Bitcoin prediction 2018

In recent months Bitcoin has become popular as a new investment method for its great increase in value that in May reached $ 1700 and today its value reached $ 4600, Bitcoin traders predict to reach $ 5,000 at the end this week. Because of the volatility of this asset we can make short and medium term investments to benefit from its upward trend, but how long will this continue? Can the Bitcoin continue to trade upwards indefinitely?

Possibly at a point have to make a rectification of its value that will be the key point to open investment positions in the medium term. In this analysis of the price of Bitcoin, we can see the Elliot Waves where the price will touch the Wave 3 with a value of $ 5000 to then make a rectification of Fibonacci throughout the month of September until the price touches the support of $ 4000 , this will be the time to open the investment positions. The price will grow throughout the month of October and November until the price reaches the peak of its upward trend and touch the Wave 5 in mid-December with a value of $ 6000 where we can close our positions and make a good profit. According to Elliot’s theory from Wave 5 begins the downtrend that can make a rectification of Fibonacci levels to 0.38% with a value of $ 3430.