Crypto Analysts Warn of Impending Bitcoin Correction Amidst Market Surge
Crypto analyst Justin Bennett warns that Bitcoin (BTC) could experience a deep correction to around $20,000 due to the market's tendency to seek liquidity and liquidate long positions at key psychological levels. However, in the near term, BTC could rally above $29,500 to liquidate traders who are banking on a correction. Bennett also notes that Ethereum (ETH) has amassed long positions at around $1,000 and could pull back to liquidate the concentration of longs at the key psychological level.