A popular crypto analyst, Justin Bennett, is predicting a bullish end to the year for Bitcoin and Ethereum. He believes both cryptocurrencies are poised for significant price increases.
Ethereum’s Next Big Move
Bennett, who boasts a large following on X (formerly Twitter), foresees Ethereum (ETH) breaking through its current resistance level of around $4,000. He suggests that once this happens, ETH could easily surge to $4,800, potentially even reaching the mid-$5,000 range, creating a new all-time high. He anticipates that profits from Bitcoin’s recent gains will flow into Ethereum, fueling this upward momentum. At the time of his prediction, Ethereum was trading at approximately $3,873.
Bitcoin’s “Santa Claus Rally”
Bennett is even more bullish on Bitcoin (BTC), calling its current price action a “full Santa Claus mode” rally. He expects Bitcoin to break through its resistance level and potentially reach prices as high as $116,000 or even $125,000 by the end of December. He points to speculation about Bitcoin potentially becoming a US reserve asset under a Trump administration as a contributing factor to this bullish outlook. At the time of his prediction, Bitcoin was trading at around $106,339.
Focus on BTC and ETH
Bennett advises focusing on Bitcoin and Ethereum for the next couple of weeks, suggesting that other cryptocurrencies (“alts”) will likely see their time to shine later. He believes the major gains will come from Bitcoin and Ethereum before the year ends.
Disclaimer: This information is for general knowledge and shouldn’t be considered financial advice. Investing in cryptocurrencies is risky, and you could lose money. Always do your own research before making any investment decisions.
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