Popular cryptocurrency analyst and DataDash host Nicholas Merten has an optimistic view on the future Bitcoin price action despite the leading crypto’s most recent market dip.
Merten then says Bitcoin prices could fall back even lower, possibly another 25% from current levels, in a worst-case scenario.
“We’ve really got a chance here, and I’ll say it more than I think most people will, that we might have gotten it wrong here, and prices might roll back down to this range [around $30,000].
I think that’s the worst-case scenario here for crypto, that we come back down to this consolidation range, kind of like we did back [in June 2021], even though we [recently] had a more heightened breakout in prices.”
Learn more about your ad choices. Visit megaphone.fm/adchoices