‘Bulls Are on Borrowed Time’: Crypto Analyst Justin Bennett Says Bitcoin Primed To Go Lower – Here’s His Target
A closely followed crypto analyst and trader is warning that Bitcoin (BTC) may soon return to the $70,000 range.
In a new thread, crypto trader Justin Bennett tells his 115,900 followers on the social media platform X that Bitcoin may soon fill a CME gap by dipping to the $77,360 level.
A CME gap is the difference between the Friday closing price of Bitcoin and the Monday opening price on the Chicago Mercantile Exchange. Traders watch for gaps as these price differences tend to get filled.
Bennett appears to be referring to a gap printed in November of last year.
“I still think we see a sweep of the $78,260 low, especially after the rejection from the $92,000 monthly resistance. Bulls are on borrowed time.”
