Bitcoin (BTC) just lost a lot of reputation by giving in to the scare of the Black Swan called Corona. If Bitcoin was ever to be a safe haven in crisis this would have been the moment to proof it. That and all well wishers and fortune teller analyst can pack their bags. This story is no longer believeable. The only thing that would bring that narrative back is if Bitcoin were to recover now and keep true to the so well statistically predicted path to 20k and 100k. On the chart BTC is clearly trapped in the longterm downward trend channel. My scenario 3 was nixed by the black swan and now it seem likely that scenario 5 will occur and that is a retest of the $3.000 range. If Bitcoin can show strength it will bounce back from the $6.000 support and close the week above and stay in scenario 4 and recover to break the downward channel. With the global panic in effect it seems highly unlikely. But as we say in German. Hope dies last.
The black swan doesn't matter for bitcoin particularly. It had to break the longterm trendline from 2015 because no one thought it would break. Now we will have real capitulation.