The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Markets in Midst of ‘Full Recovery Back to All-Time High’, According to Analyst Nicholas Merten

by Daily Hodl Staff
August 18, 2021
in Bitcoin

Crypto analyst Nicholas Merten says Bitcoin and the crypto markets look like they’re in the middle of a full recovery back to all-time highs.

Merten analyzes Bitcoin in a new strategy session and says that the world’s leading cryptocurrency is behaving more like a correction within a broader bull market, rather than presenting as a dump into a bear market.

The analyst especially takes note of BTC appearing to make two obvious higher highs and higher lows ever since rallying from below the $30,000 level.

“This is the kind of healthy sign that showcases that we’re going through a full recovery here back to the all-time highs. This is nothing more than a mid-cycle correction. The price action we’re seeing here is exactly what we would expect. A recovery here that’s coming in just about as fast as the downward move [in May] where we’re setting in these higher ranges of support, higher ranges of resistance, with generally higher lows as higher highs, and eventually setting the stage to be able to move higher here for price and get back to the previous all-time highs.” 

When it comes to Ethereum, Merten says the second-largest crypto by market cap is mimicking Bitcoin, making moves that are not characteristic of a bear market.

“Ethereum is holding up really well against Bitcoin. Again, you wouldn’t be seeing this in a bear market. We’re seeing here that again we’ve had the consistent support range just like Bitcoin. We came up here, and now it looks like we’re looking to set a higher support range on these previous points of resistance here after the May sell-off.”

The crypto analyst says Bitcoin and Etheruem aren’t alone in their recoveries. According to him, the altcoin markets are looking strong too with more and more digital assets starting to catch up to the leading cryptocurrency.

“Now we’re starting to see a more solidified altcoin trend across the board. We’re getting more players that are outpacing Bitcoin over the last 90 days. You’ve still got your Axie Infinity (AXS), Quant (QNT), LUNA, some of these outlier plays. But you’ve also got Solana (SOL) popping up here, Elrond (EGLD), AMP, CRO. You still got a variety of altcoins that are starting to catch up to Bitcoin even after the brutal May decline that we had.”

l

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/MAX 3D Design

Submit a Press Release

Industry Announcements

  • Meta Earth Network 2.0: Pioneering Web3 Innovation with Rewards and Global Events
    June 20, 2025
  • Perceptron Network merges with BlockMesh to Create First End-to-End Decentralized AI Data Infrastructure
    June 20, 2025
  • Bubblemaps Integrates With TON, Enhancing Transparency in Telegram’s Native Blockchain Ecosystem
    June 19, 2025
  • NATIX Network Launches DePAI Initiative, Merging DePIN Infrastructure With Decentralized AI
    June 19, 2025
  • BitVault Raises $2 Million From GSR, Gemini and Auros To Launch BTC-Backed Money
    June 18, 2025
  • TAC Raises $11.5 Million To Bring DeFi to Telegram’s Billion-User Ecosystem
    June 18, 2025
  • Falcon Finance Launches Pilot Season of Falcon Miles Points Program To Reward Ecosystem Participants
    June 18, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$104,262.93
$104,262.93
0.05%
Ethereum
$2,497.02
$2,497.02
0.04%
BNB
$645.24
$645.24
0.68%
Solana
$143.65
$143.65
0.11%
XRP
$2.14
$2.14
0.51%

Spotlight

  • Hacker Strikes Mortgage Firm, Steals Personal Info From 30,453 People, Including Security Numbers, Names and Account Details
    June 13, 2025
  • $190,000 Bitcoin Within the ‘Realm of Possibility,’ According to Analyst Kevin Svenson – Here’s His Outlook
    June 13, 2025
  • Trump Calls Fed Chair Jerome Powell a ‘Numbskull,’ Claims Lack of Rate Cuts Are Costing US $600,000,000,000 a Year
    June 13, 2025
  • Here Are the Possible Bearish Targets for Bitcoin After BTC Fails To Break Out Above Major Level, According to Crypto Analyst
    June 13, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl