Top crypto analyst and influencer Nicholas Merten is predicting when the Bitcoin bull market will top out.
In a new video, Merten tells his 463,000 subscribers that when taking a look at previous Bitcoin bull markets, it does not appear that we are anywhere close to a top for the flagship cryptocurrency this cycle.
“Eleven years of price history… What’s really interesting is we see each cycle expands from anywhere from 11 months to 13 months. So if we were to follow history, we can add an additional 12 months here. Forty-seven months is the expected length of the cycle that we’re currently in… We are far from the expected 47 months – November of 2022 is when we should expect the top.”
Even though many crypto traders and investors have lost interest in the market as we enter a sideways period, adds Merten, there’s not much to indicate that this is a Bitcoin top.
“Now everyone is