Vinny Lingham, CEO of the Civic Data Block Identification Platform, revised his short-term Bitcoin (BTC) price forecast on January 11, telling Cheddar financial news networks that cryptocurrency could fall below $ 3,000.
In an interview, Lingham, who had previously predicted that in the coming months, BTC/USD would trade between $ 3,000 and $ 6,000, said the market would be either a "breakthrough or a failure."
"The reality is that the coin will probably trade in the range of $ 3,000 to $ 5,000 for one or two more months, until everything changes," he said, adding.
Bitcoin drop by 250 $
On Thursday, Bitcoin in a few minutes fell by about $ 250. Renewed volatilityVolatility
– is a financial term that means a statistical indicator of price change. In the cryptocurrency world, it is used by traders as an indicator for managing financial risks. That is, it is a measure of trade risk and as a financial analytical tool for gambling. Details followed a few days of steady growth, undermining the gains made earlier this week.
Altcoins reacted more intensely to Bitcoin changes. The top twenty in terms of market capitalization lost up to 11.3 percent in 24 hours.
"Civic’s own CVC tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details, like many of the original 2017-coin offer (ICO), is currently tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details well below its price release, but this is not a problem for the company", Lingham said.
Some sources, including the old Tone Vays trader, who said in December that the coin could fall below $ 1,300, warn about the upcoming Bitcoin minimum.
Editor: Yulia Krasnaya