Billionaire investor Mike Novogratz stated that the market has started to demonstrate signs of seller fatigue, as bears have started to become uncomfortable selling cryptocurrencies at such a low price range. Novogratz emphasized that the cryptocurrency market has bottomed out based on various technical indicators.
“I think we put in a low yesterday. Retouched the highs of late last year and the point of acceleration that led to the massive rally/bubble. Markets like to retrace to the breakout. We retraced the whole of the bubble.”
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