Bitcoin Will Break Out To New ATHs Sooner Than People Think

There are all kinds of optimistic predicitons about the price of Bitcoin these days despite the massive market volatility. Check out the latest bullish predictions about the price of Bitcoin.

It’s been just revealed that the crypto analyst and DataDash host Nicholas Merten says Bitcoin (BTC) will hit new all-time highs sooner than most traders think.

In a new DataDash YouTube update, Merten made sure to explain that BTC will retest $65,000 much faster than most anticipate, with underlying fundamental developments fueling the move.

“It’s going to happen much much quicker than people will think here for Bitcoin to be able to retest back up to this range [$65k].”

He continued and said this:

“It just takes a little more Bitcoin being moved with the market, slightly more confident price action than what we had back here back a couple months ago in the first quarter of 2022, and a good catalyst for a couple of institutional investors to buy some positions, even retail traders, and boom, you start seeing prices get back up to $65k really quick…”

He also said that “Potentially even setting in a third new significant all-time high since back in 2021 where we’ve had these kinds of zig-zagging, mid-cycle corrections, mid-cycle rallies…”

He continued and said that he believes this time we can see Bitcoin get back above that range and set new all-time highs but on top of that make that previous resistance range of higher highs, make that into new support.

It’s also important to note that Merten foresees Bitcoin flipping $65k from resistance to support and using that support to boost itself to previously unseen levels before the end of the year.

At the moment of writing this article, BTC is trading in the green and the king coin is priced at $46,626.