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Bitcoin came back above $ 8,500 after falling to $ 8,000. Vinny Lingham, Bitcoin bull and CEO of CivicKey, said BTC's recent action seemed "aggressive" to him.
Bitcoin has recovered perfectly from the strange move made earlier this week. BTC first broke the $ 9,000 mark, but was rejected at $ 9080, falling to $ 8,000 within 12 hours.
The fact that Bitcoin has already returned above $ 8500 already, suggests to Lingham that we are ready for 5 figures. "This BTC action seems aggressive," Lingham said on Twitter. "It makes me think 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. & # 39;
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 a while if $ 12,000 is (probably) rejected.
– Vinny Lingham (@VinnyLingham) May 31, 2019
Earlier in May, Lingham called the end of the bear market. On May 10, he said that "if Bitcoin can maintain the level of $ 6,200 for the next 24 to 48 hours, then the bear market is officially over and I will become an angry bull!"
If Bitcoin can maintain the level of $ 6,200 for the next 24 to 48 hours, then the bear market is officially over and I will become a rabid bull!
– Vinny Lingham (@VinnyLingham) May 10, 2019
Now this furious bull is coming, says Lingham, with $ 12,000 on the table.
His suite recognizes that the momentum has changed for Bitcoin.
The corner has gone from bear to bull market. We are now starting the nice upward trend of $ 20,000 and over for half. Congratulations to all who have the foresight to hold / accumulate through the bear.
– BittBurger (@BittBurger) May 31, 2019
Okay, we tested 11750 twice downhill so that a third time could get through and test ATH! Just say, anything can happen and if 100k is a possibility, it will not take the obvious way for everyone to enter! Most will have no chance if this is the case
– manny d (@ ne_crypto401) May 31, 2019
D & # 39; agreement. The strong returns of these troughs have been almost incredible. There are really a lot of positive feelings right now …
– Andrew Wertheim (@awertheim) May 31, 2019
Others are a little more cautious.
What makes you think that we will exceed the resistance of 9 000 $, we tested it 4 to 5 times, the last time leading to a fall of 10 to 15%.
– Joshua (@itgRyan) May 31, 2019
Bitcoin could still test between $ 6,000 and $ 7,000 and consolidate before moving on.
– S T (@sktfilm) May 31, 2019
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