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By CCN: As Bitcoin looks to eke out the highest daily close since 2018, crypto market sentiment is getting more and more bullish. Recently, CCN noted that technical analyst Willy Woo believes that there’s only a 5% chance the Bitcoin price hits a new low during the current market cycle.

In another blockbuster tweet, Woo compiled a list of prominent cryptocurrency influencer opinions on this issue. Headlined by Galaxy Digital’s Mike Novogratz, most see an exceptionally high probability that the floor is now in place.

Mike Novogratz Headlines Bullish Bitcoin Calls in Willy Woo Survey

This methodology is a great way to gauge the mood of the industry. While there is plenty of scope for these people with vested interests to be overly bullish, the question of “is the floor in?” should focus the mind. Willy Woo is asking them either yes or no, and it’s easily quantifiable.

Mike Novogratz reportedly said there’s an 85% chance the Bitcoin price won’t sink below its late 2018 low. | Source: Yahoo Finance

It’s not like saying Bitcoin will hit $1 million at some point in the infinite reaches of time. If you are Mike Novogratz saying there is an 85% chance it’s in, it would be a significant hit to your credibility if you are wrong.

Indeed, Mr. Novogratz has been intimating for some time how positive he is feeling about the price action.

Bitcoin’s Status as Digital Gold Central to Novogratz’s Thesis

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