CandleFocus Here’s How Altcoins Could Start Trending Higher, According to Crypto Strategist Nicholas Merten
2024-09-13
Author: Content Editor
Crypto analyst Nicholas Merten suggests that if Bitcoin can break resistance levels and reclaim previous lows, it could lead to altcoin rallies within the next few weeks. He mentions the possibility of an inverse head and shoulders pattern, which is a bullish technical formation. Merten is closely monitoring Bitcoin's market structure, particularly its ability to reclaim $60,000. If Bitcoin can hold onto support levels and surpass certain moving averages, it could indicate a positive sign for the bulls and potentially lead to further price increases.
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