Prominent analyst Justin Bennett predicts Bitcoin and a mid-cap altcoin will reverse their correction and return to bullish territory.

Bennett told his 95,000 followers on Twitter that Bitcoin could double bottom after retesting the December 4th low near $ 40,000. It will then rally to $ 60,000.

“I still want BTC to fill the December 4th candle wick.

So it could be … “.

BTC / USDT 4-hour chart | The source: Justin Bennett

In a new video, Bennett explains why he remains bullish on Bitcoin even as it falls below the psychological level of $ 40,000.

“At the moment there are two possible scenarios. Bitcoin will retest $ 40,000 or reclaim $ 53,000 from here. I am not against the idea of ​​switching under $ 40,000. I know a lot of people say that when Bitcoin drops below $ 40,000, it is a very bearish thing.

I get that. You don’t want BTC to close below $ 40,000. But even if it tests $ 35,000 again, the long-term bias remains bullish as the long-term ascending support line remains intact. ”

BTC / USDT daily chart | The source: Justin Bennett

Bennett also has an eye on the VeChain (VET) supply chain management platform. The analyst says VET can reverse its downtrend at $ 0.059, including the horizontal support area and the long-term ascending support line.

“Typically, assets need a technical catalyst to reverse a trend. Hence, VET could return to this zone, test it as a support and start a rally in 2022. ”

Daily VET / USDT Chart | The source: Justin Bennett

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