Examining Mike Novogratz Bitcoin Bottom Belief Prediction: Is the BTC Bull Right?

2018-9-28 22:09

Was Novogratz Right? Has The Crypto Market Already Hit The Bottom?

Mike Novogratz, a billionaire investor, has recently affirmed that the Bitcoin market has hit rock bottom on September 13. Since then, the market has recovered a bit while fueled by large rallies in many different cryptos. Is the bull market finally starting again?

Since September 13, the crypto market has been on an upside trend. Ethereum (ETH) struggled during a long time but it increased 24.44% in price while Ripple had a 105% price surge.

Was It Really Rock Bottom?

When Novogratz talked about rock bottom, the price of Ethereum had fallen below $200 USD after a 45% drop in the previous month. Many cryptos were struggling to be alive. According to the investor, the bubble was completely retracted and the market had finally reached its lowest point for good.

Another investor and technical analyst, Williams %R, known as Williams Percent Range, affirmed that the market was in a very low point as the price of Bitcoin dipped below the $6,000 USD mark, in which it was stagnated for quite some time.

One important aspect of why the market has hit rock bottom was because it was oversold, the two investors affirmed. Williams has stated that, as the prices dropped, many investors simply were not interested in selling their assets anymore as they would lose too much money. Because of this, the price would not likely decrease even further than the current level.

The market is still showing a lot of volatility, but it looks like the worse has passed as Bitcoin has surpassed the price of $6,770 USD again and it has broken away from the $6,600 stop loss level.

The Future Of The Market

If Novogratz is right again, then $6,800 USD is the major resistance level for BTC and a move for $7,000 USD and upward is very likely if this barrier is, indeed, broken. While it is simply too early to determine whether Bitcoin will enter the $7,000 USD mark or not, it looks like there is plenty of space for the creation of momentum and it is likely that a short-term rally in price will occur.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) íà Currencies.ru

$ 95880.5 (+0.14%)
Îáúåì 24H $40.544b
Èçìåíåèÿ 24h: -1.67 %, 7d: -6.97 %
Cåãîäíÿ L: $95217.68 - H: $97458.26
Êàïèòàëèçàöèÿ $1898.406b Rank 1
Öåíà â ÷àñ íîâîñòè $ 6654.59 (1340.82%)

market novogratz bottom bitcoin right hit mike

Èñòî÷íèê: bitcoinexchangeguide.com

market novogratz → Ðåçóëüòàòîâ: 33


Billionaire Novogratz: Impossible For Bitcoin Not to Hit $10,000 by This Year

After a single day in the green, with many cryptocurrencies pushing monthly-highs, many advocates of this space have claimed that this market is on the verge of its next exponential growth cycle. While many wouldn’t classify these overly-bullish claims as crimes, so to speak, no one is as guilty to doing this as Mike Novogratz, the.

2018-9-23 13:05


Ôîòî:

Bottom Officially In? Mike Novogratz Says Bitcoin Market Has Hit ‘Seller Fatigue’

Investment mogul and Bitcoin bull Mike Novogratz has stated his belief cryptocurrency markets have reversed for good as BTC/USD hits $6630 September 21. Novogratz: Bitcoin Has ‘Established’ Store Of Value Status Speaking at the Yahoo Finance second annual ‘All Markets Summit’ in New York, Novogratz told the audience that crypto assets had officially hit “seller fatigue” and a long-awaited upswing was imminent.

2018-9-21 16:00


Ôîòî:

Nailed It? Cryptocurrency Chart Exactly Follows ‘Bottom’ Call By Mike Novogratz

Serial investor and Bitcoin bull Mike Novogratz perfectly called the “bottom” in cryptocurrency, data reveals as markets trend upwards September 14. Novogratz: September 12 Was ‘Low’ As Bitcoinist reported Thursday, cryptocurrency market indices hit 80 percent versus all-time highs this week, outperforming the dotcom boom implosion of the early 2000s for the first time.

2018-9-14 17:00


Ôîòî:

Novgorod Galaxy Digital to trade on the stock market since August 1

Following “frustrating” process of receiving the final approval from Canada’s regulators, Novogratz’ cryptocurrency merchant bank Galaxy Digital gets listed on Toronto’s TSX Venture Exchange. According to the latest report from Bloomberg, Mike Novogratz’s cryptocurrency merchant bank Galaxy Digital is all set to trade on the Toronto’s TSX Venture Exchange from the 1st of August, 2018.

2018-7-31 11:55


Ôîòî:

Mike Novogratz Cryptocurrency Merchant Bank Finally Goes Live This Week

Serial investor and Bitcoin bull Mike Novogratz is days away from launching his own merchant bank Galaxy Digital LP, which begins trading on the Toronto Stock Exchange August 1. ‘We Want To Be Globally Traded’ After an eight-month period of haggling with regulators, the cryptocurrency-focussed project will go live under the GLXY ticker, with plans to extend far beyond the Canadian market.

2018-7-31 20:00


White-Label Cryptocurrency Exchange Startup received investment of $15M from Novogratz

Despite the current market correction, Novogratz remains overly positive towards the field in general. Investing in the Future of Cryptocurrencies Mike Novogratz, Founder and CEO of Galaxy Digital Capital Management, announced on Thursday that his asset management firm had invested $ 15 million in a startup which helps businesses build cryptocurrency exchanges and tokenize assets. Previously, Mike

2018-6-17 03:57


Ïàðòíåðû Currencies.ru

Àíàëîã Notcoin - Blum - Èãðàé è çàðàáàòûâàé Ìîíåòû



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Is the Altcoin party over? Bitcoin dominance threatens alt sector!

Positioning for altcoins? These bearish signals call for caution.  The altcoin season index slipped below 50%, marking a new monthly low.  Altcoins are in massive discounts after the recenThe post Is the Altcoin party over? Bitcoin dominance threatens alt sector! appeared first on AMBCrypto.

Fantom breaks $1: Will FTM continue its bullish trend towards $1.50?

Fantom’s price surge is supported by strong network growth and key resistance targets near $1.50. Technical indicators and market sentiment highlight cautious optimism for sustained upward moThe post Fantom breaks $1: Will FTM continue its bullish trend towards $1.50? appeared first on AMBCrypto.

Why Ethereum Classic could be setting up for a 20% price jump

On-chain metrics revealed that exchanges have experienced a substantial $22.85 million worth of ETC outflow. ETC long/short ratio indicating strong bullish sentiment among traders. ETC, the The post Why Ethereum Classic could be setting up for a 20% price jump appeared first on AMBCrypto.

XRP whales buy the dip - Analyzing impact on price action

XRP has declined again after a slight rebound in the last trading session. Whales remained in the accumulation mode despite price decline. Ripple's [XRP] recent price decline has caught the The post XRP whales buy the dip - Analyzing impact on price action appeared first on AMBCrypto.

Toncoin 'tops' the social charts! How can TON's price benefit from it?

Toncoin rose to the top as the coin with the highest social and market activity in the last 24 hours Worth evaluating whether these findings can influence TON's short-term or long-term bullish The post Toncoin 'tops' the social charts! How can TON's price benefit from it? appeared first on AMBCrypto.