Crypto Analyst Unveils Massive Year-End Targets for Bitcoin and Ethereum,

Justin Bennett tells his 61,600 Twitter followers that he expects Bitcoin to launch a staggering rally, well above the six-figure level, should the leading cryptocurrency shatter its current all-time high of $65,000.

“Most are underestimating the level of FOMO (fear of missing out) that will occur above $65,000 $BTC.

Everyone thought the bull market was over. If it isn’t and Bitcoin reclaims $65,000, we’ll see a FOMO event like never before. In which case, $200,000+ through EOY (end of year) is very much on the table.”

Although a $200,000 BTC is in the realm of possibilities, Bennett says that the path to a new all-time high won’t come easy.

“As always, there are no guarantees. Also, Bitcoin has a lot of work to do to reclaim $65,000. It won’t be easy. That said, I think many are still underestimating the potential for a second leg to this bull run.”

He’s also highlighting a key resistance for Bitcoin that if taken out, will likely ignite a run to $100,000.

“The second to last key resistance for BTC before new all-time highs is the $47,000 region. The last is, of course, $65,000. Flip $47,000 to support on the daily and weekly timeframes and the bull run likely continues to $100,000+. Looking for $40,000 to hold as support.”

Bennett is also looking at Ethereum, which he says is forming a bullish pattern inside a huge ascending channel.

“Another massive ascending channel. Not shocked.”

Based on the trader’s chart, the leading smart contract platform could top out at $18,000, representing a possible rise of over 475% from its current price of $3,130.

In the short term, Bennett sees the second-largest crypto asset surging to $3,600 provided it holds a key level.

“ETH has been a trader’s dream since July. No shortage of opportunities since rebounding from $1,700.

The next stop is $3,600 as long as $2,900 holds as support.”

dailyhodl.com