Here’s what’s next for BTC and ETH after the bloodbath

The crypto market is in a bloodbath today as the price of bitcoin fell below $40,000, the price of ether fell below $2,750, and LINK is currently approaching a critical support zone around $17.00. The whole chart continues to flash red in tandem with the market.

Bitcoin (BTC) and Ethereum (ETH) are expected to bounce soon, according to a famous crypto analyst, who also points to support levels for two popular altcoins.

Bitcoin (BTC)

Crypto trader Justin Bennett recently told his Youtube Subscribers that a significant Bitcoin bounce could be on the way.

With Bitcoin presently priced at $37,892, Bennett anticipates BTC to hit $50,000-$56,000 in the following weeks, assuming a 20-30 percent increase. 

Ethereum (ETH)]

Bennett points out that $3,000 has lately held support on Ethereum, the dominant smart contract platform. He does warn, however, that ETH could fall further before rebounding.

Funfact : Dogecoin has seen immense growth , from meme to no more a meme. Yet the trend floods  with quest like will dogecoin go up

Algorand(ALGO)

Bennett then examines the Algorand (ALGO) payments and decentralized finance blockchain, noting that it may be in a positive formation, even if the price drops.

He says, We’ve established this channel, which might be a bullish pattern if the market can find support around $1.15.

This will be a confluence of support, right around $1.15, if we see a re-test [of $1.15] around the end of January. If we have a bounce from there, the next resistance will be in the $1.50 to $1.60 range, he added.

In tandem with the market, AGLO is trading at $1.13 down by 11.6% in the last 24 hours.

VeChain(VET) 

Finally, Bennett considers the enterprise blockchain VeChain (VET), noting that $0.06 has been VET’s support throughout the past year.

The analyst notes that, If VeChain closes below $0.07, we’ll be looking at $0.06-$0.065.Because it’ll be a must-have for buyers. It could result in a good purchasing opportunity.Any rotation into $0.06-$0.065, he believes, might result in a robust bounce.

VET is currently trading at $0.062 down by 13.8% in the last 24 hours. 

Funfact : Link was built to connect all Off-blockchain to On-chain blockchain ,now would it interest in Chainlink price prediction 

The crypto market is in a bloodbath today as the price of bitcoin fell below $40,000, the price of ether fell below $2,750, and LINK is currently approaching a critical support zone around $17.00. The whole chart continues to flash red in tandem with the market.

Bitcoin (BTC) and Ethereum (ETH) are expected to bounce soon, according to a famous crypto analyst, who also points to support levels for two popular altcoins.

Bitcoin (BTC)

Crypto trader Justin Bennett recently told his Youtube Subscribers that a significant Bitcoin bounce could be on the way.

With Bitcoin presently priced at $37,892, Bennett anticipates BTC to hit $50,000-$56,000 in the following weeks, assuming a 20-30 percent increase. 

Ethereum (ETH)]

Bennett points out that $3,000 has lately held support on Ethereum, the dominant smart contract platform. He does warn, however, that ETH could fall further before rebounding.

Funfact : Dogecoin has seen immense growth , from meme to no more a meme. Yet the trend floods  with quest like will dogecoin go up ? 

Algorand(ALGO)

Bennett then examines the Algorand (ALGO) payments and decentralized finance blockchain, noting that it may be in a positive formation, even if the price drops.

He says, We’ve established this channel, which might be a bullish pattern if the market can find support around $1.15.

This will be a confluence of support, right around $1.15, if we see a re-test [of $1.15] around the end of January. If we have a bounce from there, the next resistance will be in the $1.50 to $1.60 range, he added.

Looking forward for more altcoins to jumping in the cryptomarket , all you have to do is just keep up your analysis…..

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