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).
Electronic Arts, the video game maker of “Madden NFL,” “The Sims,” and other popular titles, is being acquired and taken private for about $52.5 billion in what could become the largest-ever buyout funded by private-equity firms.
Merriam-Webster has fully revised its popular “Collegiate” dictionary with over 5,000 new words. They include “petrichor,” “dumbphone” and “ghost kitchen.” Also “cold brew,” “rizz,” “dad bod,” “hard pass,” “cancel culture” and more.
YouTube will offer creators a way to rejoin the streaming platform if they were banned for violating COVID-19 and election misinformation policies that are no longer in effect.
