Nicholas Merten: Bitcoin On Track For Parabolic Recovery

Next stop $60,000? Nicholas Merten is predicting we might see Bitcoin taking this trajectory and then $150-200,000 by year’s end.

“We’ve been seeing consistent confidence in price where buyers are coming in, bidding up the order book, driving Bitcoin’s price from this low-bound rage in the mid-$30,000 dollar range up towards around $39- to $40,000.”

As BTC continues to print bullish higher low setups, Merten predicts Bitcoin’s next stop could be to retest the $60,000 level, which Bitcoin touched twice in the past year.

“It looks like it’s setting up for the trajectory to have a third reattempt…

The third time may be the charm for Bitcoin, that we would get another retest of this general range around the mid-$60,000 range and eventually have the technical setup to be able to completely climb through and get a parabolic price for Bitcoin.

Somewhere around $150,000 to $200,000 by the end of this year.”

Master Asked on March 1, 2022 in Bitcoin.
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