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hkmh
May 16, 2017 2:52 PM

Bitcoin >5000 USD at the end of the year 

Bitcoin / U.S. dollarBitstamp

Description

See chart..
The price might go to 8000USD
Comments
hkmh
after 5000 is reached I expect a correction to 2500$.

Based on the chart, which seems to be correct since it is published, I don't expect a major correction (<=50%) before 5000$ is reached
hkmh
So we we have reached Fibo extention 1.. TOday

Next TargeFibo retracement 1.61 at 3000 $
hkmh
Nearly half the way made..exactly following the blue line from 1700$
davevandewalle
I think that's awfully aggressive. But I wouldn't complain if it happened.

I'm long BTC, but guessing 5000 sometime in early 2018 is a more realistic possibility.
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