{"id":10679,"date":"2022-10-13T21:20:58","date_gmt":"2022-10-13T21:20:58","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/10\/13\/how-long-can-bitcoin-btc-usd-bear-market-last-crypto-billionaire-novogratz-shares-thoughts\/"},"modified":"2022-10-13T21:20:58","modified_gmt":"2022-10-13T21:20:58","slug":"how-long-can-bitcoin-btc-usd-bear-market-last-crypto-billionaire-novogratz-shares-thoughts","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/10\/13\/how-long-can-bitcoin-btc-usd-bear-market-last-crypto-billionaire-novogratz-shares-thoughts\/","title":{"rendered":"How long can Bitcoin (BTC\/USD) bear market last? Crypto billionaire Novogratz shares thoughts"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/1657737302934-ae339620-7041-4e57-9d63-8a1d41a6faef-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/1657737302934-ae339620-7041-4e57-9d63-8a1d41a6faef-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/1657737302934-ae339620-7041-4e57-9d63-8a1d41a6faef-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/1657737302934-ae339620-7041-4e57-9d63-8a1d41a6faef-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2022\/07\/1657737302934-ae339620-7041-4e57-9d63-8a1d41a6faef.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>\n                    <\/div>\n<p dir=\"ltr\">Bitcoin (BTC\/USD) sellers are largely exhausted, in response to crypto billionaire Mike Novogratz. Novogratz says that after a giant sell-off three months in the past, most individuals that wished to promote Bitcoin have accomplished so. He notes that the BTC value has largely been muted, permitting a possible takeoff as soon as a \u201cgood story\u201d builds up. So, is a bullish value reversal imminent?\u00a0<\/p>\n<p dir=\"ltr\">Novogratz warns that Bitcoin and different <a href=\"https:\/\/coinjournal.net\/price\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>cryptocurrencies<\/u><\/a> will rally as soon as the Fed pauses coverage tightening. That\u2019s as a result of the selloff was immediately a results of rate of interest hikes in latest occasions. Apparently, the Galaxy Digital CEO expects the Fed to pause charge hikes that may invite a crypto bull rally. However, Novogratz tells traders to count on the bear market to last as long as six months.\u00a0<\/p>\n<p dir=\"ltr\">The feedback by Novogratz come when warning is gripping crypto markets on excessive inflation. On Thursday, the US reported an 8.2% yearly enhance in inflation for September. The achieve was greater than an anticipated 8.1%. The elevated costs increase the prospects of a 75 foundation level rate of interest hike by the Fed in November. The probably resolution signifies that the Novogratz bull state of affairs may take longer to play out.<\/p>\n<p dir=\"ltr\">Bitcoin was already falling forward of the worth knowledge and was buying and selling at $18,342 as of press time. The value was an intraday drop of three.87%.\u00a0<\/p>\n<h2 dir=\"ltr\"><strong>Bitcoin falls to $18,300 amid excessive inflation<\/strong><\/h2>\n<h3>\n    eToro<\/h3>\n<p>eToro is a world social funding brokerage firm which provides over 75 cryptocurrencies to put money into.<\/p>\n<p>It provides crypto buying and selling commission-free and customers on the platform have the choice to manually make investments or socially make investments.<\/p>\n<p>eToro even has a singular CopyTrader system which permits customers to mechanically copy the trades of fashionable traders. <\/p>\n<p>\n    <a href=\"https:\/\/coinjournal.net\/visit\/etoro-crypto?guid=NzczMjg&amp;component=simple-table&amp;language=en&amp;country=DE&amp;state=Not+Applicable&amp;position=1&amp;totalPositions=2\" rel=\"noopener nofollow sponsored\"><br \/>\n                    Buy BTC with eToro today            <\/a><br \/>\n            <button class=\"flex items-center mt-2 text-sm text-gray-600 focus:o-outline-none\" data-tooltip=\"Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. CFD crypto trading is unavailable for clients residing in the UK and US.\" aria-expanded=\"false\"><br \/>\n            <span class=\"border-b border-gray-600 border-dotted\">Disclaimer<\/span><br \/>\n            <span class=\"ml-1\"><br \/>\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\" role=\"img\" viewbox=\"0 0 512 512\" class=\"w-3 h-3\">\n                    <path fill=\"currentColor\" d=\"M256 40c118.621 0 216 96.075 216 216 0 119.291-96.61 216-216 216-119.244 0-216-96.562-216-216 0-119.203 96.602-216 216-216m0-32C119.043 8 8 119.083 8 256c0 136.997 111.043 248 248 248s248-111.003 248-248C504 119.083 392.957 8 256 8zm-36 344h12V232h-12c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12h48c6.627 0 12 5.373 12 12v140h12c6.627 0 12 5.373 12 12v8c0 6.627-5.373 12-12 12h-72c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12zm36-240c-17.673 0-32 14.327-32 32s14.327 32 32 32 32-14.327 32-32-14.327-32-32-32z\"\/>\n                <\/svg><br \/>\n            <\/span><br \/>\n        <\/button>\n    <\/p>\n<h3>\n    Capital.com<\/h3>\n<p>Capital.com is a world dealer which provides over 200 cryptocurrencies for its customers.