One of the world’s most prominent cryptocurrency investors, Michael Novogratz, just called the low in cryptos. The ex Goldman Sachs investment banker runs Galaxy Investment Partners, an investment firm with a strong focus on digital assets. His twtt with a hashtag #callingabottom says it all.
AskBrokers wrote about the Bitcoin having massive support levels here a few days ago. Calling bottom or lows is a very hard game. We stay humble and point out that the 6k is a huge level and an important support area to watch carefully. The negative trend is still intact and we probably need more time for investors to change hands from weak to strong hands as the consolidation continues.
Source: Bloomberg
