Here Are the Possible Bearish Targets for Bitcoin After BTC Stops Working To Break Out Above Major Level, According to Crypto Expert
An extensively followed crypto analyst says that Bitcoin (BTC) may pull back after stopping working to hold a key assistance level. In a new thread, crypto trader Justin Bennett informs his 116,000 fans on the social media platform X that BTC may revisit the lower bound of a trading variety at the $100,000 level, after a possible weekend bounce.
Justin Bennett also mentions that BTC whales exiting long positions in favor of building brief positions against retail is causing the flagship crypto possession to deteriorate. Please note that The Daily Hodl takes part in affiliate marketing.
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Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism.
With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.
