Here’s the Worst-Case Scenario for Bitcoin (BTC), According to Crypto Analyst Nicholas Merten

Here’s the Worst-Case Scenario for Bitcoin (BTC), According to Crypto Analyst Nicholas Merten


A popular crypto analyst is looking at historical data to determine whether Bitcoin (BTC) has actually reached its bottom or not after enduring an extended downtrend.

In a new strategy session, Nicholas Merten cautions his 516,000 YouTube subscribers against feeling too exuberant about Bitcoin rallying off its weekly lows after BTC briefly dipped under $18,000 on Saturday.

“I don’t want people to get too caught up in the excitement. While I do feel we could see another day or so of gains, maybe even coming back up to this range here [around $22,300], I want to emphasize the difference between where we are now, this 75% correction, and what an 80% correction might look like.

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