Novogratz on Near-Term BTC Consolidation: ‘Trees Don’t Grow to the Sky’

2019-5-31 23:30

By CCN: Mike Novogratz’s expectation for bitcoin price consolidation is starting to look more feasible since BTC abruptly took a dive today. The high-profile trader believes bitcoin is poised for near-term consolidation to a narrow range despite recent market momentum.

Novogratz, who is at the helm of crypto merchant bank Galaxy Digital, reportedly held a conference call today discussing his firm’s Q1 performance. According to Bloomberg, the Wall Street veteran believes that the bitcoin price “probably consolidates somewhere between $7,000 and $10,000,” adding: “You know, trees don’t grow to the sky. If I’m wrong on that, I think I’m wrong

The post Novogratz on Near-Term BTC Consolidation: ‘Trees Don’t Grow to the Sky’ appeared first on CCN

. origin »

Bitcoin (BTC) на Currencies.ru

$ 96316.2 (+0.04%)
Объем 24H $47.48b
Изменеия 24h: -1.99 %, 7d: -1.28 %
Cегодня L: $94918.25 - H: $96475.65
Капитализация $1909.716b Rank 1
Цена в час новости $ 8505.56 (1032.39%)

consolidation novogratz sky bitcoin trees btc near-term