Bitcoin to Surpass $20,000 Within Two Months, Says Analyst

The CEO and Founder of DataDash, Nicholas Merten, predicts that Bitcoin will surpass $20,000 within the next two months

Merten made the revelation via DataDash’s YouTube post. By examining Bitcoin’s historical data, he observed that each new cycle now takes anywhere between 11 to 13 months.

Based on his analysis, Merten is confident Bitcoin will exceed its current all-time high. “We’re just a couple of months away from getting back above $20,000,” he said. And it doesn’t stop there. He further added that the price will continue to rise until it peaks around $100,000 in November 2022.

Although Merten’s prediction is five times Bitcoin’s current ATH, he says he’s being conservative compared to others. For example, two weeks ago, an early Bitcoin developer and CEO of Blockstream, Adam Back, told Bloomberg that Bitcoin will reach $300,000 within the next five years.

Merten also spoke about altcoins. According to him, the next altcoin cycle will not occur until Bitcoin hits its current $20,000 ceiling. A wave of new highs will pull up other strong altcoins such as Ethereum.

In a previous DataDash episode, Merten explained that Ethereum will lead the next bullish round of the altcoin cycle. “It looks like we’re formulating for [a new altcoin cycle] sometime around in the fall to the winter of 2020,” he said.

Back in February, TV host, Max Keiser predicted that Bitcoin would hit $400,000.

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