Novogratz Predicts $100K Bitcoin by Year-End

Bitcoin Price Forecast

Galaxy Digital CEO Mike Novogratz remains bullish on Bitcoin despite the cryptocurrency hovering near a key technical level, saying he still likes the chart and would not be surprised to see BTC reach $100,000 by the end of the year.

Novogratz's comments come as Bitcoin struggles to break above the $50,000 resistance level, which has been a significant hurdle for the cryptocurrency in recent months.

Despite this, Novogratz believes that the strong chart and improving fundamentals make it likely that Bitcoin will continue to rise in value, potentially reaching the $100,000 mark by year-end.

In an interview, Novogratz stated that he has been following Bitcoin's chart closely and believes that the current price action is indicative of a larger trend.

"I still like the chart," Novogratz said. "I would not be surprised to see BTC reach $100,000 by the end of the year."