Analyst Nicholas Merten resurfaced to predict that Bitcoin (BTC) will drop to $12,000 in September as the bear market continues.

The 511,000-subscriber YouTuber said Bitcoin’s recent rally was temporary and the asset will fall to $12,000 in September. The crypto trader argued that the bear market is not over.

Merten Advises Investors to Reconsider Bitcoin Recovery Thesis

In the video below, Merten predicts, among other things:

“We are getting very close to being at the turning point where Bitcoin’s price could be setting up for that short where we’re going to get a flip on the weekly time frame on our key momentum indicator.”

Despite earlier correlation, the crypto trader points out that Bitcoin has started to lag traditional stock markets.

The analyst notes that Bitcoin has begun lagging behind Go to Source to See Full Article
Author: David Thomas

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