Bitcoin (BTC/USD) Possible Target of bitcoin $ 13000? Following the Bullish Channel

Today I bring you this analysis, according to waves of elliot, wondering at what price could Bitcoin come following the bullish channel that until now has respected.

As we will see in the graph, the price of Bitcoin has been maintained for months by a bullish channel which at some point will stop producing a strong correction. But until it occurs, we can follow a price through this bullish channel.

Let's see

The analysis of the targets of the bullish waves was used a cycle of 5 waves of elliot

For this analysis I made assumptions to make it valid

• The price of Bitcoin will continue to fluctuate through the bullish channel.
• The resistance lines will coincide with the end of the elliot waves.

As we see in the graph, the first 4 waves of the major impulse would already be formed. Starimas starting the 5th wave.
And we would be in the 2 waves of a cycle less than 5 waves of elliot

At the end of wave 5 the price of Bitcoin could reach $ 13,000 dollars

What you think? Will the price of Bitcoin continue to rise through the bullish channel?

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Protect your assets use Stop loss

The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.

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