<\/p>\n<p>It comes with a spread of options resembling; nice safety, 24\/7 help, demo accounts and all kinds of belongings.<\/p>\n<p>On prime of that, it additionally has no inactivity, withdrawal or deposit charges, which makes it stand out from different crypto manufacturers.<\/p>\n<p>\n    <a href=\"https:\/\/coinjournal.net\/visit\/capital-com-crypto?guid=NzczMjg&amp;component=simple-table&amp;language=en&amp;country=DE&amp;state=Not+Applicable&amp;position=2&amp;totalPositions=2\" rel=\"noopener nofollow sponsored\"><br \/>\n                    Buy BTC with Capital.com today            <\/a><br \/>\n            <button class=\"flex items-center mt-2 text-sm text-gray-600 focus:o-outline-none\" data-tooltip=\"81.40% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.\" aria-expanded=\"false\"><br \/>\n            <span class=\"border-b border-gray-600 border-dotted\">Disclaimer<\/span><br \/>\n            <span class=\"ml-1\"><br \/>\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\" role=\"img\" viewbox=\"0 0 512 512\" class=\"w-3 h-3\">\n                    <path fill=\"currentColor\" d=\"M256 40c118.621 0 216 96.075 216 216 0 119.291-96.61 216-216 216-119.244 0-216-96.562-216-216 0-119.203 96.602-216 216-216m0-32C119.043 8 8 119.083 8 256c0 136.997 111.043 248 248 248s248-111.003 248-248C504 119.083 392.957 8 256 8zm-36 344h12V232h-12c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12h48c6.627 0 12 5.373 12 12v140h12c6.627 0 12 5.373 12 12v8c0 6.627-5.373 12-12 12h-72c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12zm36-240c-17.673 0-32 14.327-32 32s14.327 32 32 32 32-14.327 32-32-14.327-32-32-32z\"\/>\n                <\/svg><br \/>\n            <\/span><br \/>\n        <\/button>\n    <\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2022\/09\/13\/1665684692172-ca1219fe-9775-4631-8187-5f5322394dc8.png\" style=\"width: 600px\" class=\"fr-fic fr-dib\" width=\"600\" height=\"308\"\/>Source \u2013 TradingView<\/p>\n<p dir=\"ltr\">A technical outlook reveals Bitcoin crashing under the psychological help of $19,000. A bearish MACD crossover reinforces a bearish outlook on the biggest cryptocurrency.\u00a0<\/p>\n<h3 dir=\"ltr\"><strong>Should you purchase Bitcoin?<\/strong><\/h3>\n<p dir=\"ltr\">$19,000 stays a vital zone for <a href=\"https:\/\/coinjournal.net\/bitcoin\/price\/#:~:text=Bitcoin%20price%20%E2%80%93%20%249959.17.\" rel=\"noopener noreferrer\" target=\"_blank\"><u>Bitcoin<\/u><\/a> patrons. Multiple bottoms have occurred on the stage highlighting that bulls have defended the zone. That partly helps Novogratz\u2019s view that the promoting is over for BTC. However, BTC just isn&#8217;t but a purchase.<\/p>\n<p dir=\"ltr\">The breakout candlestick ought to stay in our curiosity. A detailed under the $19,000 help may power BTC to a brand new low. However, contemplating the historic value patterns across the stage, the every day candlestick may shut greater. That would end in a bullish reversal sign and invalidate a bear view.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/how-long-can-bitcoins-bear-market-last-crypto-billionaire-novogratz-shares-thoughts\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin (BTC\/USD) sellers are largely exhausted, in response to crypto billionaire Mike Novogratz. Novogratz says that after a giant sell-off three months in the past, most individuals that wished to promote Bitcoin have accomplished so. He notes that the BTC value has largely been muted, permitting a possible takeoff as soon as a \u201cgood [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[4],"tags":[719,325,20,3811,24,641,41,2259,154,4742],"class_list":["post-10679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-bear","tag-billionaire","tag-bitcoin","tag-btcusd","tag-crypto","tag-long","tag-market","tag-novogratz","tag-shares","tag-thoughts","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/10679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=10679"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/10679\/revisions"}],"predecessor-version":[{"id":10680,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/10679\/revisions\/10680"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/4792"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=10679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=10679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coin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