Friday, January 21, 2022
Home Crypto News Market Galaxy Digital CEO, Mike Novogratz Expects Next Bitcoin Rally in Late 2021,...

Galaxy Digital CEO, Mike Novogratz Expects Next Bitcoin Rally in Late 2021, Explains Important Levels For BTC And ETH

- Advertisement -

Following a huge surge in cryptocurrency prices this year, crypto is going through a consolidation period, Galaxy Digital Holdings Ltd, CEO Mike Novogratz said Wednesday on CNBC’s “Squawk Box.”



$40,000 is an important level for Bitcoin (BTC) to hold, Novogratz said, adding that if it falls below $40,000, $38,000 will be the next level to watch.

For Ethereum (ETH), the $2,800 level “seems to be an important level to hold.”Novogratz noted the two most popular cryptocurrencies have traded within those ranges during the consolidation period.

 

Novogratz told CNBC he is still anticipating a surge in cryptocurrency prices before the end of the year.

He said:

“My guess is it’s not until halfway to a third of the way through the fourth quarter that you see the next surge.”

According to him, The asset classes that perform the best throughout the year tend to be the ones that finish the year strong.

He said

“In investing, you know, the great asset class, as it gets close to the year-end, the asset class that’s done the best usually has a great finish.”

The Galaxy Digital CEO is still pretty optimistic for a strong fourth quarter in crypto, but expects “more chop” before popular cryptocurrencies begin surging higher.

 

In his recent tweet, Novogratz also mentioned the U.S. Federal Reserve’s taper talk, Chian Crypto Ban and the $45,000 resistance as the key reasons for the cryptocurrency’s current weakness.

 

- Advertisement -
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. Holds major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

CoinMarketCap Finally Verified The Floki Inu Market Cap

CoinMarketCap (CMC), the world's number 1 crypto asset tracking website, has verified the Floki Inu (FLOKI) market capitalization. ...

Polkadex Joins Second Round of Parachain Auctions with Community Crowdloan

Tortola, British Virgin Islands,, 21st January, 2022,  — Polkadex Inc., the DeFi order-book exchange built on Substrate, has announced its parachain bid, aiming to...

Former VK.com CEO Andrew Rogozov Joins TON Foundation as Founding Member to Oversee Product Efforts at Successor of Telegram’s Blockchain Project

Abu Dhabi, UAE, 21st January, 2022, ChainwireAfter years of building, The Open Network (TON) is excited to announce an exclusive addition to its team:...

FTX Exchange Launches FTX Visa Cards That Will Enable Users To Spend Their Balances At Merchants Worldwide

FTX launches debit cards in collaboration with Visa. window.coinzilla_display = window.coinzilla_display || ; var...

Has The Time Come For Shiba Inu To Get Listed On Robinhood, As The Exchange Launch Public Beta Crypto Wallets

Online broker Robinhood has launched a cryptocurrency wallet beta program for 1,000 selected clients on a waiting list. ...

Ethereum Co-Founder Vitalik Buterin Comes Up With His Guess About Satoshi Nakamoto

During a conversation with UpOnlyTV, Vitalik Buterin, founder of Ethereum, spoke about the current challenges of his project and its use cases.

Top 5 Leading Crypto Firms

The blockchain sector is still in its infancy, but it is expanding rapidly. Blockchains are decentralized databases that are shared across computer network nodes...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.