Justin Bennett: BTC’s Historic Charts Is Almost “Like Having A Cheat Code”

Justin Bennett, a popular crypto analyst and trader, is using historic charts to predict the next moves for the leading crypto asset Bitcoin (BTC).

Justin Bennett shares with his 83K followers on Twitter that using comparing Bitcoin’s historic charts is almost “like having a cheat code.” Reading his crystal ball, a new all-time high of $80,000 is not far away, after which $100,000 is next.

“The 2017 fractal accounts for this week’s pullback.

Each move this cycle has been a little less aggressive than in 2017.

It was a 13% pullback then. Probably an 8-10% pullback now, or $60k BTC.

Then $80k+ in early November, $65k retest in mid-November, and $100k+ in December.

This is like having a cheat code

As long as it doesn’t deviate.”

This is like having a cheat code as long as it doesn't deviate.

— Justin Bennett (@JustinBennettFX) October 22, 2021

The analyst looks into the Bitcoin candles chart and predicts pullback that mirrors a 2017 price drop.

“Here’s that slight BTC pullback I was referring to yesterday.

Next area of support is $58,000 – $60,000.

Bitcoin needs to reclaim the $64,000 area to become constructive again.”

Here's that slight $BTC pullback I was referring to yesterday.

Next area of support is $58,000 – $60,000.#Bitcoin needs to reclaim the $64,000 area to become constructive again. https://t.co/pp6Wh3McWO pic.twitter.com/xaYLDDygID

— Justin Bennett (@JustinBennettFX) October 22, 2021

Bennett draws a price road map where Bitcoin moves well past $100,000 into the $200,000+ range by early January 2022.

“I think something like this is much more likely.”

I think something like this is much more likely.$BTC https://t.co/22MWI7kUeC pic.twitter.com/0DNFeTVxjx

— Justin Bennett (@JustinBennettFX) October 21, 2021