Criptionveterinary Galaxy Digital Bank in a note to clients said that short rally, like this one at BTC — it is what happens “before I start a real rally”.
From 17 December, the stock market experienced a period of recovery, where bitcoin rose above $4,000 and below this level it dropped 4 Dec. Galaxy Digital believe that the momentum of bitcoin prices can be more.
In a note called “Why this rally can last longer than you think”the Bank’s experts, pointing to upcoming product launches for institucionales, came to the conclusion that the rebound in the market is more stable than people think.
“Short rally is exactly what happens before a real move. This would create a more stable market “purchases for the fall,” as we look forward to the upcoming institutional launches that will give him support,” — said in a note.
In it, in particular, mentioned two important upcoming events in the industry — starting in 2019 KryptoStorage service Fidelity and platform digital asset Bakkt.
Earlier, the head of Galaxy Digital Mike Novogratz (Mike Novogratz) expressed confidence that institutional investors are “lining up” in anticipation of the launch of both platforms. Novogratz repeatedly tied the prospects of the rise of the stock market with the upcoming mass advent of the professional investors.
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