There are all kinds of optimistic predictions about the prices of cryptos these days. Check out the latest ones below, which are floating around UniSwap and VeChain.
Justin Bennett is predicting new all-time highs as he provides the outlook for some critical digital assets.
Bitcoin and Ethereum price predictions
In a newsletter, the crypto analyst said that if Bitcoin (BTC) replicates the 2017 price action, it could hit $80,000 sometime in November.
“…if Bitcoin continues following its 2017 fractal, we should see prices reach $80,000 or more later this month.”
On the other hand, he said that if BTC loses support at $60,000, it could fall by between 3% and 9% from that key psychological level.
“…$60,000 is critical support; it has been for the last few weeks. Below that is $58,000 and $55,000.”
At the moment of writing this article, BTC is trading in the red, and the king coin is trading at $61,765.
Regarding Ethereum, Bennett says it could surge by up to 350% from current levels.
“If we assume the last few months is a massive cup and handle pattern, the measured objective is between $6,000 and $6,500. But as I’ve stated for a few weeks now, a cycle peak in January puts the price of ETH somewhere between $15,000 and $20,000, in my opinion.”
VeChain and UniSwap predictions
About VeChain, the analyst has the following words to say:
“…VET/USDT needs to get above the $0.15-$0.16 region to open up $0.19. Above that are the all-time highs near $0.28. My guess is that we’ll continue to see some sideways consolidation here before the next leg up. That’s especially true if Bitcoin follows the 2017 fractal this month.”
He also offers his opinion about UniSwap.
He said that UniSwap needs to convert the $27.60 resistance level into a support level before it can surge higher.
“…there’s also a horizontal level at $27.60 that UNI needs to clear on a daily closing basis to flip to support. Above $27.60 is $36 and $44.”
Stay tuned for more news.