that psychological level.

“… US $ 60,000 is important support; it has lasted the last few weeks. That includes $ 58,000 and $ 55,000. “

The source: Justin Bennett / CryptoAcademy

Bitcoin is trading at $ 62,100 at press time, according to CoinGecko.

Next up is Ethereum (ETH), which Bennett says could rise another 350% from current levels.

“If we assume the past few months have been a large cup handle pattern, the measured target is between $ 6,000 and $ 6,500.

But in my opinion the cycle top will be reached in January, which brings the ETH price to around 15,000 to 20,000 dollars. “

The source: Justin Bennett / CryptoAcademy

Ethereum is trading at $ 4,500 at the time of writing.

Next comes VeChain (VET). The analyst says the supply chain blockchain’s native token will oscillate before rising.

“… VET / USDT must break the $ 0.15-0.16 zone to advance toward $ 0.19. Above that, the all-time high is close to $ 0.28.

I suspect this altcoin will continue to consolidate before it goes up. This is especially true if Bitcoin moves along the 2017 fractal this month. “

The source: Justin Bennett / CryptoAcademy

At the time of writing, VeChain is trading at $ 0.14.

Next comes the decentralized exchange token UniSwap (UNI). Bennett said UNI must convert the USD 27.60 resistance level into support before it can move higher.

“… UNI has to free up $ 27.60 in order to boom.

Over $ 27.60 is $ 36 and $ 44. “

The source: Justin Bennett / CryptoAcademy

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

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.

SN_Nour

According to Dailyhodl

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page