Posted 12/16/2023, 12:45:57 PM
Analyst Warns of Potential Bitcoin Price Correction to $32K
- Crypto analyst Justin Bennett warns of impending Bitcoin price correction, with targets at $38,000 and possibly $32,000
- Bearish signals include possible lower high price forming, weighing on trend line support
- Tether dominance chart shows traders moving into stablecoin, another bearish sign
- Total crypto market cap hit resistance between $1.6-$1.7 trillion, indicating downward pressure
- Loss of Bitcoin support at $37,800 likely leads to drop to $32,000