Top BitMEX Trader Says Bitcoin (BTC) Price Is Going to Reach $16,000 by October
Prominent cryptocurrency trader AngeloBTC, who at one point topped BitMEX’s leaderboard, predicts that the Bitcoin price is going to $16,000 by October.
In his tweet, he recalls the ‘charts never lie’ line from the viral Asuka meme that even got picked up by world-famous whistleblower Edward Snowden.
"$16k by October. The charts never lie." $BTC pic.twitter.com/fu9a8prU7T— Angelo฿TC (@AngeloBTC) May 21, 2020
He also cautioned traders against shorting ‘the best-performing asset of the decade’ in spite of Bitcoin’s abysmal price performance over the last few days.
The BTC price dropped to an intraday low of $8,800 on May 21 due to the fears of Satoshi’s comeback.
In April, AngeloBTC, who rarely makes appearances on Twitter, compared Bitcoin’s price action to early 2017 after predicting that BTC could surge to $30,000.
Make no mistake — the trader is not a permabull. Back in 2019, he accurately predicted that the price of Bitcoin would revisit $6,000 in November.