Bitcoin is poised to regain the spotlight once again after holding above the $40,000 support level, according to an analyst. The pseudonymous analyst, known as Credible Crypto, believes that Bitcoin is on the verge of a significant upward move. He suggests that as long as Bitcoin remains above $40,000, we can expect a strong rally in the coming days. Credible Crypto highlights that while retail traders are occupied with trading altcoins, institutional investors are quietly accumulating Bitcoin during its dip. The analyst also predicts that Bitcoin will revisit the $40,000 level before embarking on a steep rally towards a new high in 2023. At the time of writing, Bitcoin is trading at $41,974.
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Bitcoin About To Take Center Stage Again After BTC Holds $40,000, According to Analyst – Here’s His Outlook
