Galaxy CEO sees explosive rally for BTC if it breaks $100K resistance

Mike Novogratz, CEO of crypto financial services firm Galaxy Digital, has identified $100,000 as the key resistance level for Bitcoin, suggesting a breakout above this point could trigger an explosive rally. In a recent interview with Anthony Scaramucci, Novogratz stated that market momentum appears much improved compared to at least a month ago, U.Today reported. While he acknowledged that the options market could slow Bitcoin's rise in the short term, he said the long-term outlook remains optimistic. Novogratz added that the Bitcoin market is moving beyond its traditional four-year halving cycle, which he views as a sign of the asset's growing maturity in the global financial market.