Murad Mahmudov: Bitcoin costs $ 100,000

Murad Mahmudov: Bitcoin costs $ 100,000
Abstract

Murad Mahmudov, a former analyst at Goldman Sachs, believes that bitcoin will reach $ 100,000.

15 5 19

Murad Mahmudov, a former analyst at Goldman Sachs, believes that bitcoin will reach $ 100,000.


He tweeted yesterday:

At first glance it looks like we will have a price drop next week or weeks, but Sense 6 says there will be a steady buildup at this level. Don't try to deceive yourself with short-term timeframes; think of your intervals as bigger and wider. Bitcoin orange coins will cost $ 100,000.

Mahmoudov analyzed the key support for bitcoin with this text:

The 200-day Moving Average (MA), the 200-day Moving Average (EMA), the Relative Strength Index (RSI) and weekly support all point to $ 10.8 but we may see a shadow in the currency exchange market.


Considering the $ 10800 level as key support, he warned users that all responsibility is on Trader.

"If I were a gambler, I would have patience, and I would slowly add to any key support."

To the sky


Mahmudov’s eye-popping $100,000 forecast has been recently echoed by Morgan Creek Digital Assets founder Anthony Pompliano, who considers that the recent dovish turn by central banks will be rocket fuel for Bitcoin’s price and help drive it to $100,000 by the end of 2021. 

Pompliano also cited bitcoin’s halving — the reduction of mining rewards in half in May 2020 — as a major factor likely to propel the coin’s valuation upwards.

This July, Cointelegraph reported that United States-based regulated crypto derivatives and clearing platform LedgerX was giving retail investors the chance to bet on Bitcoin hitting $100,000 by 2020.

At press time, Bitcoin is trading in the $11,200-300 range, fractionally down on the day, according to



Source: cointelegraph

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