NYMEX Trader: Bitcoin Soon to Move Back to $7,000, Markets to Consolidate

A digital money merchant at the New York Mercantile Exchange (NYMEX) said that bitcoin (BTC) will probably move back to $7,000 and merge soon in a meeting with CNBC on May 21.

Conveying his remarks on CNBC’s Trade Alert show, Anthony Grisanti of NYMEX said that he supposes the cost of bitcoin will return to $7,000 in a brief timeframe, implying that the market will solidify. “I think it combine a smidgen … I think solidification for this market is extremely sound,” Stutland expressed.

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