Bitcoin Trader Warns of Potential Crash to $15,000 Amidst Big Tech Sell-Off and Price Surge

1 min read
Source: The Daily Hodl
Bitcoin Trader Warns of Potential Crash to $15,000 Amidst Big Tech Sell-Off and Price Surge
Photo: The Daily Hodl
TL;DR Summary

Crypto analyst Justin Bennett warns that Bitcoin could experience a 54% correction if there is a steep stock market correction, similar to what happened in February and March 2020. Bennett predicts that if the S&P 500 index falls to around 3,255 points, Bitcoin could potentially drop to as low as $15,000. Despite Bitcoin's recent strength against equities, Bennett believes that correlations between the two markets can change, and if stocks decline, it's only a matter of time before crypto follows suit.

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