https://ift.tt/3sTDv58 Volatility Ahead – Nicholas Merten Drops New Prediction | CryptoGazette

It seems that Bitcoin was not able to hold onto the $40k level and the king coin dropped below it. At the moment of writing this article, BTC is trading in the red and the king coin is priced at $39,147.

It seems that there has been a significant sell-off in Asia and meanwhile, an important crypto analyst said that Bitcoin (BTC) is likely to experience a significant price drop. He also said that such a sell-off might be the catalyst that finally sends the leading crypto past $100,000.

Nicholas Merten remains optimistic about Bitcoin

In a new strategy session, Nicholas Merten just said that he remains optimistic about Bitcoin even while preparing to see red candles on the chart.

“We may be on the verge of a pretty harsh correction of over a 20% to 30% decline in Bitcoin’s price. We’ve been bearish in the short term over the past couple of weeks and we believe that there is still more downside to go, [but] I’m still a long-term bull.”

He continued and said the following:

“I believe that we’re still in a bull market, not a bear market… It’s very likely that we could see this correction, but at the same time, it could be the catalyst to finally set ourselves up on the next uptrend and charter towards the $150k range, $200k range for Bitcoin.”

The Data Dash host also warned that such a potential sell-off might be shockingly sudden.

“When the sell-off does come it’s not going to be this… slow but steady sell-off of lower highs, lower lows. I really feel we’re going to get something quite dramatic.”

Despite the multiple market corrections, there are all kinds of optimistic Bitcoin predictions these days. While some investors are freaking out while looking at the king coin’s price, others know that this is the best time to buy the dip.