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Bitcoin has not died for the 500th time, but market fear could easily convince you otherwise as analysts predict a slow return to higher levels.

BTC starts a new week with traders still digesting the impact of the last – a major price drop that at one point saw $41,900.

A modest recovery is now competing with some formidable resistance, the first of which is $50,000.

In other trending Bitcoin News today: Top Crypto Analyst Says Ethereum Rival Primed for Price Explosion, With ETH Itself Set for Monster Rally!

The pseudonymous trader known in the industry as Smart Contracter tells his 195,500 Twitter followers that Ethereum is primed for a monster rally against Bitcoin (ETH/BTC) after the pair broke out from a large bullish continuation pattern.

“ETH/BTC breaking out of a multimonth reaccumulation on a marketwide dump seems pretty bullish for alts in my opinion. 0.1 BTC ($4,885) and then 0.14 BTC ($6,839) will come sooner than people think. Imagine thinking this is a bear market.”

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

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