Legendary Bitcoin trader and a self-proclaimed whale whisperer, AngeloBTC is back in the market with his bullish price predictions for four crypto assets.
Last time, the market heard from AngeloBTC was in October 2019 when he called out for $6,000 levels for Bitcoin when the digital asset was trading at around $8,400 where he said, “I will add to long-term holdings.” And indeed, first in November and then in December we went down below $6,500 level, a fall from late October’s above $10,000 price level.
Before this in August, AngeloBTC forecasted $8,000 during the time Bitcoin was trading above $12,000 and just months before in June, we made a yearly high at $13,900. In late Sept. we finally did see $8,000 and went even lower.
A top trader on crypto derivatives exchange BitMEX that offers up to 100x margin trading, AngeloBTC is back with his predictions but this time it’s a dose of hopium for crypto bulls.
Good luck, have fun.
— Angelo฿TC (@AngeloBTC) February 18, 2020
The top of the last bull cycle in 2017 was $20,000 and currently, Bitcoin is trading around $9,700. This puts $30,000 in an uptrend of 209% from the current level.
The world’s leading cryptocurrency has already breached the 200-day moving average and today, we even printed the golden cross which is the long term bullish indicator.
Also, given that the popular stock-to-flow model puts Bitcoin’s value at above $100,000 before Dec. 2021, it makes sense that the digital asset would at least take out the previous ATH this year.
What’s in for ETH, XRP, & XTZ?
Apart from Bitcoin, there is another cryptocurrency that will continue to make a new ATH, Tezos (XTZ). As we reported, XTZ has already made a new high and worked its way into the top 10 cryptocurrencies.
Currently, XTZ is trading at $3.23, with 147% gains on a year-to-date basis, all thanks to the baking frenzy that has nearly 80% of Tezos supply locked up for staking. According to AngeloBTC, the digital asset would also be seeing over 200% of gains to climb to $10.
For the second-largest cryptocurrency, Ethereum, however, AngeloBTC has the least expectation as he predicts a minimum jump of 87%. Currently trading at $263, up 105% in 2020 so far, the trader sees it going to at least $500 moving into 2021.
But for the third-largest cryptocurrency, XRP, the investors are in for the highest gain of 248%. At the time of writing, XRP/USD has been trading at $0.282 and as per the trader, by 2020 we could see $1 finally, which was last spotted in February 2018 during the trip down from the January ATH of $3.92.