A bitcoin investor and podcast host has predicted that the price of bitcoin will increase to over $27,000 in four months time.
Trace Mayer, who proclaims to be an entrepreneur, investor, journalist, monetary scientist and ardent defender on his website, took to social media to make his prediction. According to him, by February 2018, bitcoin’s value will be worth $27,395.
Host of The Bitcoin Knowledge Podcast, Mayer is basing his prediction on a 200 day moving average. He’s assuming that by taking the 200 day moving average, in four months it will reach $5,767. At which point, he believes that each bitcoin will be worth over $27,000, increasing its relative price by 4.75 times.
Full story at http://bit.ly/2xOlmpa
Source: CryptoCoinsNews
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