HomeCoinsBitcoinThe cryptanalyst called the time when the BTC rate will be able...

The cryptanalyst called the time when the BTC rate will be able to grow to $ 200,000

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Bitcoin

Cryptocurrency analyst Nicholas Merten believes that will need a couple of months to get out of the current accumulation period

According to him, BTC will begin to grow rapidly in late January or early February. He believes that could potentially disrupt the concept of expanding cycles, which is that each becomes a little longer than the previous one.:

“Perhaps we will witness that the theory of expanding cycles does not work to some extent and we are going to $200,000 at full steam. But this is a very optimistic scenario”

Merten believes it is possible that the upward movement of will reach a maximum sometime in March and the rate will be about $ 100,000. The analyst examines the graph of bitcoin’s logarithmic growth curves and predicts that a BTC breakthrough will lead the asset to the next Fibonacci deviation from the support line, which is almost 80% higher than the current BTC rate:

“It is possible to increase the by 78% from current levels within 3 months and this is not madness. I can say that this is a fairly conservative estimate and during this period of time the asset can easily make a movement of 70-80%”

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See also  The analyst outlined the future of bitcoin in the light of the current correction

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