Novogratz: Bitcoin will not crack $ 9,000 by the end of the year

The Bitcoin price has been moving within a price range of $ 6,000 to $ 7,000 for several weeks and shows no clear direction - neither up nor down. Although the lower volatility is a positive sign from the perspective of many experts, many investors are waiting for a renewed upturn.

He believes that Bitcoin can reach the $ 10,000 mark in the first two quarters of 2019 before the price stabilizes at this level in the long term. The coming year will be very fruitful as institutional investors will be investing large amounts of fresh capital into crypto currencies due to "FOMO" (Fear of Missing Out) ", fear of missing out on something.

Within the last 24h, Bitcoin has posted a minimal price gain of + 1.60 percent to a price of $ 6,581.10. Trading volume is $ 3.3 billion and its market capitalization is $ 113.8 billion. The next few days will show in which direction Bitcoin moves.