Crypto Analyst Wakes From Slumber, Calls For Bitcoin (BTC) At $30,000 By 2021

Bitcoin At $30,000 By 2021, Proclaims Prolific Analyst

Thats right, AngeloBTC is back, or at least for the time being. For those who havent frequented the leaderboards of BitMEX and/or Crypto Twitter, Angelo is widely regarded as a respected Bitcoin trader, who skyrocketed to virality after scoring thousands of BTC then worth dozens of millions amid the bull run of 2017.

While he was somewhat active during that auspicious time, since the cryptocurrency bear market has taken hold, he quieted down, posting six tweets in the second half of 2018. The most recent was posted on November 27th, when he jokingly made a petition in a bid to make market dips illegal.

But, earlier today, the diehard optimist took to Twitter, revealing his most recent Bitcoin chart, which was, lets say, a tad scant on the details. But, it was his first tweet in over 100 days ( so how bout that).

In the simple TradingView chart, which has garnered monumental levels of traction on social media channels 2,000 likes on Twitter namely he explained that as it stands, cryptocurrencies at large are minuscule, a drop in the bucket. Thus, he noted that a $1 trillion market capitalization would even still be undervalued for BTC and digital assets as a whole to have any meaningfulimpactas a store of value/currency.

And with that, he gave an ultimatum, which he called a binary outcome. Angelo noted that Bitcoin either fully succeeds, a moves at least times higher from here, or fails miserably, falling to $0 in a flash in a pan-esque way.

Through the chart, he depicts the leading cryptocurrency reaching $30,000 by 2021 50% higher than Bitcoins all-time high and in a 34-month window.

In response to his tweet, notable cryptocurrency analysts and industry commentators paid their respects, so to speak. Crypto Cobain claimed that the king has returned, while The Crypto Monk expressed a similar sentiment. Others, who imbued their comments with a hint of creative license, noted that this could single-handedly catalyze a bull run.

Interestingly, his call matches with one made by Cane Island Crypto, the creator of the Network Value to Transactions (NVT) indicator. Per previous reports from Ethereum World News, the Texas-based investor explained that when BTC isnt manipulated by jack leg exchanges, it remains in an impeccable parabolic trend. Giving his point further credence, he posted a chart, which showed that since BTC started trading at sub-$1, it has held a consistent uptrend, save for a few nuances here and there that came after a significant drawdown.

Extending the trend, the Texas-based analyst determined that if Bitcoins implied price for 2019s end will be $7,800, 2020s end will be $15,426, and so on and so forth. The Cane Island investment manager noted that if Bitcoin continues to hold this line, by the end of 2022, BTC will be valued at $52,321 and just under double that just 12 months later.


Title Image Courtesy of Andre Francois Mckenzie Via Unsplash

The post Crypto Analyst Wakes From Slumber, Calls For Bitcoin (BTC) At $30,000 By 2021 appeared first on Ethereum World News.

09.03.2019 / 11:10 45
Crypto Analyst Points To $1,700  $3,000 As Bitcoin (BTC) Accumulation Zone Crypto Analyst Points To $1,700
$1,700 Bitcoin (BTC) Incoming? Amid this extended bear season, dubbed a crypto (nuclear) winter by most, one analyst has quickly risen to
Analyst: Upcoming Litecoin Halving Could Ultimately Send LTC Surging Analyst: Upcoming Litecoin Halving
As the cryptocurrency markets continue to be battered by frequent bouts of volatility and face growing downwards pressure from bears, investors are
Bitcoin: If History Repeats Itself, BTC May Not Reach Previous All-Time-Highs Until 2021 Bitcoin: If History Repeats Itself, BTC
As the Bitcoin bear market that first began when BTC reached nearly $20,000 in late-2017 persists into 2019, investors are keen to know when the
Bitcoin (BTC) Falls 5% Amid Sudden Crypto Market Meltdown Bitcoin (BTC) Falls 5% Amid Sudden
Market Drops Drastically In 2019 First On Wednesday night, The Crypto Dog, a leading Bitcoin analyst, took to his Twitter page, which sports over
Bitcoin Investors Still Bullish: Data Indicates Almost 80% Remain Long on BTC Bitcoin Investors Still Bullish: Data
According to data from DailyFX, almost four out of five Bitcoin (BTC) investors remain long on the number one digital asset by market capitalisation.
Bitcoin May Have Just Experienced its Final Shakeout Before a Big Rally Bitcoin May Have Just Experienced its
On October 15, the price of Bitcoin dropped to $6,150, dangerously moving closer to its $6,000 support level which it has well maintained since early
Comments (0)
Add a comment
Comment on