Crypto strategist and master analyst Nicholas Merten names the seven altcoins, which he believes are in a good position to rise in a new bull market.

Nicholas Merten: Bitcoin is probably approaching $ 11,000 here

In the last part of DataDash, crypto analyst Nicholas Merten examines when the altcoin market can start returning. The analyst says the following:

BITCOIN IS POSSIBLE CLOSING UP TO 11,000 DOLLARS HERE, BTC RUNS UP TO VERY LONG-TERM WEDGE, RUNS UP THE RESISTANCE AND GIVES SUPPORT FOR THE MONTHS Ahead. IF BITCOIN CAN DO THIS AND START TRIGGERING THE NEXT CYCLE, THIS IS A VERY GOOD NEWS FOR ALTCOINS. So why so? BECAUSE WE NEED THE INCREASED LIQUIDITY AND VALUE INCREASE IN THE BITCOIN MARKETS, Often THIS KIND OF BENEFIT FLOWS TO THE ALTCOIN MARKETS.

Masteranalyst: We can see fireworks in Ethereum before the end of 2020

If a new altcoin season begins, Nicholas Merten says we can see the fireworks in Ethereum (ETH) before the end of 2020. Analyst adds:

WHAT WE WANT TO SEARCH IS A FINAL RELEASE AND CONTINUED ON THIS TIME…. ACCORDING TO THE LOOK, WE ARE FORMULATED FOR A TIME OF 2020 WINTER, WE ARE SO CLOSE TO OUR GENERAL FORECASTING WE CAN SAY ABOUT ALTCOIN DOMINATION AND BITCOIN.

Nicholas Merten’in ilgilendiği bir diğer altcoin Litecoin

Another altcoin that Nicholas Merten is interested in is Litecoin (LTC). While the analyst expects cryptocurrencies to continue its downward trend against Bitcoin in the short term, it is seeing a strong improvement on the horizon. Analyst adds:

LITECOIN IS DREAMING TO BITCOIN IN A DIFFERENT DRAMATIC SHAPE IN THE LAST WEEK WEEKS. IF WE SEE THAT WE VISIT THIS OVERALL RANGE WHICH WE SEE IN 2017 AND LATER THAT WE HAVE A STRONG RECIPE, THIS POSSIBLE WILL BE THE SIGN OF THE ALTCOIN CYCLE.

The famous analyst is a ChainLink fan! Here are other altcoins that he thinks will rise

Nicholas Merten is also a fan of ChainLink (LINK). Instead of sharing his technical knowledge for LINK, Nicholas Merten explains the use of cryptocurrencies, which increased by 121% in 2020 compared to 35% of Bitcoin. Analyst adds:

WE CAN HELP TO CLOSE THE GAP BETWEEN THE EXTERNAL WORLD WITH ALL THE TRADITIONAL INSTITUTIONAL SERIES, AND IN fact, I HAVE TO BIND THIS SMART CONTRACTS AND OTHER PROTOCOLS IN ETHEREUM BLOCKCAHİN. I think CHINAINK will not only serve ETHEREUM, but it will serve HYPERLEDGER and BITCOIN at the same time.