The CEO and founder of Galaxy Digital Capital Management, Mike Novogratz, shared his opinion on his Twitter that crypto market finally reached the “bottom” and later there will no way down for it.
This is the BGCI chart…I think we put in a low yesterday. retouched the highs of late last year and the point of acceleration that led to the massive rally/bubble… markets like to retrace to the breakout..we retraced the whole of the bubble. #callingabottom pic.twitter.com/EasTBYgjSj
— Michael Novogratz (@novogratz) September 13, 2018
In his opinion, the attached chart from Bloomberg Galaxy Crypto Index shows that the market reached the point which it was at in the middle of November last year, just before the start of the record bullish trend and before the BTC price rise to its maximum of $20,000.
We want to remind you that Bloomberg and Galaxy Digital Capital Management launched a new cryptocurrency index in May this year.
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