Swiss Bank CEO Bullish On Bitcoin And CryptoMich Believes $46k Is Next
All the doom and gloom of the past few weeks is wiped away today as Bitcoin (and with it the entire crypto market) seems to have found a footing and rebounded off the $40k level to hit $43.8k again. Most headlines in crypto media also noticed that Bitcoin was moving towards a death cross, one day after we did.
On a brighter note, the CEO of Swiss bank Seba, with offices in Zug, claims to be optimistic as to the price of crypto.
Guido Buehler, speaking at the Crypto Finance Conference in St. Moritz, Switzerland, earlier this week, stated that:
We believe the price is going up.
Our internal valuation models indicate a price right now between $50,000 and $75,000. I’m quite confident we are going to see that level. The question is always timing.
Asked where the renewed interest would come from, Mr Buehler declared that:
Institutional money will probably drive the price up. We are working as a fully regulated bank. We have asset pools that are looking for the right times to invest.
Next stop seems to be a retest at $46K for #Bitcoin.— Michaël van de Poppe (@CryptoMichNL) January 12, 2022
Meanwhile famed Dutch technical analyst Michael Van de Poppe drew the charts of support and resistance for Bitcoin and claimed that the:
Next stop seems to be a retest at $46k for Bitcoin.
If he’s right, that’s easily the best crypto news I’ve heard all year.