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Mike Novogratz calls $42,000 key support level for bitcoin as crypto sells off, sees broken stock charts for Apple, Tesla
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Bitcoin bull Mike Novogratz sees the cryptocurrency finding support at $42,000 or lower amid a year-end selloff, but he's not concerned about the price diving further in the medium term.
In an interview on Bloomberg Television on Tuesday, the billionaire boss of Galaxy Digital Holdings said "$42,000 is a pretty important level…low-40s should hold" for bitcoin.
He spoke as bitcoin and other cryptocurrencies have been under pressure recently, including a massive selloff in early December that saw bitcoin sliding by roughly 27% in one day.
Bitcoin and big tech stocks such as Apple have had an «amazing run» this year and «nothing's cheap,» Novogratz added, with big valuations fueled in part by a massive expansion of
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Christmas Rally for Bitcoin, Ethereum as Prices Break Key Levels, Funding Rates Turn Positive cryptonews.com /2 years ago
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