đThe price of BTC is unlikely to ever fall below $50,000, according to Michael Novogratz, CEO of investment firm Galaxy Digital.
Novogratz believes that bitcoin's rise is due to the influx of funds into spot bitcoin-ETFs. In his opinion, as long as the inflow of funds does not stop, the bitcoin rally will continue, however, once this indicator becomes negative, there will be a real correction.
Once the index turns negative, you will see the first real correction. Funding rates are high and you should always be prepared for a correction during such periods. I don't think we will go back below $50,000-55,000
