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Kitco NEWS InterviewsBitcoin, Ethereum's next bull rallies confirmed, these are price targets for end of yearThe recent bullish momentum for Bitcoin is likely to be sustained because key technical levels have been breached, and the fear from China's tightening regulation has largely dissipated, said Florian Grummes, managing director of Midas Touch Consulting. "We have a good chance to see $100k by the end of the year, maybe even higher. Of course, that would spark an altcoin season again. If Bitcoin really continues to run, I would say that the $60k $65k level is the last resistance of the bears. If there is nothing coming for them, then Bitcoin is off to the races and it...2021-10-2319 minKitco NEWS InterviewsThis will be the best performing asset of 2021 - Florian GrummesOver the next few weeks, gold is set to outperform Bitcoin, said Florian Grummes, managing director of Midas Touch Consulting.
The question is how long this outperformance can last?2021-06-0324 minKitco NEWS InterviewsIf Bitcoin falls below $20k, ‘something is wrong’; $300k is upside target – Florian GrummesIf Bitcoin retraces $20,000 and falls below that key support level, then “something is wrong” said Florian Grummes, managing director of Midas Touch Consulting.
In the medium term, investors can expect the price to touch $50,000 to $100,000, with the current bull cycle targeting $300,000 a coin, Grummes said.
“If Bitcoin does the same thing in the last bull market in 2016 and 2017, we’re going to $320,000 this time,” he said.2021-02-0520 min