Famous YouTube cryptanalyst Nicholas Merten believes that Bitcoin could be in the range of $15,000 to $20,000 in the next few weeks. In his new video, Merten said he was optimistic “largely because of Bitcoin’s growing authority,” as it is often taken as a means of protection against global economic instability.
He believes that the current price range ($9,000 - $12,000) will seem rather insignificant in a few weeks, and the market may begin to gain momentum and possibly move to $15,000, $18,000, or even $20,000. In 2019, the fall of US stocks occurred in a very short period of time. For example, a few days ago, the stock market updated the bottom of 2019 and that is why people want to hedge their investments. In such a situation, it became clear that the only winning assets were the historically proven gold and silver, as well as Bitcoin, which has also been quite interesting lately.
Merten says that if global economic problems continue to go the way they do now, then Bitcoin will continue to grow as an independent asset. And, as a result, financial institutions will increasingly insist on offering BTC to their clients.