Vinny Lingham: Bitcoin could test $12k in near future

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”.

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.