MV Capital | Galaxy Digital CEO Novogratz Sees Bitcoin Ending 2026 Near $100,000

Mike Novogratz identifies $60,000 as the cycle low and $80,000 as critical support while forecasting a year-end close approaching six figures.

Mike Novogratz, chief executive of Galaxy Digital, outlined a constructive medium-term view for Bitcoin during a recent conversation on the All Things Markets podcast with Anthony Scaramucci. At the time of his remarks, Bitcoin traded near $84,000. Novogratz argued that the recent correction has likely found its floor and that the cryptocurrency is now positioned within an $80,000 to $100,000 range for the remainder of the year.

Key Support Levels and Cycle Outlook

Novogratz identified the $60,000 area as the probable low for the current cycle. He stated that Bitcoin’s move toward this zone marked what he regards as the trough of the downturn. Maintaining a weekly close above $80,000 is, in his assessment, the immediate technical condition that matters most for short-term direction.

I think the 60 print is the low of the cycle. I think right now 80, holding 80 on a weekly close, is important. And, you know, we’ve tested it a couple times.Mike Novogratz

While he did not rule out a temporary retreat into the upper $70,000s—possibly as low as $78,000—Novogratz described such a move as likely brief if the broader support structure holds. In his view, the market has shifted into an $80,000–$100,000 corridor.

Price Level	Significance
$60,000	Identified as likely cycle low
$80,000	Key weekly support threshold
$84,000	Spot price during the interview
$100,000	Projected year-end 2026 target

Year-End Projection and Market Dynamics

Looking further ahead, Novogratz said he would not be surprised if Bitcoin finished 2026 close to $100,000 after testing higher levels during the year. He framed this outcome as consistent with the asset settling into its new trading range rather than requiring an immediate breakout.

Maybe it goes to 78 or something, but it’s now, in my mind, an 80-100 range. And I would not be surprised if we end the year close to 100, having gone through it.Mike Novogratz

Galaxy Digital, the firm Novogratz leads, specializes in digital-asset trading, asset management and related financial services. His comments come against a backdrop of reduced forced selling. Novogratz observed that many participants who needed to liquidate positions appear to have already done so, which could ease further downside pressure.

Bitcoin’s Distinct Market Role

Novogratz also stressed Bitcoin’s unique standing relative to the wider cryptocurrency market. While the asset operates differently from other digital tokens, he noted that it continues to set the tone for overall market momentum.

Again, Bitcoin is different than the rest of crypto, but it actually drives a lot of the energy.Mike Novogratz

With major forced sales largely complete and technical support levels now in focus, attention centers on whether Bitcoin can sustain weekly closes above $80,000 as it navigates the path toward the $100,000 zone by the close of 2026.