Doom or BoomBitcoin / U.S. dollarBITSTAMP:BTCUSDDAtraderTVI haven't looked at the logarithmic chart in a while on a monthly chart, and I said to myself, ehhh why not give it a go. And OMG the find was huge, this chart has more to it, and I'm going to share it in the comments with more takes. 1. RSI But as you can see in the chart there are multi years, over a decade of bearish RSI divergence build up. 2. Support and resistance, 200W SMA There is a massive support line, the very thick green one, that has been violated for the first time in 13 years of PA. One can not just simply ignore that. But at the same time, there is a red line from 8 years ago that just got tested at $60k and price bounced from it. Also the Weekly 200 SMA intersected with the red line, and historically stood as support for many years. I have two scenarios in mind: 1. BTC forms a new ATH very soon with the green line now as resistance. 2. BTC dumps further from here, violating the red support line also and goes as low as $40k-$50k, in a very apocaliptic scenario dare I say in the $30k region... More in the comments section