Bitcoin Forum

https://www.cryptocoinsnews.com/investor-predicts-bitcoin-price-to-hit-27k-in-four-months/

Based largely on the 200 day moving average.

I've known Trace Mayer for years, he has been recommending Bitcoin publicly since it was very cheap, he is one of the original whales and really, really, really rich. He is pretty solid in his reasoning too, even tho sometimes I've seen him pumping some shitcoins most likely for a laugh, he is a solid bitcoiner.

His prediction is possible, consider that Ledger X could make the price explode, and in 4 months the 2x drama should have been solved too.

Trace Mayer is indeed a pretty interesting character. His tweets are pretty well thought out and give me a good laugh most of the time.

I think his approximation here is a little too steep. Yes, Bitcoin has the chance to blast off, but I don't think it'll reach 27k in a matter of a couple of months. Even that is too fast for Bitcoin growth. Perhaps this value may come in the next few years instead.

Interesting figure, I just followed him on twitter. I think this tweet in particular is somewhere inbetween humor and reality. 27k in no less than 4 weeks is a little bit exaggerated, even for the bitcoin bull. But looking towards the future it's seems more and more probable that we will hit that kind of price somewhere in the future.

What makes you think LedgerX will explode bitcoin's price? I've heard the term a couple times now and you've tickled my curiosity a little bit, I'm probably going to dig a little on this topic but I would like to hear your insight as well.

This would be amazing although given the timeframe I highly doubt it (but would be ecstatic to be proven wrong). Generally speaking moving averages may be a decent indicator but with not sure how that would be applied to BTC considering how it's not like any stock or share I've seen before.

It's the second highly bullish article I'm reading. It seems all our news outlets are trying to exploit the greed and lure more people in. :D
I'm joking, it's going to go up anyway, but I don't believe it's going to be that fast. Positivity is great, but let's be real. To make the price go up by over $20k in just 4 months would be a dream come true for us all. It's too good to be true.

Yes, that's how you predict the stock market ... lol

Four months? Color me surprised if this actually happens; a lot of investors / traders are going to grab the oppertunity to get out with lots of profits long before we've reached $27K. I presume its going to take at least a few years to reach this value. But then again, Trace Mayer is probably way more into the cryptomarket than I am!

I do notice a lot of people investing agressively into Bitcoin with sometimes their entire savings, caused by recent exposure of BTC in the media and rumours about "free money".

I am reluctant to believe in technical indicators as the main factor when predicting Bitcoin's price.
It is pure hit or miss - technical indicators shouldn't be treated as definitive proof that bitcoin will/won't be worth $X amount of money.
Indicators may comfort you, but in reality, they are doing you more harm than good. This prediction that BTC in February will hit $27k is too good to be true IMO.

Every day some body is predicting the future price, all they have to give us is predicting, where is the real party with some girls to jump on? lol. where do they get so much money to invest on Bitcoin? it's not a joke to see people investing billions literally every single day, there is no holiday for them.
I'm not a millionaire why? I've invested on a lot of shit coins for years. -BTC&Ξ I bought any other cryptocurrencies but still a homeless beggar, begging for translations in every new thread. if price hits $27K in four months then I'd just need 4 Bitcoins to buy a house and live on my own?
*Putting my beggar hat on*
Totally inspired by Lauda. fast lol and rofl.

Considering his prediction in 4 months, I highly doubt myself that its gonna be happened, though just like you I will be very much happy to this come into fruition  ;D But where does all the money will come if bitcoin will push to this level? That's the main reason why I don't think that it could be achieved in short span of time. Or maybe he's just put all his millions to the market? Maybe 10K is a decent prediction, but 27K is too much for the current market. I will try to follow him on twitter and see what other predictions he has given to bitcoin and look if indeed it has been hit or what. He looks like another Johm McAfee with all of his bold prediction and seem very bullish.

Seriously? $27,000 per bitcoins in just four months? I highly doubt this, they are just basing their speculation on the moving averages. This will likely not be the case, as prices are just moving based on supply and demand, right now there is likely people pumping the price due to the possible event of segwitx2 by november. This will likely drop prices again before that time, so those people that are pumping it will dump their bitcoins for fiat and buy back when the FUD happens with segwitx2. Now they are richer by double by that time.

Well, when he predicted $3000 back in then before the halving, a lot of people were saying how he has insane and delusional.

Sure, $27k sounds nuts, but it's not out of the realm of possibility, it's just a prediction based on past performance, he didn't say it would happen, it's just a calculation based on past tops and 200 moving averages, and according to his calculations, it wouldn't even be the most extreme approximation, it would be even higher if you take the more aggressive approach (very overvalued):

https://pbs.twimg.com/media/DLrDP5zVoAAiNFk.jpg:large

Price of the bitcoin has jump from around $650 to around $5.7k this year and there a couple month left. So I thought $27k are make sense for next year. But I dont think bitcoin will reach that price with just four month. Well, we dont know what would happen next, but I know that bitcoin always prove its power, and we always underestimate bitcoin. Of course everyone are glad to see thats truly happening. But don't forget, It is just a speculation.

in 4 months seems like a bit too soon for such an increase. The most I see it at is 10k in 4 months. no more than that

The $27K is possible but i doubt that this will going to happen by next year. Considering some of new players of bitcoin and some are not a holder that i believed most of them will not afford the highest value for now in which it is very expensive to purchase how much more if it will reach $10,000 which is  the most speculated value for next year. Some of them will shift to altcoins which is the cheapest then just trade it bitcoin if they earned so the point is $27,000 is very difficult to happen in just 4 months.

It absolutely could happen. But if it did, it would be near the top of a bubble and it would probably be wise to cash out a large portion and look to buy back at a lower price.

