Categories: Analysis

KOL Justin Bennett calls for new ATH for BTC and outlines outlook for vocational training, UNI and ETH

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

CoinX

Recent Posts

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

3 minutes ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

33 minutes ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

1 hour ago

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

3 hours ago

Bonk’s ICO Was Just the Start: Why BTFD Coin’s Stage 7 Price Rollback Is Your Second Shot at Crypto Glory

BTFD Coin is offering a chance to relive the glory days of meme coin investing,…

4 hours ago

Decoding BDAG’s AMA: A Blueprint for Scalable Blockchain and Enhanced Community Ties

Explore key takeaways from BlockDAG’s AMA, showcasing strides in scalability, growth of the ecosystem, and…

5 hours ago

This website uses cookies.