Crypto analyst Nicholas Merten is warning that Bitcoin (BTC) is inches away from a “breaking point” which could cause a major capitulation event.
In a new video update, Merten tells his 511,000 YouTube subscribers that what has historically been a “buy-the-dip” support level for Bitcoin is now disintegrating.
“The fact that we are well suspended and not even coming up to retest those 200-days (moving average), as well as the 200-week [moving average], is a big worrying…
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