Investor Predicts Bitcoin Price to Hit $27k in Four Months

[StockBet.com]

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

Based largely on the 200 day moving average.

[BillyBobZorton]

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.

[player514]

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.

[J. Cooper]

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.

[AT101ET]

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.

[pixie85]

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.
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.

[mike4001]

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

Based largely on the 200 day moving average.

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

[MissionPhailed]

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".

[maku]

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

Based largely on the 200 day moving average.

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.

[digaran]

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.

[btc_angela]

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.

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  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.

[Gotottack]

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.

[BillyBobZorton]

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.

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):

[zarados]

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.

[rickie247]

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

[MiF]

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

Based largely on the 200 day moving average.

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.

[rogerwilco]

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.

[Question123]

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.

[Chachacoin17]

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.
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, 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.

[HabBear]

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.