BTC Price Moving in the Predicted Direction

Below was the last prediction done in the previous article

Next predictions : Bitcoin might now try to breach the 5900 in the next ten days and might again fall back to 5400 before moving ahead. It might take another cycle before BTC price tries to breach the crucial 6400 path. Link to the Analysis

Now the line that was drawn on 29th April where the prediction was said that BTC movement will probably reach around the range of 5900 seems to be inline with the prediction. So far there has not been a big breakout of the prices, there might be another dull day before the price of BTC makes a considerable movement to the target. This analysis is based on the previous cycles which have normally taken the same amount of time.

So let's see how the price follows the prediction, the prediction will be invalidated if the price drops considerably below the marked upward line.

Please note that the trade calls are the authors opinions based on technical analysis and hence readers are requested to do their own in depth study before investing.