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A crypto venture capital firm led by Wall Street veteran Max Keiser says Bitcoin will rise to $100,000 at the expense of all other crypto assets.
Heisenberg Capital says it’s pouring new capital into the leading cryptocurrency in anticipation of the market “rejecting everything” except BTC.
https://twitter.com/HeisenbergCap/status/1125104461465182208
The fund has invested in a number of leading crypto companies including Bitpay, Kraken, ShapeShift and Bitfinex. The post triggered an instant response on crypto Twitter in defense of alternate cryptocurrencies.
[tweet 1125185183005728768 hide_thread=’true’]
[tweet 1125426979707158528 hide_thread=’true’]
Right now, the crypto market is mixed, with Bitcoin up 0.14% at $5,680, according to Coin360. Ethereum is up 8.28% at $173.83 and XRP is up 0.42% at $0.3005.
Technical analysts are watching Bitcoin’s resistance at $5,700, with CoinDesk’s Omkar Godbole calling out risk of a short-term pullback.
Bitcoin
CoinDesk – Bitcoin risks pullback after rejections at key 2018 price hurdle
FXStreet – Strong growth above $5,700 is needed for an extended recovery
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Ethereum
CoinGape – ETH blasts through short-term hurdle
FXStreet – ETH/USD breaks above descending channel resistance
XRP
Blockonomi – Clear risk of further declines
Live Bitcoin News – XRP bulls now facing uphill task
Litecoin
Ethereum World News – Risk of downside extension below $70
FXStreet – LTC/USD next major bull target of $100 in sight
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