"Time Crunch": Cryptocurrency Trader Justin Bennett Delineates Two Prospective Bitcoin Outcomes Following BTC's Rebound from Significant Support Threshold

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Hey there! Let's dive into the latest crypto news and analysis. Today we're talking about Bitcoin, and guess who's doling out predictions? That's right, the king of crypto analysts himself, Justin Bennett.

Bennett's been examining the flow of Bitcoin like a seasoned fisherman, and he's got two main routes he sees this mother of all cryptos taking.

First things first, the unlucky dip. If Bitcoin bulls don't стeп up their game and defend the $100,000 mark, brace yourself for a plunge below the six-figure territory. Yikes!

But now for the silver lining, dude. If Bitcoin can bounce back from that $100,000 support level and surge towards the $105,000 resistance level, it's straight to the dance floor, baby! This baby could potentially break through that $106,000 resistance and soar even higher.

Now, what's in the way? The US stock market for starters, Tether's dominance levels, and other factors lurking like sharks in the market depth.

Bennett also gave the head's up about how Tether dominance drops inversely with Bitcoin, so keep an eye on that if things get fishy.

As I'm typing this, Bitcoin's currently trading at $105,202, a small increase on the day. But let's see if it can push through that resistance like a true rebel.

Now, enough crypto chit-chat. Let's move on to some industry announcements.

The Global Crypto Exchange 'IMBX' has debuted with a state-of-the-art trading platform, making waves in the crypto space.AiXuSpeed reported $500,000 in token commitments within the first 72 hours of their pre-sale.Galaxy Ventures backed RISE Chain, bagging an $8 million fundraising to launch the fastest zone for real-time apps on Ethereum.BitMEX launched the June Jumpstart trading competition, promising a three BTC prize pool for the winners.Founders of LayerZero, SEI, Selini Capital, and Plume backed Hyper-Personalized AI Crypto Discovery Engine.MEET48 launched their IDOL airdrop ahead of their TGE, leading the charge in Web 3.0 entertainment.*Lastly, AB launched on Binance, adding another token to the exchange's impressive lineup.

That's all for now! Stay tuned for more crypto updates, and remember, the market always has a trick up its sleeve.

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Stay toxic, stay crypto.

Note: The views expressed are not financial advice. Always do your own research before making any high-risk investments in Bitcoin or cryptocurrency. The Daily Hodl participates in affiliate marketing.

Image Source: Shutterstock/vvaldmann/Konstantin Faraktinov, edited for size and quality.

Industry Announcements

Global Crypto Exchange 'IMBX' Debuts With Next-Generation Trading PlatformJune 9, 2025
AiXuSpeed Reports $500,000 in Token Commitments Within First 72 Hours of Pre-SaleJune 9, 2025
Galaxy Ventures Backs RISE Chain, $8 Million Raised To Launch Fastest Zone for Real-Time Apps on EthereumJune 9, 2025
BitMEX Launches June Jumpstart Trading Competition With a Three BTC Prize PoolJune 9, 2025
Founders of LayerZero, SEI, Selini Capital and Plume Back Hyper-Personalized AI Crypto Discovery EngineJune 8, 2025
MEET48 Launches IDOL Airdrop on June 9th Ahead of TGE, Leading Web 3.0 EntertainmentJune 7, 2025
AB Launches on BinanceJune 7, 2025

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"Time Crunch": Cryptocurrency Trader Justin Bennett Delineates Two Prospective Bitcoin Outcomes Following BTC's Rebound from Significant Support Threshold