Collapse Warning for Bitcoin and S&P 500 Index
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Cryptocurrency analyst Justin Bennett warned that Bitcoin may fall further and the S&P 500 index may be approaching its peak. Bennett stated that the USDT.D chart, which shows Tether's dominance, indicates that the Bitco price will decrease. The rise in this chart is generally considered a negative indicator for 
Bitcoin and altcoins, as it indicates that investors are leaving cryptocurrencies and turning to stablecoins.
The Trend on USDT.D Chart and the Future of Bitcoin
Bennett previously suggested, based on the USDT.D chart, that Bitcoin could lose around 30% in value and drop to $30,000 levels. According to the analyst's assessment, the unchanged trend on this chart since October 2023 indicates a significant decline in Bitcoin price.
Peak Warning for S&P 500 Index
Analyst Bennett stated that the S&P 500 index similarly exhibited a market structure similar to the market structure at the Bitcoin peak in April 2021, and therefore it may be very close to the peak. Bennett thinks that the index is approaching the psychological level of 5000 points by 1%, which means the peak.


In summary, according to Bennett's analysis, both Bitcoin and the S&P 500 index are at significant levels and a downward trend is observed for both markets. Investors and
traders can take precautions against market movements by taking such analyzes into consideration. #Write2Earn #BTC #BTC #newtok #PENDLE