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As Bitcoin Rebounds, Popular Crypto Analyst Says This Altcoin Is Breaking Out – Ethereum – United States Dollar ($ETH)

As Bitcoin Rebounds, Popular Crypto Analyst Says This Altcoin Is Breaking Out
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as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) rebounded on Tuesday night along with other cryptocurrencies after the Federal Reserve Chairman Jerome Powell Saying that the era of low interest rates is likely to continue, a famous cryptocurrency analyst shared his thoughts on three different cryptocurrencies.

What happenedCryptocurrency Analyst Justin Bennett He told his 97,000 followers on Twitter that he thinks Bitcoin could look to the $45,600 level as a “first stop” higher.

So far, so good from BTC dollars.

I got to top up 40 thousand dollars. Now looking for $45,600 as a first stop on the road. # bitcoin https://t.co/fu3TUk1o1U pic.twitter.com/Sq730wlatH

– Justin Bennett (@JustinBennettFX) January 11 2022

He added that Wednesday’s release of Consumer Price Index CPI is likely to have an impact on whether Bitcoin rises to the $53,000 level.

Regarding Ethereum, Bennett said on his YouTube channel that the cryptocurrency has entered the support zone in the $2800 to $2900 range he mentioned last week.

“So, we need to see a daily close above this area to confirm the breakout, reverse that back to the support and then move that potential rally here towards $3,600,” Bennett said, pointing to the area around the $3,248 level.

Alternatively, Ethereum could move into the $2,800 to $2,900 range if it fails to break the resistance at $3,170, he noted.

See also: How to buy Bitcoin (BTC)

Bennett thinks kitty ino (CRYPTO: KITTY) is just getting started, with the play-for-profit (P2E) beta release scheduled for late January or early February.

kitty $ He started hacking. I have bought more than twice since the low on Jan 6th. # kitty card The beta version of the game will be released in late January/early February. The full game is scheduled to be released later in the first quarter.

No, it’s not a meme coin. that it #P2E.

Currently, the market value is $20 million.#KITTYINU pic.twitter.com/18U8mtOVSf

– Justin Bennett (@JustinBennettFX) January 11 2022

The coin is currently up 8.5% in the past 24 hours and is trading at $0.00004672 at the time of writing.

Bennett pointed out that the file US dollar index (DXY USD) It remains range bound and would like to see it soon below the $95-$95.50 range to confirm the ‘next phase down’.

DXY Dollars It is still limited in scope. I would like to see it close below 95-95.50 to confirm the next leg down, which should relieve some pressure from it. # encryption.

let’s see. pic.twitter.com/8PzLh4F9jD

– Justin Bennett (@JustinBennettFX) January 11 2022

The US dollar index has risen more than 7% over the past year against a basket of currencies that do not include cryptocurrencies.

price movement: Bitcoin is up 1.5% in the past 24 hours, trading at $42,750.02 at the time of writing, while Ethereum is up 3.9% to $3,237.81.

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