Here’s how Bitcoin could surge to $50,000 in March, according to KOL Justin Bennett
A prominent analyst is outlining a roadmap for how Bitcoin (BTC) could reclaim $50,000 in the coming weeks.
In one Video Recently, crypto strategist Justin Bennett examined BTC’s recent price action and suggested that the leading cryptocurrency may have hit a local bottom after attempting to sustain above $35,000.
“I wanted to show you what I’m looking for in March – this potential setup could see BTC rally towards $50,000 in the next few weeks…
The first step to confirm this is a break above $39,600. The second step is a close above $46,000. This is the peak that gives the lowest bottom.So that would be the section of a double floor.”
Bennett names two key levels that, if hit, could push Bitcoin back above $50,000.
“BTC needs to see a daily close above $39,600. As well as a daily close above $46,000.
That should help it move towards the $50,000-$53,000 zone. This has been an important level on the chart for the past few months.”
BTC/USDT daily chart | Source: Justin Bennett
At the time of writing, Bitcoin is slightly up and trading at $39,148.
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
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
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Here’s how Bitcoin could surge to $50,000 in March, according to KOL Justin Bennett
A prominent analyst is outlining a roadmap for how Bitcoin (BTC) could reclaim $50,000 in the coming weeks.
In one Video Recently, crypto strategist Justin Bennett examined BTC’s recent price action and suggested that the leading cryptocurrency may have hit a local bottom after attempting to sustain above $35,000.
“I wanted to show you what I’m looking for in March – this potential setup could see BTC rally towards $50,000 in the next few weeks…
The first step to confirm this is a break above $39,600. The second step is a close above $46,000. This is the peak that gives the lowest bottom.So that would be the section of a double floor.”
Bennett names two key levels that, if hit, could push Bitcoin back above $50,000.
“BTC needs to see a daily close above $39,600. As well as a daily close above $46,000.
That should help it move towards the $50,000-$53,000 zone. This has been an important level on the chart for the past few months.”
BTC/USDT daily chart | Source: Justin Bennett
At the time of writing, Bitcoin is slightly up and trading at $39,148.
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
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
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