Nicholas Merten of DataDash predicts a ‘chilly winter’ for the crypto market

Nicholas Merten, a crypto dealer and the creator of the DataDash YouTube channel, joined Cointelegraph’s Crypto Buying and selling Secrets and techniques podcast for an interview with host Benjamin Pirus, discussing numerous subjects, together with his opinions on the state of the crypto market. “I believe that proper now, we’ve been going via what can solely be seen as a interval of consolidation,” he mentioned when requested about his ideas on the value of Bitcoin (BTC) as of Jan. 9, the date of the interview.

Bitcoin largely traded sideways for a part of November and most of December. January, nonetheless, has seen the asset rise from beneath $17,000 to above $23,000. Wanting again at Bitcoin’s value chart exhibits the asset close to the start of its ascent on Jan. 9, sitting within the low- to mid-$17,000 vary.