Crypto analyst Willy Woo says more Bitcoin investors are hodling more than usual during this current resurgence and that the currency might need “to form a base” from which the main bull run can launch.
Woo says the 2019 bull season could be mimicking the structure of Bitcoin’s 2012 jump in value. The analyst notes BTC could consolidate between $7,800 and $9,000 before embarking on a true organic bull run.
Mike Novogratz, CEO of Galaxy Digital, is also reading the tea leaves on Bitcoin’s latest consolidation.
In an interview with Bloomberg's Taylor Riggs, Novogratz says he sees Bitcoin going significantly higher over the next few years. The Bitcoin perma-bull billionaire investor, who is betting on a number of companies that are building blockchain-based infrastructure, eyes $10,000 to $14,000 as the new BTC consolidation range. Read More at Dailyhodl...