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A Bitcoin Pa'u i le $10,000 'O lo'o i totonu lava o Kata,' Lapata'i mai le tagata su'esu'e o le Crypto Justin Bennett – O Le Mea Lenei
Crypto analyst and trader Justin Bennett is warning that Bitcoin (BTC) still could undergo a massive market crash this cycle.
Bennett taʻu mai ana 110,700 soo i luga o le faʻasalalauga faʻasalalauga faʻasalalauga X e mafai e le tupu crypto ona faʻaitiitia i le sili atu i le 74% mai lona tau o loʻo i ai nei pe a fai o se mea e tupu i le manu uliuli e mafua ai se faasaʻoga ogaoga.
According to the strategist, there still exists the possibility that Bitcoin repeats a similar price pattern in 2020 when the crypto king plummeted at the start of the COVID-19 pandemic.
"$10,000-$15,000 BTC o loʻo i totonu o kata, IMO (i loʻu manatu). E mautinoa, o le COVID o se manu uliuli, ae e le pei e leai se matou lisi o tagamea o faʻafitauli faʻapitoa e filifili mai ai i le taimi nei. O le siata e tautala mo ia lava.”
Punavai: Justin Bennett/XLooking at his monthly chart, the trader suggests that Bitcoin could collapse down to the diagonal support level that Bitcoin touched during the pandemic after facing resistance at the Fibonacci retracement level of 0.768.
O le faioloa foi talitonu Euro’s performance against the U.S. dollar (EUR/USD) suggests Bitcoin and the broader crypto market is in a downward trend.
“The fiat currency market is once again flashing warning signs about what could be next for Bitcoin and the rest of the crypto market.”
O ia foi lapataʻiga lea Bitcoin’s upcoming halving event in April may not be a catalyst for a rally if there are unfavorable macroeconomic conditions.
"Bitcoin is programmed to go up because of the halving, right? Wrong… The halvings are a critical component of the tokenomics that make Bitcoin an incredible long-term hold. But economic data rules all in determining cycle tops and bottoms.”
Mulimuli ane, o le faioloa Fai mai lena Ethereum (ETH) may be in a downtrend after failing to hold the key $2,400 level as support.
“E leʻi mafai e le ETH ona umia i luga aʻe o le $2,400, o lea ua avea nei ma tetee. O loʻo i ai pea loʻu manatu le lauiloa o le pito i luga o le crypto.
Punavai: Justin Bennett/XVaʻai i lana siata, o loʻo fautua mai le faioloa e mafai e Ethereum ona faʻasaʻo i le $ 1,450 ia Me.
Ethereum o loʻo fefaʻatauaʻi mo le $ 2,213 i le taimi o le tusitusi, i luga toeitiiti 1% i le 24 itula mulimuli.
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Le pou A Bitcoin Pa'u i le $10,000 'O lo'o i totonu lava o Kata,' Lapata'i mai le tagata su'esu'e o le Crypto Justin Bennett – O Le Mea Lenei faʻaalia muamua Le Aso Taʻitasi Hodl.
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