Top Trader Warns Things Aren’t Looking Good for Crypto, Updates Outlook on Bitcoin (BTC)
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A widely followed crypto analyst is warning traders to be on the lookout for tough months ahead as the markets retrace. Crypto trader Justin Bennett warns his 112,000 Twitter followers that the total crypto market cap (TOTAL) is on its way down. “TOTAL” Source: Justin Bennett/Twitter TOTAL is a market cap measure of the entire digital asset space, Bitcoin (BTC) and altcoins included. Bennett also sees warning signs for the crypto markets in the traditional financial markets. He says the S&P 500’s (SPX) recent drop spells trouble for crypto. “It isn’t looking good for stocks and crypto, barring a significant recovery from SPX today.”
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A popular crypto trader says only a miracle can change the trajectory of the two largest crypto assets by market cap. In the latest TechnicalRoundup newsletter, pseudonymous crypto analyst Cred says... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go…