Doing a prediction of the price of Bitcoin is one of the toughest Job of this universe! If any prediction comes true, that's just a fluke in fact! Technical analysis is more effective in the case of Fiat trading pairs (say Forex), unfortunately not that much effective in the case of Cryptos! It's because, this market is totally immature yet! There are a lot of kiddies, manipulators, hackers etc etc who are controlling the value of this market. Technical analysis will be much more effective when we will reach to a mature market where there will be no FUD! This technology is here to stay & gonna rule this world in a near or far future! Long term investors are gonna be the winners, short term investors are gonna be the looser!