Looking at the chart we can see an ascending triangle. It's started at the beginning of the year. There are more lines in comparison to the classical triangle pattern. The bottom line is around 6000. I would say it's fair price of bitcoin. This is what market tells us whole 2018. The decreasing volumes show there are almost no sellers on the market. Everyone who wanted to sell has already done it.
What's next? The tech analysis says there going to be strong movement after the exit of the triangle. I think there won't be. First of all triangle patterns show fewer lines than we already have. We could continue flat in relatively narrow borders. 6K - 8K. Because it is reflecting the fair price. In future we will go up, but not so fast as it was at the end of 2017. We need new buyers with significant amount of money for this. Without structural changes it's impossible. However, there are still not satisfied expectations from the industry. ICO projects should present something to the world to prove x100 which they made.
What's next? The tech analysis says there going to be strong movement after the exit of the triangle. I think there won't be. First of all triangle patterns show fewer lines than we already have. We could continue flat in relatively narrow borders. 6K - 8K. Because it is reflecting the fair price. In future we will go up, but not so fast as it was at the end of 2017. We need new buyers with significant amount of money for this. Without structural changes it's impossible. However, there are still not satisfied expectations from the industry. ICO projects should present something to the world to prove x100 which they made.