Bitcoin Approaching a 'Breakout or a Breakdown,' Says Civic CEO
*By Michael Teich*
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."
Lingham, whose company specializes in identity protection using blockchain, expects the cryptocurrency to trade in a tight range before making an explosive move higher or lower.
"The reality is, it will probably trade sideways between $3 -$5,000 for another month or two while it's trying to find which way to go and when it finds direction it will be a breakout or a breakdown."
With Thursday's selloff, Bitcoin is giving up its gains for the month of January.
For full interview [click here](https://cheddar.com/videos/bitcoin-slips-below-3-6k).
Emily Peck, National Correspondent at Axios, explains why office vacancies hit 21% despite RTO pushes, highlighting a lasting shift in how Americans work.
Tobias Bauer, CEO & President of Rolling Stock at Siemens Mobility North America, shares insights on a $220M investment reshaping U.S. rail infrastructure.
Kory Kantenga from LinkedIn unpacks how the US added nearly 3x the expected jobs in March, and whether it can last as the Iran war reshapes the economy.
U.S. Air Force pilot Tyler Lucas beat 199 competitors on Beast Games Season 2 to win $5.1M. He joins us live to share how discipline and loyalty won the game.
Osier founder Cheree Ashley spent a decade building recovery programs & now she's channeling that mission into skincare with Selling Sunset's Sandra Vergara.
Genesis just committed to 22 new vehicles by 2030. The brand's COO joins us live to break down their luxury takeover, NY Auto Show reveals, and what's next.
