Market News

Analyst Nicholas Merten Anticipates Bitcoin (BTC) to Face Resistance, Forecasts Downward Movement

Analyst, Anticipates, Bitcoin, BTC, Downward, Face, Forecasts, Merten, Movement, Nicholas, Resistance

“Nicholas Merten foresees Bitcoin’s uphill battle against resistance, cautioning investors of an impending downward move that could redefine the crypto landscape.”



A prominent crypto analyst is predicting that Bitcoin (BTC) will face significant selling pressure and experience a significant decline. Nicholas Merten, the host of DataDash, believes that Bitcoin will struggle to break through its channel resistance between $30,000 and $33,000. He suggests that if Bitcoin fails to surpass this resistance, it could lead to a strong downward move. Merten also mentions that the only scenario in which he sees Bitcoin overcoming this resistance is if a BTC exchange-traded fund (ETF) is approved. Currently, Bitcoin is trading at $30,141, showing a 2.15% increase over the past 24 hours. It remains to be seen how Bitcoin will perform in the coming days and whether it can break through its resistance level.

Leave a Comment

Marriott’s European Expansion: 100 New Hotels, 12,000 Rooms by 2026 Snap Analyst Ratings: 12 Experts’ Viewpoints, Price Targets, and Performance Evaluations Dubai Floods and the Postponement of Token2049 Conference What Happens If You File Taxes After April 15? Iran-Israel Conflict Escalates, Threatens to Surge Oil Prices Above $100
Marriott’s European Expansion: 100 New Hotels, 12,000 Rooms by 2026 Snap Analyst Ratings: 12 Experts’ Viewpoints, Price Targets, and Performance Evaluations Dubai Floods and the Postponement of Token2049 Conference What Happens If You File Taxes After April 15? Iran-Israel Conflict Escalates, Threatens to Surge Oil Prices Above $100
Marriott’s European Expansion: 100 New Hotels, 12,000 Rooms by 2026 Snap Analyst Ratings: 12 Experts’ Viewpoints, Price Targets, and Performance Evaluations Dubai Floods and the Postponement of Token2049 Conference What Happens If You File Taxes After April 15? Iran-Israel Conflict Escalates, Threatens to Surge Oil Prices Above $100