Trader Nicholas Merten is confident that by November 2022 the capitalization of the first cryptocurrency will reach $ 4 trillion
Trader Nicholas Merten argues that Bitcoin will “inevitably exceed” $ 65,000 and update the all-time high that was set in mid-April.
According to him, most market participants are confident that the bear market is behind and the first cryptocurrency is in an upward trend.
Merten predicted that Bitcoin capitalization will reach $ 4 trillion in November 2022. In this case, the cost of the cryptocurrency will exceed $ 200 thousand.
With the most optimistic development of events, Bitcoin may show a yield of 250% before November next year, the trader believes.
On the night of October 20, the price of bitcoin reached a peak since mid-April at around $ 64.4 thousand.
During the day, the first cryptocurrency rose in price by 3%, and its capitalization increased to $ 1.2 trillion, according to CoinGecko. Since the beginning of October, the bitcoin rate has increased by 57%.
