Crypto analyst Justin Bennett has made a prediction regarding Bitcoin's price trajectory. He anticipates that Bitcoin might retrace to around $63,000 following the recent market rally. This movement is part of Bitcoin's attempt to achieve a new all-time high.

The cryptocurrency recently experienced a weekly high, peaking at approximately $69,000, marking its highest level since late July.

Bennett's insights have garnered attention as investors watch for potential market shifts in Bitcoin's valuation.