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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/crypto-analyst-foresees-bitcoin-dip-and-altcoin-rally" rel="noopener noreferrer nofollow">Crypto Analyst Foresees Bitcoin Dip and Altcoin Rally</a><br></p>
<p style="text-align: justify">A renowned cryptocurrency analyst, Justin Bennett, has provided his insights on the future market movements of <a href="https://en.bitcoinhaber.net/bitcoins-trajectory-from-etf-launch-to-halving-event-anticipation" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) and alternative cryptocurrencies (altcoins), with a particular focus on Ethereum (ETH). Bennett anticipates a possible downturn for Bitcoin that could prompt a significant surge in altcoin values, notably for Ethereum. His projections draw from the historical market behavior observed in 2021.</p>
<h2 id="ethereum-s-potential-for-explosive-growth">Ethereum’s Potential for Explosive Growth</h2>
<p style="text-align: justify">Bennett asserts through his social media channel that altcoins might mirror the pattern from 2021, which could trigger a substantial price increase. He suggests that if Bitcoin follows its 2021 trend and experiences abrupt sell-offs over a two-month span, altcoins could reap considerable gains similar to those seen in the March-April period of that year. Focusing specifically on Ethereum, he recalls its 182% growth within 48 days during April-May 2021, which coincided with Bitcoin’s peak. Bennett urges investors to prepare for altcoin accumulation but advises waiting for the optimal moment.</p>
<p style="text-align: justify">In his analysis of Ethereum’s weekly chart relative to Bitcoin, Bennett observes that the ETH/BTC pair seems primed for a rally, potentially targeting the 0.15636 level, which would equate to $8,062 given current prices. Presently, the ETH/BTC pair has shown over a 1% increase in 24 hours, sitting at the 0.05773 level or $2,980. He suggests that Ethereum could revisit its all-time high of $4,878 if it returns to the 0.08597 peak level of 2021-2022 while Bitcoin remains stable at around $50,000.</p>
<h2 id="possible-price-retraction-for-bitcoin">Possible Price Retraction for Bitcoin</h2>
<p style="text-align: justify">Despite his positive outlook for altcoins, Bennett expresses concern that Bitcoin’s value might retreat to a range between $30,000 and $35,000. He cites the liquidation heat map as the primary tool for this analysis, which identifies potential levels for large-scale liquidations and key support zones. According to the map, there is a significant buildup in the $30,000 to $35,000 area for Bitcoin. Bennett speculates that market makers could target this range to exploit the accumulated liquidity.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/crypto-analyst-foresees-bitcoin-dip-and-altcoin-rally" rel="noopener noreferrer nofollow">Crypto Analyst Foresees Bitcoin Dip and Altcoin Rally</a></h5>

Crypto Analyst Foresees Bitcoin Dip and Altcoin Rally

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