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A well-known trader in the cryptocurrency space is predicting that Bitcoin (BTC) is gearing up for another major rally. Credible Crypto, an analyst with a large following on social media, believes that BTC is showing signs of mimicking a pattern seen in previous years when it experienced significant price surges. The analyst’s chart suggests that Bitcoin could rally above $42,500 by December 11th. Credible Crypto also points to other data sources, such as Bitcoin’s open interest and spot trading activity, to support his bullish outlook. He notes that leveraged traders have been flushed out of the market, and spot traders are accumulating Bitcoin during dips. Overall, the analyst believes that the current market conditions indicate a healthy and potentially shallow dip for Bitcoin. At the time of writing, BTC is trading at $37,239.