I will like to know the reason why after bitcoin reached the maximum value this month it has been decreasing on a daily basis just at the time i wanted to invest the uptrend just changed suddenly. is there any hope of further increasing as some has speculated that it will reach $5000 by the end of this year?
Not sure if you will see it around $5000 at the end of the year, but I do believe that it's price will rise again in November.
Chinese hold a lot of coins, and are in panic right now because of the ban on ICOs and the announcement from the 3 major Chinese crypto exchanges saying that they will suspend activity in the 30th of September. The statements from JPMorgan, saying that BTC is a fraud didn't help of course.
I think this will be a great moment for BTC. Yes it's price is falling and it will probably continue to fall for a while, but as soon as Chinese exchanges get their licenses, and BTC gets more regulated, it will just gain a lot of strength and the rise will follow. In the meanwhile the market wont crash completely, because many will use this opportunity to buy some BTC at a cheap price. Also since the Chinese are selling, and someone else will start buying given this opportunity, the BTC will stop being so centralized in China, and will be less vulnerable to the common China FUD.