A popular cryptocurrency analyst and trader is predicting a massive rally for Bitcoin (BTC) as the bulls try to hold the support around $40,000.
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Justin Bennett said that Bitcoin’s bounce from the 90-day low of $39,796 shows that BTC is ready for a relief rally.
In December, Bitcoin dropped by 22% of its value in a single day from around $53,000 to $42,000 before buyers stepped in and pushed BTC to $49,152. In a new YouTube video, Bennett says he saw BTC rallying above the $50,000 level.