Major Bitcoin Relief Rally Imminent As Sellers Lose Confidence, Says Crypto Analyst Nicholas Merten.
18 Jul 2022, 08:00
Major Bitcoin Relief Rally Imminent As Sellers Lose Confidence, Says Crypto Analyst Nicholas Merten
A popular crypto analyst is anticipating a major relief rally for Bitcoin (BTC) amid uncertainties in the crypto markets.
In a new strategy session, Nicholas Merten tells his 515,000 YouTube subscribers that more people are now willing to buy Bitcoin as sellers of the flagship digital asset have been forced out of the market.
“We do believe that an extended bear market could still play out. We [also] do believe in the reality that there is likely going to be a relief rally in the market like there has been in the past, and it simply has to do with the fact that a lot of sellers have been forced out of the market.