A extensively adopted crypto dealer is seeing extra bullish market sentiment on social media than he’s witnessed in months.
Digital asset analyst Justin Bennett tells his 102,000 Twitter followers that social media sentiment on crypto seems to be excessive.
“I haven’t seen this many bullish posts on Twitter since April.”
Bitcoin (BTC), Bennett says the biggest crypto by market cap might be in a reduction rally. In that case, the dealer thinks the $21,100 space will mark a pattern reversal.
“$21,100 BTC is a resistance space to regulate within the subsequent few days.
Plenty of confluence there. If that is only a reduction rally, which I feel it’s, it’s prone to reverse close to $21,100 in my view.”
Revisiting the remarks right this moment, Bennett nonetheless thinks $21,100 stays Bitcoin’s subsequent “huge check.”
“Good transfer from BTC after reclaiming $20,400.
$21,100 is the large check for Bitcoin in my view.”
Bitcoin is buying and selling for $20,435 at time of writing, up 1.6% during the last 24 hours.
Featured Picture: Shutterstock/WhiteBarbie/Mia Stendal
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