new prediction: resistance at $5.20 will be broken within a week (7 days from today). i provided targets in the "Rally!!!!" thread.
$5.2 was broken quicker than expected. And judging from the relatively few asks at $5.5 (~8k BTC at time of this posting), it may not be long before Mr. M pushes it over $5.5 too.
it was very expected that prices break 5.2 $ fast, which is what we shared in our newsletter Thursday night to subscribers.
I suppose you were right. A quick break of $5.2 was to be expected after breaking $5.1. Now I'm wondering, how long can it be expected to hang below $5.5 before either making the big upward break or reverting to the more comfortable channel ($4.5-$5)?
Since we're tooting our horns, on April 11 I highlighted the upward trend starting at $4.3
. Based on that trend, I'm guessing price will rest comfortably above $5, and form an ascending triangle toward $5.5 over the next 7-10 days before breaking out.