Here’s What Next for Bitcoin, Ethereum and These Two Altcoins, According to Crypto Analyst Justin Bennett

Cryptocurrency trader Justin Bennett is exposing where he sees Bitcoin (BTC), Ethereum (ETH) and 2 altcoins heading in the coming days and weeks.

Starting with Bitcoin, Bennett informs his 7,820 YouTube customers that the very first resistance level the flagship cryptocurrency will meet if it keeps increasing is at $45,600.

According to Bennett, if the $45,600 resistance level ends up being an assistance location, then Bitcoin might rally to above $50,000.

Bennett states that if a “more bullish scenario” is recognized, Bitcoin might rise by over 35% from present levels later on in the year.

“If we were to see Bitcoin get above $45,600, test $53,000 or even $50,000 up here then that could very well set up an inverse head and shoulders where we get a move up above $60,000 later this year.”

The cryptocurrency expert and trader states he is bullish on Bitcoin as long as the rate stays “above that $40,000 to $42,000 area.”

Bitcoin is trading at $43,809 at the time of composing.

Turning to Ethereum, Bennett states that the present resistance level for the second-largest cryptocurrency by market cap is around $3,170 while the next one is around $3,600.

“Any rotation into $3,170 should trigger a bounce, it should attract buyers. Now the next resistance area to watch for Ethereum is going to be right around $3,600.”

According to Bennett, Ethereum will require to close above the $4,000 rate on the weekly chart to validate a bullish pattern.

“Now $4,000 is going to be the huge test for Ethereum…

It’s going to need to return above this location [$4,000] in order to turn bullish once again.”

Ethereum is trading at $3,358 at the time of composing.

Next up is CRO, the native token of the blockchain, a cryptocurrency platform that provides a broad series of customer product and services consisting of payments, a crypto exchange, a crypto wallet, debit cards and decentralized financing.

Bennett states that for CRO to turn bullish in the short term, it needs to break above the $0.50 resistance level on the everyday chart initially.

“So CRO needs to return above $0.50. So this produces a confluence of resistance right in between possibly $0.50 and $0.53 to where CRO needs to return above this on an everyday closing basis to turn it back to support and likewise expose $0.65.

So $0.65 would be the next resistance level above that $0.50 to $0.53 location…

The market needs to get above $0.50 to $0.53 to turn bullish once again up towards $0.65.

If we do see a rotation lower from this location [around $0.48], watch on that $0.40 assistance.”

CRO is trading at $0.486 at the time of composing.

Next up is veterinarian, the native token of VeChain, a business supply chain management blockchain.

Bennett states that veterinarian might rally to $0.12 however breaking listed below $0.065 might imply the start of a bearish pattern.

“veterinarian still needs to return above this location right around $0.088. Now if it were to close above this [$0.088], there’s an opportunity we might see a go up here towards $0.10, that’s going to be the next essential level…

Above this location right around $0.09 we most likely see $0.10. Above that is the area simply above $0.12…

The must-hold for veterinarian is going to be ideal around $0.06 to $0.065. We wish to see that location hold out on an everyday and weekly closing basis. Anything listed below this [$0.06], things might get awful.”

veterinarian is trading at $0.082 at the time of composing.


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