With recent surge in Bitcoin above $5000, those prophets and prophetesses has come again to predict. All there predictions in late 2017 and early 2018 that Bitcoin will not rest and gasp for breading until it reaches $80,000 per Bitcoin failed to hold any ground. They have lead millions that are following there channels bankrupt in which they are yet to recover. That is why it is good to always do your own research and follow it strictly, even-though it failed, you will be more satisfied than shifting blames to someone that is directing your decision financially. I have found out that majority most times are always wrong.
Why all these stories, they are silent for over a year and suddenly re-appeared about a week ago. Now, there prophesy is that Bitcoin will re-traced to $4200 before we experience any tangible moves, telling there followers to place a pending order around that range. Personally, I don't agreed with them but have an opinion that they will join to buy in $6300 - $6700 range. Technically, on which side would the shift goes based on your justification.
In my case I respect the predictions and those who make them, but in my way of seeing the trading I do not believe anything, because I do not even believe in the prophets that predict so many things in the world, much less believe in the predictions they can make in the speculative market and Crypto.
Normally, I base my analysis on not taking into account predictions but looking for the reaction to the market, because I have realized that operating under reaction is much safer, because predicting it would be turning into Gambling.
There are many predictions that have made important characters, but it is not difficult to predict that at some time bitcoin will rise and probably much more than $ 20k since the information given by the market is that, if we analyze it from a speculative point of view supported under the philosophy of Wyckoff.