Popular cryptocurrency analyst Nicholas Merten outlines a potential price path for Bitcoin that could quadruple the price of the leading cryptocurrency to $200,000.
In a new video, crypto channel DataDash says that BTC will skyrocket to $200,000 by the end of 2022.
According to Merten, Bitcoin’s trajectory to $200,000 comes with a point that many traders may miss. He says Bitcoin needs to suffer a little more and go through a correction near the $30,000 level before it really gains momentum.
If Bitcoin experiences a correction, the analyst predicts it could be something unprecedented. According to Merten, there is also the possibility that crypto investors will switch to Ethereum (ETH) instead of cash in major rallies.