Novogratz declares he sold from his Bitcoin holding yesterday.

We won’t reach $4,000, Novogratz predicts possible further trend.

The Billionaire investor wishes to buy back at $10,000.

Are we headed for the bear? This is the question that inundates the crypto space as Bitcoin losses about $2,000 from its yesterday one year peak of $13,800. This has so far caused disruption in the market as novices who were lured into the trading sphere by the market FOMO continue to shiver.

Oldbies, even though are not new to the volatility of Bitcoin, are at vigil, waiting for prediction from reputable market expert(s), especially those who have had the forecast come to past.

At the expense of the down trending market, Micheal Novogratz today revealed a remarkable action he took in the market yesterday.

The American billionaire investor who seems to be annoyed about the extreme volatility displayed by Bitcoin claimed he sold a little bit from his Bitcoin yesterday.

Novogratz who currently serves as the CEO of Galaxy Digital Holdings Ltd. made the declaration during a CNBC interview on Thursday.

“I sold a little bit yesterday,” Novogratz stated. The investor, while expressing his discontent for the drop in Bitcoin’s price, stated that he wished he’d sold more.

“I wish I sold a lot,” Micheal added.

When asked about what to expect in days to come and if Bitcoin would be going back to $14,000, Novogratz stated that he thinks we would remain between $10,000 and $14,000.

“I think we put a tradable top yesterday. It was parabolic. It was a frenzy,” added.

The investor during the interview also talked about the shutting down of some exchanges which many claimed is the cause of the price fall.

He said two exchanges which include Coinbase and another, were unable to handle the huge trading volume at the middle of the bull rally.

The second exchange being India’s largest exchange, Koinex, were such a huge blow for the market.

When asked about the possibility of Bitcoin going down to touch $4,000, Novogratz said we aren’t going to ever reach $4,000.

Furthermore, Bloomberg reported that the billionaire stated that he wishes to buy back at $10,000.