Nicholas Merten covers Bitcoin’s recent climb from $68,000 to over $81,000, seeing a possible correction but projecting a path to $90,000 by mid-December.
He explains that altcoins are showing promising signs of an upcoming bull cycle, with several key indicators coming together, like a breakout above the 200-day moving average and an increase in trading volume. This altcoin momentum coincides with a dip in Bitcoin’s market dominance, suggesting more market attention is shifting to altcoins, which could lead to significant gains for select tokens.
For those following the market closely, Merten advises paying attention to coins that surpass critical levels like the 21-day and 200-day moving averages, as these could indicate lasting upward trends. He mentions recent strong performers, including Stacks and Render, that have shown notable returns. Merten then shifts focus to equities, observing that small-cap stocks are gaining traction and noting that a broader market rally could provide even more investment opportunities across sectors.
This cohesive market overview serves as a reminder to keep a balanced eye on both crypto and equity opportunities as trends unfold.
