Midas Touch Director Gives Bitcoin Target Of $100K Or Higher
Bitcoin has been moving sideways during the day after an increase in selling pressure brought back to mid-range of its current levels. The first cryptocurrency by market cap trades at $47,394 with a 5.4% profit in the daily chart. Despite the cool off in the crypto market, sentiment has turned bullish. Managing Director of Midas Touch Consulting Florian Grummes recently supported the optimism thesis for the long term. In an interview with David from Kitco News, Grummes reiterated his prediction on Bitcoin and claimed that the cryptocurrency will continue into uncharted territory in 2021.....
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Bitcoin (BTC) hasn’t been in its best state lately, falling from a high of over $69,000 to the current price of around $19,174. While the coin has lost over 71% of its value since November 2021, some key experts believe it’ll lose more before finding stability again. According to Florian Grummes, the managing director of Midas Touch Consulting, the pioneer crypto may fall below $10k. He further stated that it might reach $6k before finding support and start gaining traction. Related Reading: Crypto Market Shows No Signs Of Positive Movement, Is ‘Uptober’ A Myth? Midas Touch....
Bitcoin's 100 percent price rally over the previous eight weeks is close to reckoning, according to Florian Grummes of Midas Touch Consulting.
Blockchain technology allows us to do many things, most of which we haven’t even discovered yet. One thing we do know is that the blockchain allows us to transfer ownership of assets in a transparent manner, and it also lets us back up these assets with tangible goods such as precious metals. This is where Midas Rezerv comes into the picture, as this company portrays itself as a decentralized distributed 100% gold-backed digital token in the form of MRCoin. Midas Rezerv: Who, What and Why? Many Bitcoin-related companies have been trying to combine the disruptive technology offered by....
Bitcoin has mostly consolidated beneath its all-time high from October. Cryptocurrencies like Ethereum and Solana have gone on to touch new all-time highs following the October rally but the same cannot be said for bitcoin. BTC’s entrance into the new month has been unremarkable so far. The digital asset has mainly maintained its value above $61,000 despite wavering momentum. However, a flash crash on Wednesday put the digital asset at $60,000 for the first time since its October ATH. Related Reading | Bitcoin ETF Inflows Slow Down As Altcoins Interest Rebound The next big target for....
Throughout 2021, there’s been a number of people who have said they expect bitcoin to reach $100K by the end of this year. In more recent times, the six-digit bitcoin price forecasts continue as people are now saying a sudden move to $100K “doesn’t seem so far-fetched.”
The Probability of Bitcoin Hitting $100K — ‘Don’t Rule It Out’
Many bitcoin speculators and investors believe the road to $100K is not only probable, but guaranteed. Bitcoin.com News has covered numerous individuals, experts, analysts, and advisors this year....