‘Crunch Time’: Crypto Trader Justin Bennett Outlines Two Possible Scenarios for Bitcoin After BTC Bounces From Major Support Level
A widely followed crypto analyst is outlining two possible routes Bitcoin (BTC) could take after bouncing off a major support level.
In a new thread, crypto trader Justin Bennett tells his 115,700 followers on the social media platform X that it’s “crunch time” for the top crypto asset by market cap after recovering from a dip, noting that it could plunge below $100,000 if BTC bulls don’t step up.
“Recap: BTC failed at $110,000 and $106,600 in May [and hit] $100,000 on Thursday. We had the Asia session bounce back to $104,000 as anticipated. Now, does Bitcoin fill the $97,000/$98,000 imbalance? Or can bulls reclaim this $104,000-$105,000 area? Crunch time.”
Bennett also said that the…
