Mike Novogratz: Bitcoin is just accelerating

The billionaire head of Galaxy Digital urged people to buy cryptocurrency so as not to miss the "departing train".AnalystAmsterdam Stock Exchange Poppe said in which case a coin will cost more than $ 11,000.

Bitcoin price will start to grow faster as soon aswill overcome the level of $ 10,000, said billionaire and head of Galaxy Digital Mike Novogratz. In his Twitter account, he called for "getting on the train," that is, buying cryptocurrency. A few hours after that, her rate began to grow and reached $ 10,380.

$ BTC is coiling. It will take out 10k soon.   All the tragic turmoil in the USA adds to the narrative. Budgets are going one way and it’s the opposite of balanced. When 10k goes it will move fast. Get on the train.

— Michael Novogratz (@novogratz) June 1, 2020

“BTC is accelerating. And soon he will take $ 10,000. All the tragic riots in the United States fit into this story. Budgets are no longer balanced. When the price overcomes $ 10,000, it will go further faster. Get on the train, ”wrote Novograts.

The rise in the price of the first cryptocurrency is also expectedAmsterdam Stock Analyst Michael van de Poppe. According to him, the rate of the coin can rise to $ 11,000 and higher. But for this he needs to overcome the resistance zone of $ 10,000-10,300, in which he is currently located.

Wonderful move to $10,000.

The crucial make or break level still needs to be broken, which is the zone $10,000-10,300 area.

If that breaks, we could see one big move towards $11,000 .

Overall, in resistance right now.

Ethereum acting strong as well, pfew. $ BTC

— Crypto Michaël (@CryptoMichNL) June 2, 2020

Analyst adheres to a similar scenarioBitcoinist portal Yashu Gola. He predicted that Bitcoin could go up to $ 11,000 in a few weeks. One reason for this is a weakening dollar. The WSJ index, which shows the value of USD against 16 foreign currencies, fell 0.57% to 92 points.

Another reason Gola called tensionrelations between the US and China. Last year, under similar conditions, Chinese investors bought Bitcoin to protect themselves from the devaluation of the renminbi. At the same time, the coin rally began, and its rate rose by 200%.

Currently, Bitcoin is trading at around $ 10,100, in 24 hours it has risen in price by 5.8%. The daily volume of coin trading increased by 30.1%, to $ 38.3 billion. For BTC in the cryptocurrency market - 65.5%.

In April, Novogratz said that he expects the value of BTC to rise to $20,000 by the end of this year.The billionaire also noted that the situation in the cryptocurrency market has changed.Hedge funds and investors whose financial assets exceed$1 million

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