Bitcoin's Volatility Continues to Worry Investors as Prices Fluctuate.

Crypto analyst Nicholas Merten warns that Bitcoin's weekly price action is looking exhausted at resistance, making things "scary" for BTC bulls. Merten maintains that BTC and Ethereum still need to make new bear market lows, partially due to unfavorable macro conditions. He suggests that BTC can make another low at a descending support line near $12,000 in the coming months. Merten also plans on fading the strength of the NASDAQ and placing short positions near $13,750 where price was rejected in August, indicating downside action.