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Mike Novogratz believes that the $ 42K mark, which the cryptocurrency reached on December 4, is the lower level of the current correction
Galaxy Digital CEO Mike Novogratz in an interview with CNBC expressed confidence that the price of bitcoin within the current correction will not fall below $ 40 thousand. According to Novogratz, the $ 42 thousand mark is the lower level of the corrective decline.
“We need to keep the $ 42K mark, as it is the lower level of the correction. I would be very surprised if bitcoin fell below $ 40 thousand, ”said Novogratz.
On December 4, for the first time since the end of September, the price of bitcoin dropped to $ 42 thousand. Then the value of the asset fell by more than 20% per day. This led to massive liquidations of traders’ positions in the amount of more than $ 2.5 billion. On December 8, Bitcoin is trading at $ 50.9 thousand, and its capitalization is $ 962 billion, according to CoinGecko.
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