Galaxy Digital CEO Mike Novogratz has said that he expects Bitcoin to see a correction before potentially hitting a new all-time high.
Novogratz believes that the cryptocurrency could fall to the mid-$ $ 50,000 level before surging higher later this year.
BTC May See Correction Before Rally
Bitcoin’s recent surge seems to have cooled a little as traders warned the breakneck pace of the rally was unsustainable. Among those expecting a price correction is the CEO of Galaxy Digital, Mike Novogratz. Novogratz believes the Bitcoin price will see some correction and consolidation before another rally that could see the cryptocurrency reach record highs. Novogratz stated he expects the cryptocurrency to fall to the mid-50,000s before rallying.
“I wouldn’t be surprised to see some correction and some consolidation, but I’m very loath to pick a Bitcoin high because I really do believe this is price discovery. A correction would see it fall to the mid-$50,000s before
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