Eduard Watson

2 weeks ago

In a crypto market in which there’s a strong correction for a while, there are still optimistic crypto predictions popping up.

There are signs of an upcoming rally in the crypto market

Crypto analyst Nicholas Merten said that he sees more signs of an upcoming rally in the altcoin market.

Merten runs the popular YouTube channel DataDash, and he said that Bitcoin’s dominance of the overall crypto market looks like it’s getting weaker.

He believes that BTC will continue to drop but not in the long term, and this will give Ethereum, XRP, and LTC a chance to stage a rally against BTC.

“We started to see a major shift here over the last few weeks, and that is Bitcoin dominance starting to decline. This really started to happen back here in early September. Ever since then, people have gotten worried with the idea that we might be seeing a trend shift. Whereas, for example, we were setting higher lows and higher highs here for Bitcoin, we’re now seeing the opposite. Lower highs and lower lows,” he believes.

A trend reversal in the crypto market is approaching

He continued and explained “That’s a sign of a trend reversal. Especially when you’re setting multiple lower lows and lower highs. That’s what I look for. And what I’m really looking for is a significant break below 67.5%…”

He said that XRP and ETH are following suit. Merten also said that LTC is another digital asset that can be poised for a surge.

He also said that the interesting thing about LTC is that there are a lot of indicators are looking good.

The crypto market has been really volatile recently and BTC suffered a strong correction.

At the moment of writing the article, BTC is trading in the red and the coin is priced at $7,923.31.

Check out the video shared by the Daily Hodl in order to find out more about what he had to say.

People Mentioned

Justin Sun

Founder of TRON (TRX)

Coins Mentioned

Justin Sun

Founder of TRON (TRX)

Companies Mentioned

Justin Sun

Founder of TRON (TRX)

Justin Sun

Founder of TRON (TRX)

+ 1.45%
Icon
Nitrogen Sports

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
SportBet.io

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
7bitcasino

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
FortuneJack

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
Binance

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
Kraken

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Top Exchanges
Icon
Binance

4.93

Read Review - Website

Icon
Kraken

4.10

Read Review - Website

Icon
Binance

4.93

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Trending news

Advertise

Trending news

Top Exchanges
Icon
Binance

4.93

Read Review - Website

Icon
Kraken

4.10

Read Review - Website

Icon
Binance

4.93

Read Review - Website

Icon
Gemini

4.85

Read Review - Website

Icon
Kraken

4.10

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Icon
7bitcasino

4.20

Read Review - Website

Top Sportsbook
Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

Icon
1xBit

4.0

Read Review - Website

Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

1369 Articles
7255 Followers