The CEO of the blockchain-based crypto identity platform Civic says Bitcoin could soon rip through resistance and continue rising all the way to $12K.

Vinny Langham, who was bearish on BTC less than a month ago, says Bitcoin’s newfound return to volatility has him expecting a quick run to $12,000 followed by consolidation at $10,000.

Meanwhile, veteran trader Peter Brandt says BTC appears to have stabilized after its sudden drop from $9,000 to $8,400 on Thursday.

Brandt called Bitcoin’s collapse in January of 2018 and recently said Bitcoin’s recent parabolic rise could take the price of BTC as high as $300,000.

Right now, Bitcoin is up 1.67% at $8,550 according to COIN360. Ethereum is up 1.06% at $264.45 and XRP is up 0.69% at $0.4297.

Source: COIN360

Technical analysts are tracking Bitcoin’s bounce after this week’s sell-off, with mixed outlooks for altcoins.

Bitcoin

Bitcoin Magazine – Bullish market structure upheld following strong sell-off

NewsBTC – BTC/USD pair facing solid resistance near the $8,600 mark

Ethereum

FXStreet – ETH/USD bounces off a critical area of support

Crypto Vibes – ETH below resistance at $280, likely to keep falling in short term

XRP, Litecoin, Bitcoin Cash, EOS, Tron, Cardano

CoinCodex – XRP market consolidating on medium-term trend

FX Empire – Bitcoin Cash, Litecoin and XRP push for bullish start to June

NewsBTC – Crypto Market Primed For Gains: Bitcoin Cash, EOS, TRX, ADA Analysis

Join us on Telegram 
Follow us on Twitter


Check Out the Latest Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

(Excerpt) Read more Here | 2019-06-01 20:11:05
Image credit: source

LEAVE A REPLY

Please enter your comment!
Please enter your name here