Benzinga - Cryptocurrency analyst, Justin Bennett is bearish on Bitcoin (CRYPTO: BTC) and is warning that the apex cryptocurrency could reach levels $10,000 to $15,000.
What Happened: Bennett in a post on Jan. 23 said, "$10-$15k $BTC is still in the cards, IMO. Sure, COVID was a black swan, but it’s not like we don’t have a laundry list of systemic issues to choose from this time around. The chart speaks for itself."
$10-$15k $BTC is still in the cards, IMO.Sure, COVID was a black swan, but it's not like we don't have a laundry list of systemic issues to choose from this time around.
The chart speaks for itself. #Bitcoin pic.twitter.com/4U3rvfDLmD
— Justin Bennett (@JustinBennettFX) January 23, 2024
The cryptocurrency analyst in another tweet on Thursday said Tether dominance chart suggests another 20% lower for Bitcoin.
"This moves inversely to Bitcoin, and the levels on this chart have been spot on since October. It would put BTC around $30k."
Another 20% lower for $BTC from current levels?