Bitcoin Boom to $100K Will Destroy Altcoins, Predicts Crypto Firm – BTC, Ethereum, XRP, Litecoin Forecasts

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.

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.

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.

Source: Coin360

Technical analysts are watching Bitcoin’s resistance at $5,700, with CoinDesk’s Omkar Godbole calling out risk of a short-term pullback.

Bitcoin

CoinDeskBitcoin risks pullback after rejections at key 2018 price hurdle

FXStreetStrong growth above $5,700 is needed for an extended recovery

Ethereum

CoinGape ETH blasts through short-term hurdle

FXStreet

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