Bitcoin Prices Drop As Market Suffers Multiple Headwinds

NMS Consulting, Inc. (”NMSC”) is pleased to announce that the article “Bitcoin Prices Drop As Market Suffers Multiple Headwinds” by NMSC Consultant Charles Bovaird, has been published on Forbes.com.  The article highlights bitcoin’s latest price action which saw prices trading below $8,000 at the time the article was published.  Reasons for bitcoin’s latest performance are discussed in the article, including market sentiment, technical resistance points above $8,500, decreasing interest from retail investors, and selling pressure from market makers. 

Market sentiment for Bitcoin experienced a massive decline, the largest since 2018, fueling the price action.  Firms interviewed in the article include CryptoPatterns and BitBull Capital.  To read the article in its entirety, please go here.

About NMS Consulting

NMS Consulting is a global strategic advisory firm focused on delivering client solutions across three business units: management consulting, corporate advisory and strategic communications. The firm provides strategic counsel to private and public companies, governments, philanthropic organizations and the individuals who lead them.