Midas Touch Consulting CEO Florian Grummes announced that Bitcoin is in danger of falling below the $50,000 level as prices look for a new driver during the “weaker summer months,” after approaching its record highs in May.

Grummes assumes a pullback during the weakest summer months in the range of 48,000 to 50,000 dollars. According to the latter, by the end of the year a breakout above 75,000 dollars is expected, which would then quickly lead to 90,000 and 100,000 dollars. The high resistance that Bitcoin must break first is between 74,000 and 75,000 dollars. Grummes noted that the next factor in rising prices will likely be further liquidity injections by central banks. According to him, “it will be the main driver over the next two years. Central banks will finally be forced to lower interest rates again to stabilize the financial system. Such things could push prices up sharply again.”