Novogratz Says $100,000 Is Bitcoin’s Key Resistance Level, Breakout Could Spark Strong Rally

JH Kim

Summary

Mike Novogratz said Bitcoin faces key resistance at $100,000, and a break above that level could trigger a strong rally.
He said momentum in the Bitcoin market has improved, though the options market may somewhat limit near-term gains.
The market is focused on whether Bitcoin can break through $100,000, a move that could become a key inflection point for a medium- to long-term uptrend.

Forecast Trend Report by Period

Bitcoin faces a key resistance level at $100,000, and a break above that threshold could trigger a strong rally.

Mike Novogratz, chief executive officer of Galaxy Digital, said in an interview cited by U.Today on April 24 that momentum in the Bitcoin market is improving.

"The market feels much better than it did at least a month ago," he said.

Still, the options market may limit near-term gains to some extent.

Novogratz remains bullish on Bitcoin’s long-term outlook. He also emphasized that the market is moving beyond the traditional four-year halving cycle.

That shift suggests Bitcoin is gradually maturing into a global financial asset.

Market participants are focused on whether Bitcoin can break above $100,000, a level that could mark a key turning point for a medium- to long-term uptrend.