Analyst Nicholas Merten Says One Altcoin Poised to Outperform Bitcoin As Crypto Markets Search for Direction

Analyst Nicholas Merten Says One Altcoin Poised to Outperform Bitcoin As Crypto Markets Search for Direction


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A prominent crypto analyst says there’s likely more pain in store for Bitcoin traders.

In a new episode of Data Dash, Nicholas Merten says that the current price action of Bitcoin (BTC) suggests a retreat to $9,000 is likely.

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“What we’re seeing right now is something that I really kind of feared in a sense for Bitcoin. It’s not anything bad in the long term, it’s just something in the short term…I guess it’s a good thing…it gives us a position to possibly build in a larger position  if we have some additional fiat…Taking a look at the logarithmic weekly chart for Bitcoin, we’ll take a look at BitStamp here, this is of course taking a step back all the way to 2015, we really want to take a look between  the top in 2017, the rising lows, the lowering highs, the ledge that was building up to the breakout price here. We

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