Bitcoin Is Ready To Surge – Nicholas Merten Drops His Target | CryptoGazette
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The optimistic predicitons involving the price of Bitcoin continue. Check out the prediciton revealed by Nicholas Merten.
A popular crypto analyst is laying out a road map for where Bitcoin (BTC) is headed in the coming months as well as the rest of 2022.
In a new strategy session, Nicholas Merten made sure to explain that despite Bitcoin’s dramatic fall from a November all-time high (ATH) above $69,000 to under $34,000 on January 24th, it has actually held up better than expected by not dropping below the $30,000 mark.
“To see since back here in January, since the discount revisited this range, that we aren’t getting any close retests down to $30,000 or $25,000 as a lot of people we kind of taking a perspective on. We’re seeing instead that buyers are coming in at higher premiums and they’re buying up the dips quite quickly.”
It’s also important to note that the DataDash host believes BTC’s ability to hold the line and then recapture $40,000 could mean the king coin will surge back toward its previous ATH within the next two months.
“What I think is really incredible about all of this is that we’ve not only got the setup to really start chartering higher here…”
He continued and said that it might mean that over the next coming weeks we could really be back into [the] territory of where we’re revisiting back towards this previous resistance range [$65,000], the previous all-time highs.
“I would bet… that this is something we’re probably going to see in April.”
Bitcoin adoption is going great
It’s been just revealed Colorado will become the first US state to accept crypto assets for payment of taxes, according to its governor.
It’s been just revealed that in a new interview with CNBC, Governor Polis says that citizens of the Centennial State will be able to use digital assets to pay for state taxes sometime in mid-2022.
Polis also says the state has plans to accept crypto payments for other government-related fees as well.
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