I dont think the price of hitcoin reach 27k dollars after four months. Because even the price of bitcoin continue to increase its very hard to reach that. Because we need to reacg 10k dollars befire they reach that. Yes possible bitcoin price reach that after few years maybe after 10 years or 1 decades . But everything is possible to happen maybe it will increase the price or maybe it will decrease.

Yes, I agree l. It's too good to be true. And I know that all "too good to be true" ideas are simply not true at all. I am a solid bitcoiner too. I have high hopes that bitcoin is unstoppable, that bitcoin will continue to rise and that bitcoin is my way to financial freedom. But given the timeframe of 4 months, I don't think.it will happen . I say in 1-2 years time perhaps it will come true.

That's exciting analysis. And it's certainly possible to see that kind of growth. We've seen 5x growth this year, so if next year starts at $5000 we could see $25000 growth.

The reality is that all the talk is just speculation until it happens. There are so many variables that can be modeled but not predicted, and therefore there's a lot more explanation to refute this investor's hunch than to support it.

I like moving averages as an indicator of the overvalue or undervalue of a traded asset today. But I don't like them for future price movement predictions. Moving averages are deceiving because until price direction changes the trend looks more aggressive (to the upside or the downside) than is actually likely to occur.

Lol, it's fun to see all kind of analysis, predictions. The truth is No one knows!!!. Could go to the moon could go to zero. So always invest what you can afford to lose.

https://www.youtube.com/watch?v=8Yc4K5X8bMQ (https://www.youtube.com/watch?v=8Yc4K5X8bMQ)

This is a recent interview with him. At the end of it, around 46:00min they are talking about this tweet and he explains the math behind it.
He is not saying this is happening, but due to past price performance it's not impossible.
Where I absolutely agree with is, when LedgerX launches it's platform, things gonna be very interesting.Exciting times ahead!
And let's not for get China. This week the KP congress start's and I'm sure after that event, we will get some clarity how the chinese are going to handle crypto currencies, Bitcoin and their mining operations in the future. I don't think they will ban it. That might lead to another boost for the price as well.

Yes the prediction mentioned does look too over. I see the chance of raising the bitcoin price will not reach that way. bitcoin is different from the existing one, but in mathematics bitcoin is like a currency. so I think the bitcoin price increase would normally reach up to $ 10,000, but for the price of up to 27K for 4 months I think it's like just a speculation and beyond the limits of bitcoin power.

it's just their thinking because they are investing their bitcoins into mining and other sites, but I think if reaching $ 27k takes 2 - 3 years not in a few months.

That prediction is bullshit. Bitcoin hitting $27k in just four months is way too insane, I think it is impossible since it is too early to reach the said price. Even if it were to happen, huge price increase in just for months will certainly affect bitcoin if it really came to pass. The current users of bitcoin would surely see another massive dump just from the price of bitcoin atm and because of this reason, it is just unthinkable for bitcoin to even reach $27000 in just the span of four months.

27k in 4 months is probably a stretch too far, although bitcoin has surprised many of us before so you can't ever rule anything out. Realistically though I think the highest bitcoin will reach in the next 4 months is 10k.

But look at the spreadsheet that I posted above. $27,000 is conservative. For the technical analysis delivered by that data to be extreme it would be around $40,000.

So who knows, if past performance is of any guidance, $27,000 would not be crazy.

Consider that if we survive segwit2x and remain in the legacy chain with Core, there will be no more FUD so it's only up from then. November is the key moment. After that we will see accelerated growth given that Barry Shillbert and co don't kill BTC.

Jamie Dimon piece of shit told that bitcoin is a bubble and will blow up. Was it true? No.
Off late investors have been predicting on what is bitcoin and what will the price be in the future but I don't think the opinions of these investors matter after what JP Morgan Chase CEO said, and let those investors play in stock, we have enough experience here to handle our money in cryptos and predict what will happen.

Expect the unexpected in btc that's what we know but was it 27k too much for only four months. Eventhough let's say the prediction came from a pro or well known person, we still can't assure that it will going to happen just because they said it.

Thousands are entering the market and bitcoin is being mined around the world, it is hard to tell. There have been massive sell-offs  and there's more irrational exuberance than knowledge ruling that market so I see no chance to hit that $27k within four months. Though bitcoin is  bubbling today but that is impossible to hit that price. That's too much higher to believe.

Never fall to hype traps like 27k in 4 month. Bitcoin has potential to make another big uptrend for next year. But noone can predict exact numbers with simply checking past market trends.Let's be realistic and hold our coins no matter how long time we will wait.

I think 27k $ is quite massive gain!
I don't know if at current satego of BTC we are ready for that price.
fees vs utility. LN is too far way ,
anyway if BIG players will decide go into BTC it will land as 20k$ + per coin.

I won't say the value he has stated isn't a bit too much, after all, it is just a prediction and no one knows what can really happen in future.

However, if someone had predicted very late last year or early this year that the value of bitcoin would be up to $5800, I am very sure a whole lot of people would have said impossible. Mine is just for us to keep looking at how things turn out and see how we can make the best use of it when that situation becomes a reality.

This is what people don't seem to understand. With the coming launch of LedgerX big money is making it's first into this new space!
And in the interview I linked some posts above this one, Trace explained that with a price 27k this wouldn't even exceed 3rd standard deviation.
He just wanted to show that such a value due to past price performace and data is not impossible or even close to a peak being called (overvalued), however not much likely.

This is one whale I have always looked forward to. Although, in as much as that value seems too huge to believe, there must have been some things that could spark that speculation and I would not take that for a ride. We are getting to a point in time that attack on bitcoin would only end up like small drop of water in an ocean and would mean nothing, and gradually we will just keep seeing some huge increase, although that is still pretty a huge one in 4 months.