Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

What Is Proof-of-Stake (PoS)? A Beginner’s Guide

2025-05-09

$ 970 million lost: Bitcoin’s $ 100k Surge triggers mass -reading

2025-05-09

Trader says that the market is ready for a strong reversal after Bullish Move – here is his target for Ethereum and Altcoins

2025-05-09
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Hela Labs to redefine decentralized data possession in collaboration with Insight Genesis

    2025-05-09

    Hashkey chain reveals the puzzle game of the chains in the chains in collaboration with Zypher Network

    2025-05-09

    Superstate is spreading to Tokenized shares; Sol -Strategies to mention first

    2025-05-09

    What are Babydoge -Properties?

    2025-05-09

    Vietnam launches his first blockchain network from home -grown: Details

    2025-05-09
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Trader says that the market is ready for a strong reversal after Bullish Move – here is his target for Ethereum and Altcoins

    2025-05-09

    Crypto analyst says the XRP price must remedy this level or risk fries to $ 1.9

    2025-05-09

    Trader says Bitcoin on CUSP to break out from Beerarish market structure, sketches path to new multi-month high

    2025-05-09

    XRP – Price breaks through obstacles – could a bullish peak follow?

    2025-05-09

    Bitcoin whales and sharks stored $ 7,890,599,380 in BTC in just six weeks, says Analytics platform – this is what it means

    2025-05-09
  • Learn

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02

    What Are Utility Tokens? Types, Roles, Examples

    2025-04-17
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»BTC To See Correction Below $10K, Predicts Founder Of Midas
Bitcoin

BTC To See Correction Below $10K, Predicts Founder Of Midas

2022-10-15No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin (BTC) hasn’t been in its greatest state recently, falling from a excessive of over $69,000 to the present value of round $19,174. Whereas the coin has misplaced over 71% of its worth since November 2021, some key specialists consider it’ll lose extra earlier than discovering stability once more.

In response to Florian Grummes, the managing director of Midas Contact Consulting, the pioneer crypto could fall beneath $10k. He additional acknowledged that it’d attain $6k earlier than discovering assist and begin gaining traction.

Midas Contact Consulting Founder Not Bullish About Bitcoin

Grummes will not be bullish about bitcoin’s short-term future as he believes the coin will solely see correction till it reaches $6k. He mentioned:

It’s my worst case proper now [Bitcoin at $6,000]. I wouldn’t rule it out. I believe $10,000 might be what’s going to occur, after which we’re going to see a pleasant bounce and perhaps one other check of the $10,000 to $15,000 vary, like a double low in some unspecified time in the future, and that might be then the ultimate finish of the crypto winter, however it nonetheless takes time I don’t assume it’s taking place anytime quickly.

The finance skilled expressed his views in an interview with KITCO Information on October 11. He additionally famous that there are a lot of elements that would have an effect on the value of bitcoin, similar to the present market volatility and liquidation sentiments. He added that the cryptocurrency would see a number of small pumps alongside its option to $6k. The skilled additionally famous that it’d take a particular occasion to push Bitcoin and all the crypto market out of the crypto winter.

See also  Tesla keeps Bitcoin stable while Musk Shifts Focus of Trump's 'Doge' task force
BTCUSD
Bitcoin’s value is presently buying and selling round $19,000. | Supply: BTCUSD value chart from TradingView.com

Florian Doesn’t See Bitcoin Attain $69k

The funding advisory agency’s founder additionally shared his skepticism over bitcoin’s capability to achieve its earlier excessive of almost $69k. Grummes famous that uncertainty and liquidity crisis presently plaguing the crypto trade would possibly hinder the coin from reaching its former glory days. He mentioned:

If this entire crypto sector can recuperate prefer it ought to or did previously, then as soon as the halving has occurred, the entire sector seemingly will likely be within the new bull market. <…> Bitcoin has been going up since 2009 relentlessly <…> Basically talking, regulation, in fact, could possibly be principally stopping an actual new bull market.

