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156 shares, 369 points

A closely followed strategist watches the price charts of the 2017 Bitcoin (BTC) bull run to see where the world’s leading cryptocurrency is heading. Cryptocoin. com

As , we share the strategist’s predictions…

Bitcoin prediction from Justin Bennett

Justin Bennett tells his 82,800 Twitter followers that comparing BTC’s previous highs and lows is “like having a cheat code.” In the very near future, he predicts a next all-time high (ATH) of $80,000 followed by a bounce of $100,000 and uses the following statements:

The 2017 fractal explains this week’s pullback. Every move in this cycle has been a little less aggressive than in 2017. At that time, there was a 13 percent pullback. It probably equates to an 8-10 percent pullback or $60,000 BTC now. It is then retested at $80,000 in early November, $65,000 in mid-November, and $100k in December.

The next support area is $58-60k, according to the analyst

Using game jargon in a tweet afterwards, the trader said, “It’s like having a cheat code. [Fractal] As long as it doesn’t deviate,” he says. Bennett then pointed to the BTC candlestick chart while highlighting a pullback reflecting the 2017 price drop. “Here is the little BTC retracement I was talking about yesterday. The next support area is $58,000 – $60,000. “For Bitcoin to be constructive again, it needs to reclaim the $64,000 area,” he says.

Finally, “I think something like this is much more likely,” the analyst says, drawing a price roadmap for Bitcoin to break out of $100,000 in early January of next year to $200,000 and above.


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