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Famous Analyst Commented on Bitcoin (BTC) and Ethereum (ETH)

Crypto analyst and trader Justin Bennett talked about the levels Bitcoin (BTC) and Ethereum (ETH) must overcome before hitting higher highs. Ennett thinks that if the leading crypto Bitcoin rises above two resistance levels in a row, it can reach the $ 60,000 level. “The real test for buyers is the $50,000 region. The $53,000 and $54,000 levels are a bigger test for the bulls. If Bitcoin breaks above the $53,000-$54,000 region at daily close, we could see it rebound to $60,000 or potentially higher.” The analyst says that if it stays in the current range for a long time, Bitcoin could drop to a recent low. “However, if Bitcoin continues to stay below the $50,000 and $54,000 levels, I will continue to watch the $42,000 region just in case.” At the time of writing, Bitcoin is trading at $ 51,169. Speaking about Ethereum, the analyst says that Ethereum is currently on the verge of breaking a cross resistance. “Ethereum is testing the descending trendline. This level coincides with around $4,050. A close above this could push the asset’s value up to $4,200. But I would like to see ETH/USDT rise above $4,500 to test its first high since November.” Talking about Chainlink, the analyst says that if the asset exceeds $ 23, it can rise to $ 26.50. He highlights that if the markets go badly, the support level of LINK is between $14 and $15.

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