A Little Hope For BTC?

Bitcoin’s reputation has been waning as a result of present monetary turmoil. Because the US faces its highest inflation levels in latest instances, the Feds launched quantitative tightening to assist preserve it beneath management. This is among the major causes of the present crypto winter. Whereas some specialists see Bitcoin as an inflation hedge, Grummes is inserting his guess on Gold. 

Nevertheless, the skilled thinks there’s hope for the coin. In response to Grummes, a crypto winter will usually final between twenty-four and twenty-seven months. Grummes predicts {that a} real bull market is roughly a yr away because the market continues to be one yr into the winter.

He continues to consider that the worst-case situation is the testing of the $6,000 value stage. Florian Grummes predicts a market upswing within the weeks main as much as the second Bitcoin halving in Could 2024.

Featured picture from Pixabay and chart from TradingView.com

Source link

See also  Bitcoin's Next Price Target – Here's Why BTC Could Hit $78K Next!
10K BTC Correction Founder Midas Predicts
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

$ 970 million lost: Bitcoin’s $ 100k Surge triggers mass -reading

2025-05-09

Bitcoin beats Amazon to become the world’s 5th most valuable possession

2025-05-09

Bitcoin (BTC) and the general crypto-market capitalization jump while US President Donald Trump rolls out after the Tariffs UK Trade Deal

2025-05-09

Ethereum is increasing 20%, the most undervalued BTC ratio has been hit since 2019

2025-05-09
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Ethereum – Prize shows strength – bulls active and upside down

2025-04-30

An overview of what happened to BTC, ETH and the rest in the third quarter

2023-10-06

A storm is coming…

2024-07-16
Editors Picks

Will SOL’s 21% Pullback Intimidate Traders? These data suggest…

2023-07-21

Bitcoin: Why a Pullback Could Be Looming After the Latest $100,000 Milestone

2024-12-06

55 Million MATIC Tokens Go to Coinbase: What Now?

2023-11-12

Ethereum: Annual TVL High Could Boost ETH, But Risks Remain

2024-12-01
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

What Is Proof-of-Stake (PoS)? A Beginner’s Guide

$ 970 million lost: Bitcoin’s $ 100k Surge triggers mass -reading

Trader says that the market is ready for a strong reversal after Bullish Move – here is his target for Ethereum and Altcoins

