BTC To See Correction Below $10K, Predicts Midas Touch Consulting Founder
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....
Related News
Bitcoin's 100 percent price rally over the previous eight weeks is close to reckoning, according to Florian Grummes of Midas Touch Consulting.
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.....
Bitcoin lost support at $18,600 and trended lower close to its yearly bottom at $17,900. The cryptocurrency managed to stop the bleeding at these levels, but the general sentiment in the markets seems to have flipped from dubious to fearful. Related Reading: BTC To See Correction Below $10K, Predicts Midas Touch Consulting Founder At the time of writing, Bitcoin was trading at $18,300 with a 4% loss in the last 24 hours and a 9% loss in the past week, but it has been rebounding over the past hour. Other major cryptocurrencies followed BTC’s price into the abyss and are recording massive....
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....
After a harsh correction period, the mysterious analyst known as PlanB predicts Bitcoin will reach unexplored heights. That’s what his famous and often quoted Stock-To-Flow or S2F model predicts, and so far everything seems to be going according to plan. PlanB, that is. The analyst behind the pseudonym refers to “the point of no return,” […]