Analysts Believe Bitcoin is Consolidating Before Next Big Surge; Here’s Why

Michael Novogratz, a popular cryptocurrency investor and the founder of Galaxy Digital, recently dispelled some investor’s concerns that Bitcoin will soon drop to unrealistic prices, and further added that BTC is currently just consolidating before it moves significantly higher.

“If $btc goes to $100, it is game over.  IT WON’T.  It’s already established itself as a store of value.  Stop wasting your time with these tweets and go outside and enjoy the summer.  $btc is consolidating before its next move higher.   Let it work for you,” he advised in a recent tweet.

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