Mike Novogratz says crypto is in a “consolidation phase” and predicts that prices will bounce higher at the end of the current quarter.
Bitcoin’s (BTC) price will continue to range between $55,000 and $75,000 over the next month, potentially bouncing higher toward the end of Q2, according to Mike Novogratz, the founder and CEO of Galaxy Digital.
Speaking on Galaxy Digital’s Q1 earnings call, during which the firm reported record quarterly revenue, Novogratz said crypto markets are currently in a “consolidation phase” and predicted that prices will bounce higher towards the end of the current quarter.
“Bitcoin, Ethereum, and everything else, Solana will consolidate. What does that mean? It means probably somewhere between 55 and 75 until the next set of circumstances, the next set of market events brings us higher,” he said.
