A leading crypto trader says Bitcoin (BTC), Ethereum (ETH) and other top digital assets are showing signs of continued near-term growth.
Justin Bennett, Cryptocurrency Analyst declare to to his 107,300 Twitter followers to expect volatility today due to the release of non-farm payrolls numbers, a measure of the strength of the US economy that excludes owners, employees of home, unpaid volunteers, agricultural employees and unincorporated self-employed.
“BTC is showing some signs of life. Same for ETH and others.
But don’t forget that Friday is the non-farm pay slips, so expect some volatility at 8:30 a.m. EST. »
Yesterday the analyst suggested that BTC was already going up.
“Regardless of what happens in the short term, I think the writing is on the wall for BTC. »
Then this morning, with BTC trading at $20,294, Bennett apparently confirmed its bullish assumption.
« Good morning fam.
BTC looks ready for $21,400. »
Bennett then turns to the S&P 500, a stock market index that tracks 500 publicly traded US companies. the trader believes that S&P’s current moves spell short-term success for Bitcoin, Ethereum, and other top crypto projects.
“What a rally in the S&P 500 just from the 3900 support.
A nice bullish hammer/pin bar as well.
Perhaps a return to the 4,100 resistance from here, which would take the crypto higher in the near term. ”
