Close Menu
ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

Economist Peter Schiff Labels Trump’s EU Tariff Threat ‘Market Manipulation’

May 24, 2025

Semler Scientific boosts BTC holdings with $50M purchase

May 23, 2025

Solana ‘will make everyone an investor’ — Solana nCMO

May 23, 2025
X (Twitter) Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
X (Twitter) Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Economist Peter Schiff Labels Trump’s EU Tariff Threat ‘Market Manipulation’

    May 24, 2025

    Semler Scientific boosts BTC holdings with $50M purchase

    May 23, 2025

    Solana ‘will make everyone an investor’ — Solana nCMO

    May 23, 2025

    World’s Top Crypto Exchange by Trading Volume Announces Upcoming Support for Consumer-Focused Altcoin on Binance Alpha

    May 23, 2025

    Semler Scientific boosts BTC holdings with $50M purchase

    May 23, 2025

    Bitcoin price ‘breather’ expected as short-term traders realize $11.6B in profit

    May 23, 2025

    Bitcoin’s bull market will ‘redefine’ BTC’s role in modern portfolios — Fidelity research

    May 23, 2025

    Bitcoin price drops 4% as Trump EU tariff talk liquidates over $300M

    May 23, 2025

    BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

    May 23, 2025

    The future of Web3 is not blockchain

    May 23, 2025

    Bitcoin Primed To Go Higher Faster Than Expected, Says Analyst Michaël van de Poppe – Here Are His Targets

    May 22, 2025

    Whale buys back ETH holdings after missing $2.6M gain

    May 22, 2025

    Analyst Says Full-Blown Altseason Has Started, Outlines Path Forward for Dogecoin, Floki and Pepe

    May 23, 2025

    Crypto, NFTs are a lifeboat in the sinking fiat system: Finance Redefined

    May 23, 2025

    Ethereum price chart targets $4K as transaction fees hit 3-month high

    May 23, 2025

    XRP price fails to respond to two extremely bullish developments — Here is why

    May 22, 2025

    Economist Peter Schiff Labels Trump’s EU Tariff Threat ‘Market Manipulation’

    May 24, 2025

    Semler Scientific boosts BTC holdings with $50M purchase

    May 23, 2025

    Solana ‘will make everyone an investor’ — Solana nCMO

    May 23, 2025

    World’s Top Crypto Exchange by Trading Volume Announces Upcoming Support for Consumer-Focused Altcoin on Binance Alpha

    May 23, 2025
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Videos

    Dollar's Dying! Escape Now or Regret It! (Financial Warning)

    May 23, 2025

    AI Gone Rogue: Snitching, Blackmailing, and Begging for Life!

    May 23, 2025

    Bitcoin Falling: New TRUMP Tariff Destroying Crypto Prices

    May 23, 2025

    Trump’s $1.4M Crypto Dinner & The Collapse of Stablecoin Legislation

    May 23, 2025

    Bitcoin Hits All Time Highs AGAIN… Here’s What’s Next

    May 22, 2025
ApeWatcher News
Home » Crypto Analyst Issues Bitcoin Alert, Says BTC Plunging Lower ‘Seems More Likely’ Now – Here Are His Targets
Crypto Analyst Issues Bitcoin Alert, Says BTC Plunging Lower ‘Seems More Likely’ Now – Here Are His Targets
Bitcoin

Crypto Analyst Issues Bitcoin Alert, Says BTC Plunging Lower ‘Seems More Likely’ Now – Here Are His Targets

The Daily HodlBy The Daily HodlJune 21, 20240 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

A widely followed crypto analyst is warning that Bitcoin (BTC) could plunge to much lower levels as it drops to the $63,000 range.

Crypto trader Justin Bennett tells his 110,800 followers on the social media platform X that Bitcoin could decline more than 18% from its current value.

“Bitcoin is still range-bound, but the recent breakdown of the October 2023 trendline, combined with the February 26th and 27th imbalances, leads me to believe $52,000-$54,000 could be next. A lot of liquidity is sitting below that $56,500 low, and markets seek liquidity. We can’t rule out a run above $72,000 to take out those highs, but lower seems more likely right now, given the BTC chart and what’s happening with the DXY (Dollar Index). As always, it’ll be a level-by-level situation.”

Looking at his chart, the analyst suggests that Bitcoin could decline to the $60,751 level, bounce to around $63,000 and then collapse to below $54,000.

The analyst also says that it appears Bitcoin’s market top is around the $65,000 level on the monthly chart as it has failed to flip the area into support after multiple attempts since 2021.

“Anyone bullish on BTC here is bullish at resistance. I’ve said that for months, and nothing has changed. Difficult, if not impossible, to argue otherwise. This has never been about me hating on Bitcoin or crypto. I’ve been a supporter of crypto since I got involved in 2020, but facts are facts. The charts don’t look great, and the stock market is literally the only thing keeping crypto from falling off a cliff.”

Image

Bitcoin is trading for $63,671 at time of writing, down more than 1% in the last 24 hours.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Follow us on X, Facebook and Telegram

Generated Image: DALLE3



Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Semler Scientific boosts BTC holdings with $50M purchase

May 23, 2025

Bitcoin price ‘breather’ expected as short-term traders realize $11.6B in profit

May 23, 2025

Bitcoin’s bull market will ‘redefine’ BTC’s role in modern portfolios — Fidelity research

May 23, 2025

Bitcoin price drops 4% as Trump EU tariff talk liquidates over $300M

May 23, 2025

Is BTC price overheating at $111K?

May 23, 2025

Crypto Analyst Issues Bitcoin Alert, Says BTC Dump Incoming if History Repeats Itself – Here Are His Targets

May 23, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Articles

Economist Peter Schiff Labels Trump’s EU Tariff Threat ‘Market Manipulation’

May 24, 2025

Semler Scientific boosts BTC holdings with $50M purchase

May 23, 2025

Solana ‘will make everyone an investor’ — Solana nCMO

May 23, 2025
ApeWatcher News
X (Twitter) Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2025 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.