In a recent interaction with his Twitter followers, Justin Bennett said that markets don’t crash when they are most expected to do so. He explained that the crypto Bull market is still not over, but the correction is months away.
Bennett has also revealed that “Federal Reserve will not hike interest rates and bring a decline in the asset purchase but instead they will implement a more steady approach in which market stability will be given priority over controlling inflation.
The analyst further added that if Federal Reserve chooses to remain “accommodative”, there could be an increase in the volatility.
Bennett further predicted that if Bitcoin stayed above $35,000, it could surge to a resistance level between $40,000 to $42,000. If the cryptocurrency falls below $35,000, there would be a collapse of nearly 20%.
At the time of writing, Bitcoin was trading at $36,548.35
Disclaimer: The article should not be considered as any financial advice. It is advisable to conduct thorough research before investing.
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