Mike Novogratz: Bitcoin Price To Range Between $30k-$50k Throughout The Year

HeadlinesNewsMike Novogratz: Bitcoin Price To Range Between $30k-$50k Throughout The Year

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Mike Novogratz: Bitcoin Price To Range Between $30k-$50k Throughout The Year

NewsBTC2 months ago
Published on March 16, 2022 21:09 GMT+00:00edited on March 17, 2022 17:09 GMT+00:00

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Bitcoin price is struggling to stay over $40,000, but Friday’s options expiry could provide bulls with the $160 million profit they need to keep the positive momentum going.

Bitcoin has had a modestly climbing trend for the past two months, bouncing off its support many times.

Mike Novogratz Predicts Bitcoin Range

In an interview with Bloomberg TV, Michael Novogratz, CEO and founder of Galaxy Digital, estimated that Bitcoin (BTC) will reach $500,000 in the next five years. Despite the current price of BTC, Novogratz’s startling prediction comes as a surprise. He also predicted that Bitcoin will trade between $30,000 and $50,000 this year.

Since the beginning of 2022, the cryptocurrency market has come to a halt and has begun to move downward. Governments all around the world …