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Bitcoin Burst to $12K at Hand, Says Crypto Influencer – BTC, XRP, Ethereum, Litecoin Forecasts

June 01, 2019

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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.

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

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

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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.

$BTC appears to be stabilizing after the 12% break on Thursday. I am willing to dip by toes back in the water. pic.twitter.com/wjoPKfY34c

— Peter Brandt (@PeterLBrandt) May 31, 2019

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.

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

Bitcoin

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Ethereum

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

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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 losses 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.