A closely followed crypto trader just emerged from the shadows to reveal his Bitcoin, Ethereum, XRP and Tezos price targets for 2020.
AngeloBTC, a self-proclaimed whale whisperer known for being a top trader on BitMEX, was last heard from in October of 2019. At the time, he accurately predicted BTC would dive down to the $6,000 range.
Now, after a long hiatus, the trader says he believes Bitcoin is back with a vengeance, and says his minimum take-profit zone for BTC this year is $30,000.
Angelo expects Bitcoin’s meteoric price rise to ripple out to the altcoin market. He’s looking for Ethereum (ETH) to hit $500, XRP to hit $1 and Tezos (XTZ) to hit $10.
Good luck, have fun.
— Angelo?TC (@AngeloBTC) February 18, 2020
The trader isn’t revealing his methodology, but his BTC target is in line with a long-term prediction he made in March of last year.
In the end, Angelo warns fellow investors that he believes Bitcoin will either be massively successful or a total failure.
“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.
It’s really that easy. If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.”
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