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The CEO of Civic, the blockchain-based cryptographic identity platform, said Bitcoin may soon dispel the resistance and continue to grow up to $ 12,000.
Vinny Langham, who was bearish at BTC less than a month ago, said the recent return to Bitcoin volatility allowed her to expect a rapid rise to $ 12,000 followed by 39, a consolidation at 10,000 USD.
This action of the BTC seems aggressive. It makes me think that we could spend $ 10,000 and test $ 12,000 very soon, but $ 12,000 is a very high level of resistance. I would expect a consolidation around the $ 10,000 level for some time if $ 12,000 is (probably) rejected.
– Vinny Lingham (@VinnyLingham) May 31, 2019
According to Peter Brandt, a former trader, the BTC seems to have stabilized after its sharp drop from $ 9,000 to $ 8,400 on Thursday.
Brandt called the Bitcoin collapse in January 2018 and recently said the recent parabolic rise of Bitcoin could drive up the price of the BTC to $ 300,000.
$ BTC seems to stabilize after the 12% break on Thursday. I am ready to dive your feet in the water. pic.twitter.com/wjoPKfY34c
– Peter Brandt (@PeterLBrandt) May 31, 2019
At present, Bitcoin is up 1.67% to $ 8,550 according to COIN360. Ethereum is up 1.06% to $ 264.45 and XRP is up 0.69% to $ 0.4297.
Technical badysts are watching the rebound of Bitcoin after this week's sale, with mixed prospects for altcoins.
Bitcoin
Bitcoin Magazine – Continued bullish market structure following strong sale
NewsBTC – BTC / USD is facing strong resistance close to $ 8,600
Ethereum
FXStreet – ETH / USD bounces on a critical area of support
Crypto Vibes – ETH below resistance at $ 280, likely to continue falling in the short term
XRP, Litecoin, Bitcoin Silver, EOS, Tron, Cardano
CoinCodex – The XRP market consolidates its medium-term trend
Empire FX – Bitcoin Cash, Litecoin and XRP grow to a bullish start in June
NewsBTC – The crypto market is setting off gains: Bitcoin Cash, EOS, TRX, ADA
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