One of BitMEX’s leading whales, the anonymous AngeloBTC argued that Bitcoin could reach $16,000 by October.
According to the trader, Bitcoin’s chart points to a triangle that could lead to a valuation soon.
Angelo maintains an optimistic position regarding a Bitcoin valuation.
Bitcoin price consolidates below $10,000 after halving. What’s next?
Days before the halving, the investor stated that the current moment in the BTC ecosystem was very reminiscent of the 2017 race that brought Bitcoin to its historical high.
Therefore, according to him, Bitcoin Era, Bitcoin Circuit, The News Spy, Bitcoin Revolution, Bitcoin Billionaire, Immediate Edge, Bitcoin Profit, Bitcoin Code, Bitcoin Trader, Bitcoin Evolution could easily reach $30,000 by 2021.
„It’s crazy that we’re still looking for $30,000,“ he said.
However, BTC is currently fighting psychological resistance at the $9,000 level and has struggled to reach $10,000 and stay above the mark.
In the short term, analyst and trader Michaël van de Poppe says that the BTC is at risk of a further fall to the low $8,000 level.
„If Bitcoin can’t hold above $9,000, I guess the $8,200-8,500 level will be tested as support then,“ he said.