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Vinny Lingham, CEO of the blockchain identity platform Civic, has revised its short-term price forecast Bitcoin (BTC) on January 11, telling the Cheddar financial news network that the cryptocurrency could fall below $ 3000.
In an interview, Lingham, who previously predicted that the BTC / USD would trade between $ 3,000 and $ 6,000 in the coming months, would have said the market would have a "breakout or breakdown".
"The reality is that he will probably change between $ 3,000 and $ 5,000 for another month or two while he's trying to find the way to go," he said, adding:
"When he finds that direction, there will be a breakout or a break".
Lingham spoke after Bitcoin lost his support to $ 4,000 to lose about $ 250 in a few minutes Thursday.
The renewed volatility had followed several days of flat movements, canceling the gains made at the beginning of the week.
Altcoins reacted more intensely to the Bitcoin move, the top twenty assets by market capitalization have lost up to 11.3 percent in the 24 hours until Friday's press.
The Civic CVC token, like many of the 2017 initial coin offer (ICO) boom, is currently well below the issue price, but it is not a problem for the company, Lingham told Cheddar.
"We have been very gently affected," he said, "we took our ICO's proceeds and held them in cash, so we were less affected than everyone else in space – the people who kept Bitcoin and Ethereum very high priced . "
Other sources of alarm on incoming Bitcoin downs include veteran dealer Tone Vays, who said in December that a fund could fall below $ 1,300.
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