The crypto markets are mixed on Monday. Right now, Bitcoin is down 0.18% at $3,874. Ethereum is down 1.56% at $132.51, and XRP is up 1.33% at $0.3106.
Tanya Abrosimova at FXStreet says Bitcoin bulls are facing a tough battle in the fight to break through $4K.
“We have a bunch of strong technical levels right above the current price and up until $3,950 handle. The resistance zone is going to be a hard nut to crack for Bitcoin bulls.”
Meanwhile, a new long-term prediction from self-proclaimed crypto whale whisperer AngeloBTC is captivating crypto Twitter.
The analyst told his 117,000 followers that Bitcoin is on a course toward $30,000 by 2021, saying he refuses to sell and “let the bankers steal my Bitcoin.”
The prediction marks a long-awaited return for the analyst whose last tweet was in November of last year. Despite his optimism, AngeloBTC warns that crypto trading is as risky as it gets, and says investments will either go to the moon or hit zero.
“Cryptocurrency as an asset class is minuscule – a drop in the bucket. A $1T+ market cap would still be undervalued for crypto to have any meaningful impact as a store of value/currency. The end goal for Bitcoin as an investment is a binary outcome. It goes to 0 or you 10x your investment. There is no in-between.”
Binance CEO Changpeng Zhao is also taking the long view on crypto, calling for the eventual tokenization of just about everything.