Ultra-rich Investor Trace Mayer twittered that he predicts Bitcoin price to reach $27,395 in February.
https://twitter.com/TraceMayer/status/917260836070154240/photo/1
- TraceMayer
His prediction is based on the 200 day moving average, according to his calculation it will reach $5,767 by February - with a per-coin value of 4.75 time the MA, or $27,395.
Trace Mayer already recommended to purchase Bitcoin when it was just $0.25.
On his website he describes himself as:
“An entrepreneur, investor, journalist, monetary scientist and ardent defender of the freedom of speech. Trace Mayer holds degrees in accounting and law. He studied Austrian economics focusing on Murray Rothbard and Ludwig von Mises.”
Where do you guys see the price of Bitcoin in the near future? Let me know and comment down below.
Learn about the useful charting tool called Moving Average: http://www.investopedia.com/articles/active-trading/052014/how-use-moving-average-buy-stocks.asp?lgl=rira-baseline