Nicholas Merten, one of the most followed analysts, stated that there may be a decline in Bitcoin towards the 10 thousand dollar level. Mertens, who admitted that his claim was crazy, claimed that the US was experiencing a possible recession and the continuation of the Fed's hawkish policies could bring this decline.

Analyst Nicholas Merten, who addressed his 512 thousand followers on the DataDash channel on Youtube, said that there is a possibility that the Bitcoin price will fall to 10 thousand dollars.

stating that we are in the process of accumulating in a falling channel formed in 2021, Merten said, “I know it's crazy, but we should be ready for a price that is 63% lower than the region we are currently in. the 10 thousand dollar level may come," he said.

"#BTC has never seen a recession”

Merten stated that the liquidity in the cryptocurrency market is currently at very low levels and drew attention to a possible recession and Fed policies:

"Bitcoin has never coincided with a recession period before. Another negative reality is that there is really little liquidity in the market right now... you need to be modest in your expectations. Yes, what I'm talking about is a negative scenario, but we can't ignore the fact that liquidity is increasingly drying up. The macro-economic structure that brought Bitcoin to ATH levels will not return anytime soon. During the periods when Bitcoin was rising, Fed policies were also supporting these rises. It may not be that way in the coming years.”

#crypto2023 #Binance #ETH