There are all kinds of crypto predictions these days amidst the crypto market pullback. Check out the latest price predictions involving Bitcoin and Cardano.
It’s been just revealed that the crypto investor and technical analyst Justin Bennett believes that Bitcoin (BTC) still looks “pretty good” amid the market pullback. He is also predicting a major boost for Cardano (ADA) and other altcoins.
Bitcoin’s recent aggressive pullback is in discussion
In the latest edition of his Cryptocademy newsletter, Bennett discusses Bitcoin’s recent “aggressive” pullback to $63,000.
“Bitcoin just shook out a lot of excess leverage with an aggressive pullback to $63,000. So is that it? An extended pullback here certainly doesn’t fit the 2017 fractal that I’ve discussed several times. But that doesn’t mean it can’t or won’t happen.”
Bennett also posted the following tweet:
#Bitcoin still looks pretty good here, and there’s a ton of support that’s built up above $60,000.
Higher highs and lows are the key.
So far, so good for $BTC.
Who knew that would turn into a rhyme? pic.twitter.com/WUAQjoTMqW
— Justin Bennett (@JustinBennettFX) November 11, 2021
He also tweeted a prediction about the price of Cardano:
$ADA has reclaimed $2.15. So that’s now a substantial support area.
— Justin Bennett (@JustinBennettFX) November 10, 2021
Bitcoin is the lowest-risk asset you can buy
MicroStrategy’s Michael Saylor said that right now, Bitcoin is the lowest-risk asset that you can buy.
It’s been revealed that Saylor is telling investors that buying Bitcoin is better than putting their money into traditional assets like stocks, bonds, and gold.
I understand the frustration, but if those who support sound money lose 98% of their wealth over a five year period because they chose #Gold over #Bitcoin, it really doesn’t help the cause. You can’t win the war for sound money by impoverishing yourself & your teammates. pic.twitter.com/408agEOu0e
— Michael Saylor⚡️ (@saylor) November 11, 2021
In a new interview with John Darsie, the director of business development at alternative investments firm SkyBridge, Saylor compares Bitcoin against other asset classes in the past 10 years.