Crypto Money Analyst Justin Bennett, Bitcoin $89,294.82‘s price may be a decrease in the near term, he said. Bennett, in his analysis, Bitcoin’s CME transactions to fill the price difference in 77.360 dollars may decline, he said. Analyst stressed that this price difference is due to the differences between the closing price of Thursday and the opening price of Monday. These assessments show that investors should be prepared for short -term regulations.
Short -term decrease expectation for Bitcoin
Bennett said Bitcoin could go down to $ 77,360 in the short term. Analyst said the price difference in November last year may be effective again. This situation is thought to affect Bitcoin’s mobility in the market. Considering the market dynamics, Bennett advised investors to be careful and cautious.
According to the analyst, this possible decrease in the price of Bitcoin may be particularly united with the mobility that may occur at low levels. For this reason, it is important that investors are prepared for the fluctuations of the market. In addition, Bitcoin’s $ 92,000 -level resistance point is not possible in the near term, he said.
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Resistance levels and investor advice
Bennett also said that Bitcoin should be opened at $ 91,000. Stating that the current rise movement of the investors may remain limited, the analyst shared his concerns about the continuity of the bull market. Bennett stated that Bitcoin was likely to test the $ 78.260 level, and urged investors to be careful.
Bennett said that the Crypto Summit held at the White House last Friday would not lead to a long -term rally. Analyst emphasized that the expectations related to the summit are exaggerated and that the explanations made from the activity can be perceived incorrectly by investors.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
