$150k Bitcoin by January? Last resistance is breached, Ethereum to hit $20k next - Florian Grummes

(Kitco News) - The recent bullish momentum forBitcoin is likely to be sustained because key technical levels have beenbreached, and the fear from China's tightening regulation has largelydissipated, 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 analtcoin 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 comingfor them, then Bitcoin is off to the races and it could be $100k or evenhigher, $150k is possible towards January," he said.

For more information on Solana andthe altcoins market, watch the video above.

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By David Lin

For Kitco News

Follow @davidlin_TVdlin@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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