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The Daily Hodl
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Bitcoin About To Break All-Time Highs Quicker Than Traders Think, Says Analyst Nicholas Merten – Here’s Why

by Daily Hodl Staff
April 4, 2022
in Bitcoin

Crypto analyst and DataDash host Nicholas Merten says Bitcoin (BTC) will hit new all-time highs sooner than most traders think.

In a new DataDash YouTube update, Merten tells his 514,000 subscribers that BTC will retest $65,000 much faster than most anticipate, with underlying fundamental developments fueling the move.

“It’s going to happen much much quicker than people will think here for Bitcoin to be able to retest back up to this range [$65k]. It just takes a little more Bitcoin being moved with the market, slightly more confident price action than what we had back here back a couple months ago in the first quarter of 2022, and a good catalyst for a couple of institutional investors to buy some positions, even retail traders, and boom, you start seeing prices get back up to $65k really quick…

Potentially even setting in a third new significant all-time high since back in 2021 where we’ve had these kinds of zig-zagging, mid-cycle corrections, mid-cycle rallies… and I think this time we can see Bitcoin get back above that range and set new all-time highs but on top of that make that previous resistance range of higher highs, make that into new support.”

Merten foresees Bitcoin flipping $65k from resistance to support and using that support to boost itself to previously unseen levels before the end of the year.

“What we generally see here, as we’ve had drawn on the chart for some time, is that after we go through this May rally, even if we get a slight pullback here in the middle of the month, we would still continue higher here, get well up here towards around $75-90k for Bitcoin’s price, come down and make that support, and going from August or Septemeber, really starting to charter into November and December, up towards around $150-$200k.”

Source: DataDash/TradingView

Bitcoin is trading for $45,825 at time of writing, down 1.5% over the last day.

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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 loses 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.

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