Skip to content

BitMEX Whale predicts that Bitcoin will cost $ 16,000 in October

May 23, 2020

The anonymous AngeloBTC, one of BitMEX’s leading whales, argued this Bitcoin could hit $ 16,000 in October.

According to the trader, the Bitcoin chart points to a triangle that could soon lead to an evaluation.

Optimistic whale

Angelo remains optimistic about Bitcoin appreciation.

BitMEX Whale predicts that Bitcoin will cost $ 16,000 in October
BitMEX Whale predicts that Bitcoin will cost $ 16,000 in October

Days before halving, The investor stated that the current moment of the BTC ecosystem is very reminiscent of the 2017 race in which Bitcoin hit its all-time high.

Therefore, according to him, Bitcoin could easily reach $ 30,000 by 2021.

“It’s crazy that we’re still looking for $ 30,000,” he said.

resistance

However, BTC is currently struggling with psychological resistance at $ 9,000 and has trouble reaching $ 10,000 and staying above the mark.

In the short term, according to analyst and trader Michaël van de Poppe, BTC is threatened with a further decline to a low level of USD 8,000.

“If Bitcoin can’t hold over $ 9,000, I expect the $ 8,200 to $ 8,500 level to be tested for support below,” he said.