Bitcoin Could See 18% Decline, Predicts Crypto Analyst: Plunge 'More Likely Now' With $54K A Possibility
Portfolio Pulse from Ananya Gairola
Crypto analyst Justin Bennett predicts a potential 18% decline in Bitcoin, suggesting it could drop to $54,000. This comes amid a significant sell-off by Bitcoin whales. Despite the bearish outlook, Bernstein analysts maintain a bullish $200,000 target for Bitcoin by the end of 2025.
June 22, 2024 | 6:33 am
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Crypto analyst Justin Bennett predicts Bitcoin could see an 18% decline, potentially dropping to $54,000. This prediction follows a significant sell-off by Bitcoin whales, indicating a bearish short-term outlook.
Justin Bennett's prediction of an 18% decline in Bitcoin is based on technical analysis and recent market imbalances. The significant sell-off by Bitcoin whales further supports a bearish short-term outlook.
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