These are the options for BTC in mid-term:
1. we continue the range movement till early 2019 and hit the rising orange trend line, and then BTC turns bullish again
2.we break down of the bearish triangle. in this case, either BTC falls to 4500 to 5000$ and again, touch the rising orange trendline and become bullish again(which is called a failed breakout of the triangle) or we break this trend line so the next target would be lower band of the rising channel line in about 2000-2500$
3. BTC breaks out of this triangle from upwards before we touch anything so the first target would be 12000
so right now nobody actually has a clue of what is to come, best thing to do is to wait to see further price action.
1. we continue the range movement till early 2019 and hit the rising orange trend line, and then BTC turns bullish again
2.we break down of the bearish triangle. in this case, either BTC falls to 4500 to 5000$ and again, touch the rising orange trendline and become bullish again(which is called a failed breakout of the triangle) or we break this trend line so the next target would be lower band of the rising channel line in about 2000-2500$
3. BTC breaks out of this triangle from upwards before we touch anything so the first target would be 12000
so right now nobody actually has a clue of what is to come, best thing to do is to wait to see further price action.