Bitcoin Faces Potential Double-Digit Correction if Key Support Fails
- Cryptocurrency analyst Justin Bennett warns of a potential bearish reversal for Bitcoin.
- The critical support level to watch is $106,000.
- If this support breaks, targets could be $101,000, $97,000, and $92,000 sequentially.
- Bitcoin’s outlook could turn bullish if it surpasses $110,000 on the daily chart.
- Bitcoin is currently trading at $107,560, about 4% below its all-time high of just under $112,000.
Justin Bennett indicates that Bitcoin may face significant declines if it falls below the crucial support level of $106,000. Current trading levels are slightly below its record high.
Source (2.6)https://dailyhodl.com/2025/05/30/bitcoin-at-risk-of-breakdown-if-major-support-level-fails-says-trader-justin-bennett-here-are-his-targets/?rand=59076
