Cryptocurrency analyst and trader Justin Bennett has issued a warning regarding Bitcoin, stating that the digital currency could experience a drop below $60,000 before seeing an upward trend. Bennett emphasizes the need for Bitcoin to convert resistance levels into support levels in order to confirm an uptrend. Without this trigger, Bennett advises against trading. He further suggests that a partial retracement of the September candle is likely before the next rally. Bennett also mentions that for Bitcoin to reach all-time highs, Tether dominance must break its 2018 trend line. Bitcoin is currently priced at $61,145.
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Analyst Justin Bennett Issues Bitcoin Alert, Says BTC Could Plunge Lower Before Bouncing – Here Are His Targets