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,914.03-0.15%
  • ethereumEthereum(ETH)$2,338.376.78%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.352.19%
  • binancecoinBNB(BNB)$643.893.14%
  • solanaSolana(SOL)$173.417.42%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2051475.77%
  • cardanoCardano(ADA)$0.782.70%
  • tronTRON(TRX)$0.2606101.46%
  • suiSui(SUI)$3.92-1.73%
  • chainlinkChainlink(LINK)$16.001.45%
  • avalanche-2Avalanche(AVAX)$23.115.79%
  • stellarStellar(XLM)$0.2950852.36%
  • shiba-inuShiba Inu(SHIB)$0.0000156.47%
  • hedera-hashgraphHedera(HBAR)$0.2030204.91%
  • hyperliquidHyperliquid(HYPE)$24.788.28%
  • the-open-networkToncoin(TON)$3.272.75%
  • bitcoin-cashBitcoin Cash(BCH)$409.39-3.04%
  • unus-sed-leoUNUS SED LEO(LEO)$8.75-0.95%
  • litecoinLitecoin(LTC)$100.086.78%
  • polkadotPolkadot(DOT)$4.808.61%
  • moneroMonero(XMR)$307.993.14%
  • daiDai(DAI)$1.000.00%
  • bitget-tokenBitget Token(BGB)$4.49-0.01%
  • piPi(PI)$0.7415.52%
  • pepePepe(PEPE)$0.00001212.46%
  • ethena-usdeEthena USDe(USDE)$1.000.04%
  • uniswapUniswap(UNI)$6.327.41%
  • bittensorBittensor(TAO)$429.783.08%
  • nearNEAR Protocol(NEAR)$2.907.91%
  • aptosAptos(APT)$5.531.96%
  • okbOKB(OKB)$54.162.67%
  • ondo-financeOndo(ONDO)$1.014.93%
  • aaveAave(AAVE)$210.483.19%
  • ethereum-classicEthereum Classic(ETC)$19.163.48%
  • internet-computerInternet Computer(ICP)$5.435.09%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.1314.42%
  • kaspaKaspa(KAS)$0.1039495.86%
  • gatechain-tokenGateToken(GT)$22.050.44%
  • crypto-com-chainCronos(CRO)$0.1014553.35%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2512700.58%
  • render-tokenRender(RENDER)$4.976.62%
  • vechainVeChain(VET)$0.0299226.52%
  • mantleMantle(MNT)$0.761.09%
  • ethenaEthena(ENA)$0.3693378.07%
  • usd1World Liberty Financial USD(USD1)$1.000.15%
  • algorandAlgorand(ALGO)$0.2329044.46%
  • filecoinFilecoin(FIL)$3.013.65%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.837.75%
  • bitcoinBitcoin(BTC)$102,914.03-0.15%
  • ethereumEthereum(ETH)$2,338.376.78%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.352.19%
  • binancecoinBNB(BNB)$643.893.14%
  • solanaSolana(SOL)$173.417.42%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2051475.77%
  • cardanoCardano(ADA)$0.782.70%
  • tronTRON(TRX)$0.2606101.46%
  • suiSui(SUI)$3.92-1.73%
  • chainlinkChainlink(LINK)$16.001.45%
  • avalanche-2Avalanche(AVAX)$23.115.79%
  • stellarStellar(XLM)$0.2950852.36%
  • shiba-inuShiba Inu(SHIB)$0.0000156.47%
  • hedera-hashgraphHedera(HBAR)$0.2030204.91%
  • hyperliquidHyperliquid(HYPE)$24.788.28%
  • the-open-networkToncoin(TON)$3.272.75%
  • bitcoin-cashBitcoin Cash(BCH)$409.39-3.04%
  • unus-sed-leoUNUS SED LEO(LEO)$8.75-0.95%
  • litecoinLitecoin(LTC)$100.086.78%
  • polkadotPolkadot(DOT)$4.808.61%
  • moneroMonero(XMR)$307.993.14%
  • daiDai(DAI)$1.000.00%
  • bitget-tokenBitget Token(BGB)$4.49-0.01%
  • piPi(PI)$0.7415.52%
  • pepePepe(PEPE)$0.00001212.46%
  • ethena-usdeEthena USDe(USDE)$1.000.04%
  • uniswapUniswap(UNI)$6.327.41%
  • bittensorBittensor(TAO)$429.783.08%
  • nearNEAR Protocol(NEAR)$2.907.91%
  • aptosAptos(APT)$5.531.96%
  • okbOKB(OKB)$54.162.67%
  • ondo-financeOndo(ONDO)$1.014.93%
  • aaveAave(AAVE)$210.483.19%
  • ethereum-classicEthereum Classic(ETC)$19.163.48%
  • internet-computerInternet Computer(ICP)$5.435.09%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.1314.42%
  • kaspaKaspa(KAS)$0.1039495.86%
  • gatechain-tokenGateToken(GT)$22.050.44%
  • crypto-com-chainCronos(CRO)$0.1014553.35%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2512700.58%
  • render-tokenRender(RENDER)$4.976.62%
  • vechainVeChain(VET)$0.0299226.52%
  • mantleMantle(MNT)$0.761.09%
  • ethenaEthena(ENA)$0.3693378.07%
  • usd1World Liberty Financial USD(USD1)$1.000.15%
  • algorandAlgorand(ALGO)$0.2329044.46%
  • filecoinFilecoin(FIL)$3.013.65%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.837.75%