Trace Mayer: in 2018, Bitcoin will cost $ 115,000

Expert Bitcoin lawyer Trace Mayer suggested that the price of the first cryptocurrency could reach $ 115,000 in 2018 after the correction phase ends. However, he stresses that such a figure of $ 115,000 - despite the theoretical possibility based on previous cycles, will be "much overstated". Now Bitcoin is recovering after the fall, the largest since 2013.

Mayer's prediction is based on the extrapolation of market models in 2011 - 2017 to the current situation. He revealed regularities and suggested that similar results should be expected in 2018.

Therefore, according to his calculations, by December 2018 the price of Bitcoin should reach $ 115,000. Notably, in October 2017, based on this method, Meyer predicted the price of Bitcoin in February - about $ 27,395. However, according to a new forecast, Bitcoin will cost between $ 9,500 and $ 14,340.

Before the fall of this week, Fundstrat investor Tom Lee suggested a return to $ 20,000 in 2018, and if this happens in June, it could lead to a transition to new record highs.