Momentum has brought us to the lower level of the price rectangle aka the fun zone where this will determine what the rest of 2018 will look like. There are multiple scenarios that may happen:
1 BTC can not maintain its momentum and volume decreases which will continue the current bear trend,
2 BTC accumulates and build up pressure
3 BTC accumulate for a few weeks and "springs above the 12K marker (top of the rectangle) and possible next level of 15-16K
I personal think BTC will break through the zone but find great resistance at 15-16K
1 BTC can not maintain its momentum and volume decreases which will continue the current bear trend,
2 BTC accumulates and build up pressure
3 BTC accumulate for a few weeks and "springs above the 12K marker (top of the rectangle) and possible next level of 15-16K
I personal think BTC will break through the zone but find great resistance at 15-16K