Bitcoin could blow through $10,000 and test $12,000 very soon, according to Vinny Lingham, who fronts blockchain startup Civic and is also a general partner at Multicoin Capital.
In a tweet, he said that he expects consolidation around the $10,000 level for some time “if $12,000 is (likely) rejected”.
This BTC action looks aggressive. Makes me think that we may blow through $10k and test $12k very soon, but $12k is a very heavy resistance level, so I would expect consolidation around the $10k level for some time if $12k is (likely) rejected.
— Vinny Lingham (@VinnyLingham) May 31, 2019
Michael Novogratz
Bitcoin will consolidate somewhere between $7,000-$10,000, Michael Novogratz, Founder and CEO of Galaxy Digital, reckons.
“If I’m wrong on that, I think I’m wrong to the upside, that there’s enough excitement and momentum that it could carry through,” he said this week.
According to a Bloomberg report, Novogratz credits this year’s rally to mainstream acceptance of cryptocurrencies, as well as Wall Street giants and companies like Facebook turning their attention to blockchain technology.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.