RATE Group | Bitcoin rejected from $10,000, Mike Novogratz reckons “this rally is just starting”
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Bitcoin rejected from $10,000, Mike Novogratz reckons “this rally is just starting”

09 May Bitcoin rejected from $10,000, Mike Novogratz reckons “this rally is just starting”

Posted at 12:57h in Cryptocurrency News by

  • Ex-hedge fund manager, Mike Novogratz encourages investors to buy more Bitcoin as it yet to post yearly highs.
  • Bitcoin breaches the $10,000 level but has now retreated 1.32% to trade at $9,867.
  • Ethereum and Ripple retreat from intraday highs and likely to test key levels at $200 and $0.21 respectively.

Bitcoin price was at the forefront of recovery on Thursday when it exploded to $10,000. The rest of the market tried to emulate BTC but could only post gains in small margins. For instance, Ethereum finally broke above the resistance at $212 and extended the action to $216. Ripple bounced off the support at $0.21 and broke the stubborn resistance at $0.22. At the time of writing, retracements are underway across the board with Bitcoin price sliding back under $10,000.

Mike Novogratz remains bullish

The former hedge fund manager, Mike Novogratz believes that Bitcoin surge above $10,000 is just the beginning of a long-running rally. His message to investors is…

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