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Bitcoin Approaching a 'Breakout or a Breakdown,' Says Civic CEO

Video Credit: Cheddar Inc. - Duration: 01:47s - Published < > Embed
Bitcoin Approaching a 'Breakout or a Breakdown,' Says Civic CEO

Bitcoin Approaching a 'Breakout or a Breakdown,' Says Civic CEO

Bitcoin's rebound over the $4,000 mark was short-lived, tumbling on Thursday below the $4,000 price level for the first time since Jan.

6.

"I think it is a good chance we are going to retest 3,000 as a low and there is a good chance it will probably break through that ー if it hits that low," said Civic CEO Vinny Lingham in an interview with Cheddar.

"The market is definitely trying to find a bottom, and I don't think we've found one yet."

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