Trace Mayer: Bitcoin May Hit ‘Significantly Overvalued’ $115k in 2018

Bitcoin Knowledge host and notorious advocate Trace Meyer has suggested Bitcoin could hit $115,000 in 2018 after its correction ends.

Wall Street Money Mountain ‘Lining Up’

The latest in a cluster of buoyant forecasts for the Bitcoin price to surface in recent weeks, Meyer tipped fellow analyst Tone Vays for suggestions on what to expect over the next eleven-and-a-half months.

$115,000, despite being a theoretical possibility based on previous behavioral cycles, would be “very overvalued,” Mayer adds.

“Current (Bitcoin) run very similar to Jan-Mar 2013 run ($7->$266->$90; $700-$20k->$9k) with backlogged new accounts, etc. then Silk Road catalyst (salable supply shock) for $100->$1,200. Mountain of (Wall Street) money lining up,” he wrote in accompanying comments…

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