Mike Novogratz Says Bitcoin Should Bottom Around $40K, Sees 'Tremendous' Demand From Institutional Investors – Bitcoin News

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'On the charts, $38,000, $40,000 feel like where we should bottom,' said Novogratz. bitcoin cryptocurrency

Mike Novogratz Says Bitcoin Should Bottom Around $40K, Sees 'Tremendous' Demand From Institutional Investors

“Part of the bitcoin story was the debasement of fiat currency and as the Fed looks to get more hawkish, some of that comes off,” he explained. We see a tremendous amount of institutional demand on the sidelines. I’m not nervous in the medium-term.Novogratz was also asked if he thought there was a floor at $38,000 for bitcoin after he said, “you will find a lot of support for bitcoin” around $38K to $42K. The Galaxy Digital executive replied:

 

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Of course these levels and prices are good for investing in Bitcoin !

a month ago we were supposed to reach a dip of $50k. how fast things change

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nice -10% coming

27

I agree. I don't think the price will fall lower

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Ya hay órden 38,450 colocado para comprar 😍🚀💰📉

Bold move to call bottoms like that

Bull run is deliberately delayed by institutional investors who entered late whales

Novo couldn't pick a hole in his pocket. Why we listening to this guy?

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Agree 👏

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Couldn’t agree more but let’s see

What you expect isn’t usually what you get.

Who you think pushed it there to accumulate? 😏

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bitcoin is dipping deeper into the old resistance area in an effort to flip it into a new support area Weekly retest attempt still in progress 27EllenA is a super underrated bitcoiner I’ve been taking her tweets and tips seriously & I’ve been doing superb Follow her

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