Bitcoin Faces Challenges, Analyst Says

Bitcoin’s Uptrend Threatened

Crypto analyst Justin Bennett warns that Bitcoin (BTC) remains vulnerable despite trading above $50,000. He believes BTC has hit resistance within an ascending channel, indicating a potential correction to $46,000.

Bitcoin’s Monthly Chart

Bennett also notes that BTC has not yet regained the diagonal support on its monthly chart, suggesting a larger correction may be on the horizon.

INJ Altcoin Faces Correction

Bennett warns that the altcoin INJ is set for a significant decline. He sees zero reasons to be bullish on INJ and expects it to fall to its diagonal support around $20. A pullback below $31 would confirm this move.