Investor Trace Mayer Predicts Bitcoin Price To Rise To $27,395
Trace Mayer tweeted that she believes the price of Bitcoin is undervalued as it is now.. He wrote that he expected the price per Bitcoin to be $27,395 just four months later, in February.. He cited Bitcoin’s regular increase chart in 200 days as the basis for this prediction.. According to this chart, Mayer assumes Bitcoin will reach $5,767 by February. However, this assumption was realized without waiting for February.. While this is the case, he argues that $27,395 is a fairly “fair” price value for Bitcoin, considering 4.75 times the moving average.