Major Bitcoin Relief Rally Imminent As Sellers Lose Confidence, Says Crypto Analyst Nicholas Merten
— Relief, Sellers, Hodl, Crypto, Lose, Price, Nicholas, Digital, Market, Major — 1 min read
Nicholas Merten says more people are now willing to buy Bitcoin as sellers of the flagship digital asset have been forced out of the market. From its current price of $21,135, the analyst predicts that Bitcoin may rally to as high as $30,000, a 42% increase. The top crypto asset by market cap has been trading sideways for a month now, and it could be poised for a steep rally if it manages to break out of its current channel. If price starts to go substantially in the other direction, especially getting above this channel [$20,000], you’ve got a whole lot of shorts who could very well be taking significant losses… causing a massive short squeeze to the upside. The Daily Hodl is not an investment advisor. Source