Analyst and trader Justin Bennett has revealed his price predictions for popular cryptocurrencies. If Bitcoin (BTC) repeats its 2017 price action, it could reach $80,000 in November.
On the other hand, Bennett said that if the leading cryptocurrency loses support at $60,000, it could drop 3% to 9% from this key psychological level: “60. $ 000 critical support; it has been for the past few weeks. Below that is $58,000 and $55,000. ”
According to CoinGecko, at the time of writing, Bitcoin was trading at $62,300.
Bennett then talked about his Ethereum (ETH) analysis. According to him, the leading altcoin can rise up to 350% from current levels.
Ethereum was trading at $4,500 at the time of writing.
The next altcoin is VeChain (VET). The crypto analyst said that the native token of the supply chain management blockchain will change before it rises.
At the time of writing, VeChain was trading at $0.15.
According to Bennett, UniSwap needs to turn the $27.60 resistance level into a support level before it turns bullish.
UniSwap is trading at $25.50 at the time of writing.