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 Consulting Founder Not Bullish About Bitcoin Grummes is not bullish about bitcoin’s short-term future as he believes the coin will only see correction until it reaches $6k. He said: It’s my worst case right now [Bitcoin at $6,000]. I wouldn’t rule it out. I think $10,000 is probably what’s going to happen, and then we’re going to see a nice bounce and maybe another test of the $10,000 to $15,000 range, like a double low at some point, and that would be then the final end of the crypto winter, but it still takes time I don’t think it’s happening anytime soon. The finance expert expressed his views in an interview with KITCO News on October 11. He also noted that there are many factors that could affect the price of bitcoin, such as the current market volatility and liquidation sentiments. He added that the cryptocurrency would see several s...
