According to Nicholas Merten, a popular YouTuber and crypto analyst, Bitcoin is set to pump considerably as it has already begun a bull run, The analyst says that the recent Bitcoin rise is only the beginning of a bull cycle that will see the king coin hit $100,000 within two years.
Speaking in his latest video, Merten said that the Bitcoin community has been waiting to see the asset climb for quite a while. The YouTuber now believes this has begun, pointing to a bullish future for the coin.
Merten specified that Bitcoin’s current trend is different from previous cycles, with the current one a lot more feasible. He then says:
“If we take a look at the logarithmic chart, where we have the line resistance that’s curving over time, it’s roughly around a big even of $100,000.”
Speaking on the king coin’s short-term trend, Merten says Bitcoin would continue its current rise, and then hit $12,000. If this happens, he believes, Bitcoin would go all the way to $14,000.
According to him, altcoins will also become bullish soon. Merten says that the Bitcoin pump will affect other cryptocurrencies. He specified pumps in Ether (ETH), Litecoin (LTC), and ADA. Merten says that the pump in altcoins should begin sometime in the next two weeks.
Recently, popular Wall Street veteran Max Keiser, also said Bitcoin will hit $28k.
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