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Top BitMEX Trader Says Bitcoin (BTC) Price Is Going to Reach $16,000 by October

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Thu, 21/05/2020 - 19:29
Top BitMEX Trader Says Bitcoin (BTC) Price Is Going to Reach $16,000 by October
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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

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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

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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. 

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