![\"'Oracle'](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2020\/10\/jjkkkkiiiiiiooojjj-768x432.jpg\")
<\/p>\n<\/p>\n
Four years ago, Vinny Lingham predicted bitcoin\u2019s bull run and a number of bitcoiners have referred to him as the \u201coracle.\u201d On Twitter, Lingham is once again giving his predictions on bitcoin\u2019s future prices. He\u2019s also noted this month that he\u2019s \u201cbullish on bitcoin\u201d and hasn\u2019t felt this way since 2016.<\/strong><\/p>\n The former CEO of Gyft and the cofounder of the project Civic, Vinny Lingham<\/a>, has been in the crypto industry for quite some time. Lingham is also known for his predictions and oftentimes the serial entrepreneur is on point. For instance, in December 2016 during Bitcoin\u2019s pre-bull stage Lingham predicted that after BTC<\/a> broke the $800 handle, it would quickly spike into the $900 zone.<\/p>\n \u201cIt\u2019s not entirely clear how long bitcoin still needs to trade in the 700\u2019s to clear out latent supply, but I doubt we will notice the 800\u2019s,\u201d Lingham stated<\/a> on Twitter on December 4, 2016. Sure enough, the price of BTC<\/a> swiftly jumped over the $800 range and into the $900 handle. In 2019, Lingham explained during an interview with cheddar.com that BTC<\/a> would trade sideways for quite some time.<\/p>\n \u201cThe reality is it\u2019ll probably trade sideways between $3,000 and $5,000 for another month or two while it\u2019s trying to find which way to go,\u201d Lingham said<\/a>. \u201cWhen it finds that direction, there\u2019ll be a breakout or a breakdown,\u201d the Civic founder explained last year.<\/p>\n This October Lingham\u2019s tweets seem to show he\u2019s optimistic about Bitcoin\u2019s current runup and on October 7, he said he was feeling bullish. \u201cI haven\u2019t been this bullish on Bitcoin\u2060 \u2060since 2016,\u201d he tweeted<\/a>. \u201cMacro events are teeing us up for another bull run. BTC<\/a> could go 3-5X in the next 12 months, but if it goes 5X+, we\u2019re back to bubble zone. Key indicator is BTC<\/a> dominance \u2013 if it drops below 35% during the run, caveat emptor.\u201d<\/p>\n This week bitcoin (BTC) dominance<\/a> has been around 63% after dropping down<\/a> to the 57% range not long ago. Two weeks after Lingham\u2019s tweet the price started to rise higher and after PayPal announced crypto support the price jumped even higher.<\/p>\n On October 23, Lingham once again made a prediction and said during the next 30 days BTC<\/a>\u2019s price will be volatile. He also noted that he doesn\u2019t think the price will drop below the $12k handle.<\/p>\n \u201cWith Bitcoin now above $12k, the next 30 days will likely bring the highest inflow of fiat into crypto since 2017,\u201d Lingham said<\/a>. \u201cNo coincidence that this period is during the U.S. election. Expect high volatility, but BTC<\/a> likely won\u2019t drop below $12k during this period.\u201d<\/p>\n The Civic cofounder, of course, is not the only notable crypto advocate to give predictions on bitcoin\u2019s future price. On Thursday the crypto pundit Max Keiser said the price has been dilatory. \u201cBitcoin price is lagging hashrate by a considerable margin. Current hashrate trends infer a $35,000 \u2013 $50,000 price,\u201d Keiser tweeted<\/a>.<\/p>\n What do you think about Vinny Lingham\u2019s bitcoin predictions? Let us know what you think in the comments section below.<\/strong><\/em><\/p>\n The post \u2018Oracle\u2019 Vinny Lingham Expects High Bitcoin Volatility, BTC Price Likely to Hold $12K Handle for 30 Days<\/a> appeared first on Bitcoin News<\/a>.<\/p>\n![\"'Oracle'](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2020\/10\/vin.jpg\" "\\"'Oracle'")
<\/p>\n