Breakout or breakdown will occur between the 5th and 15th October. Trade carefully before there is a clear signal which side will be in play.
Looking at the indicators I see a higher chance of a breakout.
Take a special look on 10/10(/18) ;)
BTC should be at the last stage of an ABC Elliot Correction Wave Pattern. MACD is about to cross bullish and the RSI has plenty of room to grow. After the completion of the correction it should rally to 0.618.
Looks like BTC was not able to pass the major resistance @11.8k and is now forming a harmonic pattern. Also have a look at the MACD.
Target of 6k might be acquired in a week.
Take a look at the next movements and trade carefully.