Bitcoin will hit $18 000 around the 1st of January 2018.
Why?
Because:
1. Wave 1 starts at $11600 on 24 December
2. Wave 2 Starts at $16470 on 27 December
3. Wave 3 Starts at $13522 on 28 December (today)
Extrapolating using Fibonacci retrace gives Wave 3 ending at about $18 000 around 1 Jan 2018. Depending on the market wave 5 may be truncated or take us to $19 000.
Data taken from Bitfinex.
Why?
Because:
1. Wave 1 starts at $11600 on 24 December
2. Wave 2 Starts at $16470 on 27 December
3. Wave 3 Starts at $13522 on 28 December (today)
Extrapolating using Fibonacci retrace gives Wave 3 ending at about $18 000 around 1 Jan 2018. Depending on the market wave 5 may be truncated or take us to $19 000.
Data taken from Bitfinex.