5th Elliott Wave forecasting, based on Fibonacci numbers, could be calculated to the technical objective around the $820 area, where several theories point to the delayed next stage.
From there, a technical correction should send prices back to $700, giving stragglers a second chance to recalculate their strategies to join. After another lateral market like the current one, the next upward movement will go far beyond the $1200 zone for the end of 2016.
http://bitcoinist.net/technical-analysis-bull-stampede/
