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

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Thu, 05/21/2020 - 19:29
Alex Dovbnya
Semi-retired BitMEX trader AngeloBTC brings back the 4chan Bitcoin meme from the dead in his $16,000 price prediction
Top BitMEX Trader Says Bitcoin (BTC) Price Is Going to Reach $16,000 by October
Cover image via u.today

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

Related Unless Bitcoin Price Soars by 80 Percent to $16,000, Viral 4chan Prophecy Ends Today
Related
Unless Bitcoin Price Soars by 80 Percent to $16,000, Viral 4chan Prophecy Ends Today


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. 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.