James Merten, also known as the DataDash, which is one of the most popular crypto-YouTubers. He said that in the next bull cycle in bitcoin is officially underway, and that the market is well on the way to the highest point ever of $ 100,000.
Boom and bust
In one of his recent videos saying He is a Merten, that the growing boom-and-bust cycles of the Bitcoin, a clear picture of what the cryptocurrency in the long run to go.
What is the general trend that we are seeing? Therefore, each and every time, we add around 11 to 13 months, in fact, one year for each cycle. It would make a lot of sense for the next cycle, a further period of twelve months would be to add a month more or less. That will put us somewhere around november of 2022, and they proclaimed here, leading to. If we look at the logarithmic chart to see where we are with the resistance, which, in the course of the time of the present, a single bitcoin is around this time that a $ 100,000.”
The end of the bear market
Merten is also a short-term bullish on bitcoin, because he knows that the cryptocurrency has a strong rally and intimate, and the three-year bear market ends.
“We start here and now, the outbreak has to be seen. As with the pattern we were looking for, we have to make that weerstandslijn support before we really get started. However, I would not be against bitcoin in-play. It may well be the case that we are in the area around 12,000 dollars in a relatively short period of time and end up here at 14,000 dollars a test.’
The big altcoins
With a bitcoin breakout is on the horizon, expect to Merten in that the other coins are also going to start doing.
‘I really have to concentrate, it is possible Litecoin, Ethereum, and Cardano, the trade, and some of the other blockchains out there, and some of the bigger sellers. I think this will be the class of the altcoins will be, for the next two weeks will do it.”
The smaller altcoins purchase
In addition, it is expected that the smaller coins, for a correction to get him to give them a chance to get a cheaper buy-in.
But no matter how much I believe that those blockchains and protocols, it might be good to do, and I have a number of positions, some of them, the most important thing I’m looking forward to is the opportunity for a discount, and that it is a decentralised financial and enterprise blockchains.”
Merten has been very optimistic about the Final coin, which iExec (RLC), ChainLink (LINK), It (the ATOM), and DASH (RUN).
Nearly all the above coins are in this article to get in the GAME. Check out this free app for on the go, on weareblox.com.