Cryptocurrency analyst Justin Bennett stated that market crashes do not happen when everyone expects them.
READING NOW According to Analyst Justin Bennett, the Bull Market in Cryptocurrencies Is Not Over
Cryptocurrency analyst Justin Bennett stated that market crashes do not happen when everyone expects them. Bennett said the crypto bull market is still intact, with a correction likely months later.
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Bennett believes that the Federal Reserve will not raise interest rates and aggressively reduce asset purchases, instead opting for market stability rather than controlling inflation, especially if the stock market experiences further corrections. The cryptocurrency analyst says volatility could increase if the Fed is forced to stay compliant.
Bennett also stated in a news release that if Bitcoin manages to stay above the $35,000 price level, it could rise to the resistance level between $40,000 and $42,000.
However, if the leading cryptocurrency falls below $35,000, it could crash by around 20%, according to the crypto analyst.
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