Having traded in the range of 10,400 to 13,000 from 18th Jan, it has been sideway for almost 2 weeks now. The falling wedge pattern is coming to an end and I would be very surprise if the ranging continue when the uptrend and downtrend line (yellow colour) had crossed.
If Bitcoin were to range within these boundaries after the yellow lines had crossed, I forecast that it wouldn't break above or below until the middle of February 2018. Then, I would say that this is a beginning of the fading of Bitcoin. Read more here.
Looking at the 4 hour chart of BTC/USDT in Binance, it is a clear pattern of falling wedge. Although it is a reversal pattern, but it doesn't guarantee a rebound into uptrend and if it breaks below, it would go hard and strong and we could test 8,000-8,800 in a hurry. However, at the moment, I don't see a macro event that could tank the coin, unless fresh news about the regulation of the coin.
It is a good time to buy now and setting stop loss at 10,400 while having the first target at 11,600, second target at 12,000 and third target at 12,800.
Do your own research and trade at your own risk.