📢 Mike Novogratz Predicts Bitcoin Will Bottom Out at $38,000😲

Crypto billionaire Mike Novogratz says Bitcoin could slide even lower before finding support, between 38 and 40k.

The prices of Bitcoin and cryptocurrencies have fallen dramatically over the past week, with the combined crypto market down about $ 1 trillion from its November peak, even as Wall Street giant Goldman Sachs issued a huge price prediction. of bitcoin.

The price of bitcoin has fallen about 10% since early 2022, hitting $ 40,000 from highs of nearly $ 70,000 at the end of last year. Meanwhile, other major cryptocurrencies such as Ethereum, BNB, solana, cardano, and Binance's XRP have also tumbled, losing double-digit percentages in the past week.

Now, as traders desperately search for signs that the sell-off is over, bitcoin and cryptocurrency billionaire Mike Novogratz said he doesn't expect bitcoin to fall further, calling the price low just below this week's US lows. $ 40,680.

"On the charts, $ 38,000 and $ 40,000 feel like the place where we should be bottoming out," Novogratz, chief executive of crypto investment management company Galaxy Digital, told CNBC, noting "an enormous amount of demand. institutional on the sidelines ".

Source: Yahoo.
Stay tuned for more hot cryptonews!📰🔥