Analyst and dealer Justin Bennett is predicting new all-time highs as he supplies the outlook for 4 top-30 crypto belongings.
In a e-newsletter, the crypto analyst says that if Bitcoin (BTC) replicates the 2017 worth motion, it may hit $80,000 someday in November.
“…if Bitcoin continues following its 2017 fractal, we should always see costs attain $80,000 or extra later this month.”
Alternatively, Bennett says that if the flagship cryptocurrency loses help at $60,000, it may fall by between 3% and 9% from that key psychological degree.
“…$60,000 is crucial help; it has been for the previous couple of weeks. Under that’s $58,000 and $55,000.”
Bitcoin is buying and selling at $61,800 on the time of writing, in accordance with CoinGecko.
Subsequent up is Ethereum (ETH), which Bennett says may surge by as much as 350% from present ranges.
“If we assume the previous couple of months is a large cup and deal with sample, the measured goal is between $6,000 and $6,500.
However as I’ve acknowledged for just a few weeks now, a cycle peak in January places the worth of ETH someplace between $15,000 and $20,000, for my part.”
Ethereum is trading at $4,500 on the time of writing.
Subsequent up is VeChain (VET). The crypto analyst says that the native token for the provision chain administration blockchain will vary earlier than it surges.
“…VET/USDT must get above the $0.15-$0.16 area to open up $0.19. Above which can be the all-time highs close to $0.28.
My guess is that we’ll proceed to see some sideways consolidation right here earlier than the following leg up. That’s very true if Bitcoin follows the 2017 fractal this month.”
At time of writing, VeChain is trading at $0.14.
Subsequent up is decentralized alternate token UniSwap (UNI). In keeping with Bennett, UniSwap must convert the $27.60 resistance degree right into a help degree earlier than it might probably surge larger.
“…there’s additionally a horizontal degree at $27.60 that UNI must clear on a each day closing foundation to flip to help.
Above $27.60 is $36 and $44.”
UniSwap is buying and selling at $26.22 on the time of writing, in accordance with CoinGecko.
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