Upside scenario was invalidated. This suggests Bitcoin has put the final top for the parabolic trend at 20k. Increasing downwards momentum and repeated breaking of support is an indication for a selling climax ahead down to 5-6k followed by a dead-cat bounce and a further almost 100% correction of the uptrend since 2015.
Comment:
this chart is just for illustrative purposes to show what most skeptics expect is going to happen to bitcoin.