Bitcoin Prognosticator Predicts Double-Digit Dive Following Confirmed Downtrend - Here's His Predicted Values
Straight Talk on Crypto: Bitcoin and Ethereum Bearing the Burden
Hey there! Today, we're diving into the latest on Bitcoin and Ethereum, straight from the mouth of analyst Justin Bennett.
First off, let's talk Bitcoin. According to Bennett, the crypto king has taken a tumble and might not stop there. He believes that if Bitcoin can't hold its ground around $106,000, it could experience a significant drop of up to 13%, plummeting down to roughly $91,790. But, if Bitcoin manages to regain its resilience, it could eventually break new records and climb to around $120,000[1][4].
Now, let's shift our attention to Ethereum. Bennett warns that Ethereum is presently on a bearish path, with its recent break below an ascending trendline on the four-hour chart indicating potential prices dips to $2,460 and $2,360[1]. However, as with Bitcoin, Ethereum's trajectory is not set in stone and might be swayed by broader market factors, such as stock performance[5].
So, where do things stand right now? Bitcoin is currently trading at $105,365, while Ethereum is hovering around $2,605[1].
Want to keep up with the latest crypto updates? Don't forget to follow us on Telegram, X, and Facebook[2]! If you're curious to learn more, be sure to check out our daily email alerts, The Daily Hodl Mix, and price action[2]. Remember, invest wisely—always do your due diligence before making any high-risk investments in the crypto space[3].
Now, let's take a look at the crypto market news:
- CoinsBee Surpasses 5,000 Gift Card Brands, Becoming the Largest Crypto Gift Card Platform Worldwide[6]
- No Limit Holdings Goes All In on Future $15 Trillion Digital Asset Industry With Closing of Oversubscribed Fund[7]
- PrimeXBT Expands Global Reach With FSCA-Regulated Crypto Asset Services[8]
- Zircuit Enables Non-Custodial Wallet Top-Ups for Crypto.com Visa Cards[9]
- How To Accept Cryptocurrency on Your Website - Step-by-Step Instructions[10]
- Stanford Grads Announce $28 Million Blockchain Builders Fund Incubating Frontier Web 3.0 Startups[11]
- Bet20 Launches Premium Casino Platform With Trusted Licensing, Instant Crypto Withdrawals and Elite Gaming[12]
Stay fluent in the crypto sphere and keep those profits rolling in!
[1] The Daily Hodl, Bitcoin Could Correct Below $100,000, Says Analyst: Ethereum Might Test $2,460 (May 31, 2025)[2] The Daily Hodl, Join Us on Telegram, X & Facebook(no date; accessed May 31, 2025)[3] The Daily Hodl, Opinions expressed at The Daily Hodl are not investment advice (no date; accessed May 31, 2025)[4] The Daily Hodl, Bitcoin Could Correct Below $100,000, Says Analyst: Ethereum Might Test $2,460 (May 31, 2025)[5] The Daily Hodl, Analyst Says US Stocks’ Performance Plays a Role in Crypto Market Outlook (May 28, 2025)[6] The Daily Hodl, CoinsBee Surpasses 5,000 Gift Card Brands, Becoming the Largest Crypto Gift Card Platform Worldwide (June 3, 2025)[7] The Daily Hodl, No Limit Holdings Goes All In on Future $15 Trillion Digital Asset Industry With Closing of Oversubscribed Fund (June 2, 2025)[8] The Daily Hodl, PrimeXBT Expands Global Reach With FSCA-Regulated Crypto Asset Services (June 2, 2025)[9] The Daily Hodl, Zircuit Enables Non-Custodial Wallet Top-Ups for Crypto.com Visa Cards (May 30, 2025)[10] The Daily Hodl, How To Accept Cryptocurrency on Your Website - Step-by-Step Instructions (May 29, 2025)[11] The Daily Hodl, Stanford Grads Announce $28 Million Blockchain Builders Fund Incubating Frontier Web 3.0 Startups (May 29, 2025)[12] The Daily Hodl, Bet20 Launches Premium Casino Platform With Trusted Licensing, Instant Crypto Withdrawals and Elite Gaming (May 29, 2025)
Investors might want to consider the current volatility of Bitcoin and Ethereum, as analyst Justin Bennett predicts potential drops for both cryptocurrencies. Additionally, the altcoins market could see fluctuations based on broader financial trends and stock performances, making it an essential aspect to monitor for those interested in investing in digital assets beyond Bitcoin and Ethereum.
