Mike Novogratz Predicts Bitcoin To $100K By The End Of 2024
Portfolio Pulse from Murtuza Merchant
Galaxy Digital CEO Michael Novogratz predicts Bitcoin will reach $100,000 by the end of 2024, driven by regulatory tailwinds and increased institutional adoption. He highlights the importance of surpassing the $73,000 resistance level and sees further regulatory clarity and traditional financial institutions' involvement as key catalysts.
June 04, 2024 | 7:10 pm
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Michael Novogratz predicts Bitcoin will reach $100,000 by the end of 2024, driven by regulatory clarity and increased institutional adoption. Surpassing the $73,000 resistance level is seen as a critical step.
Novogratz's prediction is based on positive regulatory developments and increased institutional interest, which are strong catalysts for Bitcoin's price increase. The $73,000 resistance level is a critical technical marker.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100