Investors think Dogecoin ( DOGE ) rally has started, Vinny Lingham says Bitcoin ( BTC ) will test $12k soon
Dogecoin Goes Up
Dogecoin has been lately missing out the recent bull run action. While coins such as Bitcoin, Ethereum, Litecoin, EOS, Tron, etc have shown good gains in the past week (an average of +8%), Dogecoin gains have been pretty low.
But all that changed yesterday. Other cryptocurrencies showed a FUD after Bitcoin failed to touch $9K and immediately crashed to $8, but Dogecoin, on the other hand, showed gains of 4.20%. The cryptocurrency touched $0.003400 and has a positive trend line.
Many investors and traders believe that Dogecoin’s rally has started and we could see Dogecoin touching $0.00400 soon.
Vinny Lingham says Bitcoin (BTC) to touch $12K
Founder of the blockchain identity platform Civic and a General partner at Multicoin Capital, Vinny Lingham, said in a tweet that Bitcoin (BTC) will touch $12K this bull run.
He also adds that there is heavy resistance at $12K and if $12K is rejected (likely) then there would be a heavy consolidation around $10K.
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
Vinny Lingham’s predictions haven’t exactly been on point before. He previously predicted that Bitcoin (BTC) would crash to $1600 but as the markets have shown the Bitcoin bottom was around $3,500.
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