Many voices, much fear. I my view Bitcoin is testing the logarithmic support level at ~$7.850. If it holds this week I will continue in my scenario 3 and we shall see the upward trend picking up and the bulls keeping their control. If it fails then we will likely see the retest of the $6.000 level for support and stay in the overall current downward trend channel (scenario 4). Bitcoin and the crypto market has now the opportunity to shine and proof to be a possible safe haven. The world economy will tumble and we will see further decline in the financial markets up to the 50% correction. [Please note I am showing the log. chart in this idea]