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

majidawan (51) in bitcoin • 7 years ago

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

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.

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7 years ago by majidawan (51)

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minnowpond (62) · 7 years ago

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colivingclub (36) · 7 years ago

Despite the fact that Bitcoin is growing like mushrooms after rain, 27k is unreal to reach in a couple of months. Even 10k mark is a myth at this point. Especially with the incoming November hard fork. Some analysts state that this hard fork will not influence Bitcoin much, but still we'll witness slowness in its growth.

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