Interesting market at the moment it is certainly trading in a channel with the bears and bulls being a bit stuck at the moment, as we have had a massive correction I would be surprised to see it fall much further with a price breakout looking highly likely this month as the bottom has not come close to being retested, with the fundamentals still being strong with the dip being explained by the recent mtgox sell off.

https://cointelegraph.com/news/bitcoin-price-hit-2018-lows-because-of-400-mln-mtgox-sell-off-reports