Bitcoin Reverses Its Downtrend! Galaxy Digital CEO Predicts a Surge to $200,000
TradingKey – Bitcoin stabilizes above $100,000 as Mike Novogratz forecasts a rally to $200,000.
On Sunday, September 28, Bitcoin (BTC) halted its recent decline and entered a consolidation phase. Over the past 24 hours, BTC dipped just 0.26%, currently trading at $109,398 — still holding above the key $100,000 level.
BTC Price Chart – Source: TradingView.
Over the past month, Bitcoin has experienced a rise followed by a pullback, with a net decline of nearly 2%, underperforming gold (XAUUSD). During the same period, spot gold prices climbed steadily, gaining over 10% and now approaching $3,800 per ounce.
Bitcoin vs. Gold Monthly Performance – Source: CoinMarketCap.
Despite Bitcoin’s recent volatility, Galaxy Digital CEO Mike Novogratz remains bullish. He believes the Federal Reserve’s dovish stance will fuel a breakout in Bitcoin’s price, potentially driving it to $200,000. He also expects gold to continue its upward trajectory under the same macro conditions.
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