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 a lot of matters, together with his opinions on the state of the crypto market. “I believe that proper now, we’ve been going by what can solely be seen as a interval of consolidation,” he mentioned when requested about his ideas on the worth 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 under $17,000 to above $23,000. Wanting again at Bitcoin’s worth chart exhibits the asset close to the start of its ascent on Jan. 9, sitting within the low- to mid-$17,000 vary.

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