Co-founder and head of Civic, a company that develops identification solutions based on blockchain technology , Vinny Lingham has changed his mind about the prospects for bitcoin prices.
Back in early May, he was not sure that BTC would pass the level of $ 6,300, and now he believes that cryptocurrency is able to break above $ 10,000. Lingema was so impressed with the rapid rise in Bitcoin prices in May that he did not rule out testing her $ 12 in the near future 000, but most likely after a period of consolidation.
“This BTC movement looks aggressive. Makes me think that we can break through $ 10 thousand and test $ 12 thousand very soon. But $ 12 thousand is a very strong resistance level, so I would expect consolidation of about $ 10 thousand for some time, if (probably) the level of $ 12 thousand would be reflected, ” he wrote on Twitter.
This BTC action looks aggressive. I think it’s possible to make it a bit more than $ 12k.
– Vinny Lingham (@VinnyLingham) May 31, 2019
Winnie Lingham is not the first to predict a period of consolidation for Bitcoin. For example, earlier this was stated by BTC futures traders, considering that the cryptocurrency would fall back to $ 7,000. And Mike Novograts believes that $ 10 thousand will be the upper limit for the period of strengthening the price of Bitcoin.
Publication date 06/02/2019
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