Crypto Analyst Predicts Bitcoin Activity Through June, Warns Of More Consolidation
Portfolio Pulse from Bibhu Pattnaik
Crypto analyst Justin Bennett predicts that Bitcoin (BTC) may fall to $25,000 in June before rebounding. He believes the market could break below $25,000 after some consolidation, with a target of $23,000 in the next few weeks. Another analyst, Bluntz, sees potential for a bounce after overcoming key resistance levels.
May 20, 2023 | 2:17 pm
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Bitcoin may fall to $25,000 in June before rebounding, with a target of $23,000 in the next few weeks, according to crypto analyst Justin Bennett. Another analyst, Bluntz, sees potential for a bounce after overcoming key resistance levels.
Justin Bennett's prediction of Bitcoin falling to $25,000 in June and potentially breaking below that level after consolidation suggests a bearish short-term outlook. Bluntz's view of a potential bounce after overcoming key resistance levels also indicates uncertainty in the short term. Both analysts' opinions contribute to a negative short-term impact on Bitcoin's price.
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