Bitcoin price is enjoying another run-up after tumbling down below $9,500 briefly on Monday. At the time of writing, BTC/USD has been trading above $10,000, back to the level we were last week.
But this might be just getting started as self-proclaimed whale whisperer and legendary Bitcoin trader AngeloBTC is back in the market with his bullish price predictions for four crypto assets.
Back in October was the last time the market heard from AngeloBTC when he called out for Bitcoin to drop to $6,000 levels. At that time, the world’s leading digital asset was trading around $8,400. And we went down below $6,500 level, first in November and then again in December.
Two months before that, in August, AngeloBTC also forecasted $8,000. During that time, BTC was trading above $12,000 and just months before in June, the digital asset had made its yearly high at $13,900. In late Sept. however, we did take a drop to $8,000.
Over 200% Jump for Bitcoin in 2020
AngeloBTC is a top trader on cryptocurrency derivatives exchange BitMEX that offers up to 100x margin trading, is now back with his new forecast for crypto assets.
His dose of hopium sees the flagship cryptocurrency making a new all-time high in 2020 as he calls out the “minimum take profits as we approach 2021,” for BTC at $30,000.
This figure would smash the top made during the 2017 last bull cycle at $20,000. This “minimum” $30,000 is a spike of 200% from the current price level.
Given that the market is already enjoying substantial greens in 2020, up nearly 37% on a year-to-date basis and the digital asset already breached the 200-day moving average, it makes sense that we would be taking out the previous ATH.
Moreover, Bitcoin also formed a technical pattern, golden cross, which is an extremely bullish long term bullish indicator.
Not to forget, PlanB’s stock-to-flow model puts Bitcoin’s value at above $100,000 before December 2021. And we have bitcoin reward halving coming up in less than three months.
Substantial Gains for XRP & XTZ, & some for ETH too
When it comes to the second-largest cryptocurrency, Ethereum, AngeloBTC has a rather mild expectation, actually, the least percentage of gains predicted is for Ether. With a minimum jump of 78%, he sees ETH at $500 in 2020. Currently, ETH is trading at $281, up 115% in 2020 so far.
However, the same is not the case for the third-largest cryptocurrency, XRP. The popular trader is expecting this digital asset to make the highest percentage of gains this year. XRP has also been one of the crypto assets that suffered the losses for the longest time.
Currently trading at $0.291, the trader sees the digital asset making it to $1 in 2020, a level last seen in February 2018 while making its way down from the Jan. 2018 ATH of $3.92.
Lastly, just like Bitcoin, another cryptocurrency is expected to make new highs. Tezos, which is already surging to new highs will continue this uptrend and as per AngeloBTC could go as high as $10.
The tenth-largest cryptocurrency is trading at $3.47, up 162% so far in 2020 because of the baking that has about 80% of XTZ supply locked up.