Cryptokoin.com - Master cryptocurrency analyst Nicholas Merten said that Bitcoin could only be a few months away without breaking the all-time high of $ 20,000. He also emphasizes that analyst Ethereum will explode in a few months.
Nicholas Merten: Bitcoin can see $ 100,000 in November 2022 and $ 20,000 in a few months
In a new episode of DataDash, crypto analyst Nicholas Merten says that BTC is in a good position to start a parabolic rally, looking at the boom and collapse cycles of the king cryptocurrency. Nicholas Merten adds:
When I look at BITCOIN'S MONTHLY GRAPH, I HAVE A REALLY INTERESTING SIMILARITY, ITS ONLY A FEW MONTHS OF USING OVER 20,000 DOLLARS. THE FIRST THING I WANT TO FOCUS ON, LONG-TERM GRAPHICS, EXPANDING CYCLES. WE TALKED ABOUT THIS: HOW EVERY NEW CYCLE IS EXPANDED FROM 11 TO 13 MONTHS. IN THAT CASE, WE ADDED 12 MONTHS TO PREVENT THE PREVIOUSLY, AND WE EXPECT THAT TO BE SUMMIT BETWEEN 100,000 DOLLARS IN NOVEMBER 2022.
Master analyst: Bitcoin can trigger an altcoin season
The crypto strategist says the $ 100,000 BTC estimate is conservative, especially compared to other analysts who estimate that Bitcoin will rise to $ 500,000. When BTC starts recording new heights, Nicholas Merten believes that a rising tidal wave will lift all boats and trigger a new altcoin season. The analyst says that the Bitcoin domination chart gives similar signals to the 2015-2017 altcoin bull market. Nicholas Merten adds:
I THINK THIS HISTORICAL SIMILARITY IS A GOOD SIGN THAT WE CAN BE AT AN EARLY PHASE OF AN ALTCOIN CYCLE VERY SOON HERE. AND EVEN THIS TIME, I HAVE REACHED 66% OF THE MARKET DOMINATION FOR BITCOIN, EVEN THIS TIME, THE LARGE ALTCOIN FIELD HAS NOT STARTED. GENERALLY, THE BENEFITS ARE APPROACHING FOR THE ALTCOIN AREA… EVEN IN THIS EARLY MOVES, YOU CAN PROVIDE GREAT BENEFITS IF YOU ARE STARTING THE RIGHT CALLS.
Nicholas Merten: Ethereum looks ready to explode in a few months
Nicholas Merten suggests that Ethereum will lead the new altcoin spring. Analyst said that the second largest cryptocurrency, Ethereum, is preparing to explode in a few months. Nicholas Merten adds:
WHAT WE WANT TO SEARCH IS A FINAL COPPER AND CONTINUED OF HIGH LOW AND HIGHER OVER THIS TIME. ACCORDING TO THE LOOK, WE ARE FORMATING FOR A TIME IN THE FALL OF 2020 WINTER, WE ARE CLOSE TO OUR GENERAL FORECASTS WHICH WE CAN SAY ABOUT ALTCOIN DOMINATION AND BITCOIN.