Bitcoin Breaks $17,200 – Here’s What’s Next According to Crypto Analyst Nicholas Merten

Bitcoin Breaks $17,200 – Here’s What’s Next According to Crypto Analyst Nicholas Merten


Bitcoin has shattered the $17,200 mark for the first time in nearly three years.

The leading cryptocurrency is up 5.18% in the last 24 hours at $17,253, according to CoinMarketCap. The last time BTC was at this price was in January of 2018.

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At these levels, 98.94% of all Bitcoin addresses in existence have turned a profit, according to the blockchain intelligence company IntoTheBlock.

Source: IntoTheBlock

Crypto analyst Nicholas Merten says he thinks BTC will need a correction before it can reach previous all-time highs at $20,000.

“I want to be rational with you all. We’ve been having phenomenal price action in the market. There’s something very important to keep in mind here that I think is critical in understanding where we’re at right now. We’ve really had three mini cycles as we’ve been recovering from

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