Crypto investor and technical analyst Justin Bennett says Bitcoin (BTC) still looks good. Of course, this is despite the entire market slight decline. Also, Justin goes on to predict major spike for Cardano (ADA) and other altcoins.
Furthermore, this is in statement In the latest edition of his Cryptocademy newsletter.
So, As Bennett discusses Bitcoin’s recent “aggressive” pullback to $63,000.
So, Justin Bennett explains.
“Bitcoin just shook out a lot of excess leverage with an aggressive pullback to $63,000.”
“So is that it? An extended pullback here certainly doesn’t fit the 2017 fractal that I’ve…”
“discussed several times. But that doesn’t mean it can’t or won’t happen.”
Meanwhile, After considering the BTC charts again, Justin tweets.
“Bitcoin still looks pretty good here, and there’s a ton of support that’s built up above $60,000.”
“Higher highs and lows are the key. So far, so good for BTC.”
“Who knew that would turn into a rhyme?”
Then, Justin Bennett concludes.
Currently, BTC is trading at around $63,107 at time of writing.
Lastly, Justin predicts ADA hitting over $3.00.
“ADA has reclaimed $2.15. So that’s now a substantial support area.”
“Get above $2.35 on a daily closing basis, and ADA gets sent back to $3+, [in my opinion].”
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