Crypto analyst Nicholas Merten predicts a major collapse in Bitcoin's price over the next two weeks. He points to worrying price action and recessionary indicators, with the 21-day exponential moving average now acting as a resistance zone. Merten suggests that Bitcoin could drop below $80,000, potentially reaching the 100-day exponential moving average at $85,000 or the 200-day exponential moving average at $76,000. He also warns that a Bitcoin correction would have a devastating impact on altcoins. At the time of writing, Bitcoin is trading at $93,824.



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