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The Daily Hodl
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Bitcoin (BTC) Price Prediction From Mysterious Cryptocurrency ‘Whale Whisperer’ Goes Viral

by Daily Hodl Staff
May 22, 2020
in Trading
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A self-declared cryptocurrency whale whisperer known for being a top trader on BitMEX is bullish on Bitcoin’s trajectory over the next five months.

In a new viral tweet, AngeloBTC tells his 150,000 followers on Twitter that BTC is coiling in a triangle that will lead to an eventual breakout and surge to $16,000 by October.

"$16k by October. The charts never lie." $BTC pic.twitter.com/fu9a8prU7T

— Angelo?TC (@AngeloBTC) May 21, 2020

Last month, Angelo compared Bitcoin’s current path to the early days of its epic run to $20,000 back in 2017. This time around, he believes BTC is en route to $30,000 in 2021.

“Crazy how they had to tank the stock market to shake people out before the halving. Crazy how we are still going to $30k.”

BTC is currently battling psychological resistance at the $9,000 level. At time of publishing, Bitcoin is down 4.50% in the last 24 hours at $9,072, according to CoinMarketCap. That’s an 8.39% drop from a recent high of $9,903 set on May 17th.

In the short term, analyst and trader Michaël van de Poppe says BTC is at risk of a further drop to low $8,000 levels.

“Testing the support level here (might wick to $9,100), after breaking below the rising wedge structure. Holding here and we can test the range highs again.

If Bitcoin can’t, I’m assuming the $8,200-8,500 level to be tested as support next.”

Source: Michaël van de Poppe/Twitter
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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