Evaluating the Current State of the Market, the Analyst Drew Attention to the Critical Price Levels in These Two Altcoins!

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Cryptocurrency analyst Justin Bennett, Bitcoin (BTC), Evaluated the current technical outlook on Ethereum (ETH), Crypto com (CRO) and VeChain (VET). Noting the critical price levels in his recent Youtube post, the analyst also pointed to the $45,600 level as the first resistance level Bitcoin could face if it started its bullish movements.

The Current Outlook on Bitcoin and Ethereum

BTC/USD

Crypto currency analyst Justin Bennett said that if Bitcoin exceeds the resistance of $ 45,600, BTC can test the price levels of $ 50,000 and $ 53,000. The analyst, who shared the expectation of an average value increase of 35% in the leading crypto currency later in the year, said that Bitcoin could rise again to the price levels of $ 60,000 if the upward movements continue.

In October, the analyst, BTChe added that he is optimistic about Bitcoin as long as it trades above the $40,000 to $42,000 price band.

ETH/USD

Evaluating the current technical outlook on Ethereum, the analyst said that the initial resistance level was $ 3,600. Analyst, in the short term ETHhe noted that the 3.600 dollar price should exceed the levels, but it is quite critical for it to make a one-week closing above the 4.000 dollar price levels to begin value increases at high rates.

Critical Price Levels in Crypto com (CRO) and VeChain (VET)

CROthe critical support level in the crypto currency analyst, who said that the price levels of the 0.40 dollar are the first resistance levels of the 0.50 dollar and the 0.53 dollar price band, said that the first resistance levels are the 0.53 dollar price band. The analyst stressed that if the resistance levels of 0.50-0.53 dollars are exceeded, the CRO may record an upward movement that can test the price levels of 0.65 dollars.

VeChainnoting that high-rate depreciation may be recorded if the 0.065 dollar support level falls below the 0.088 dollar support level, the analyst said that VET should also exceed the 0.088 dollar price levels in the short term and move upward to test the 0.10 dollar price levels. The analyst also pointed to the price levels of 0,12 dollars as the first level of resistance that can cover the crypto currency.

The information contained in this article absolutely does not contain investment advice. Investors should know that crypto currencies have high volatility, so they carry risks, and they should conduct their transactions in accordance with their own research.

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