Bitcoin is in a tricky spot.
On the linear timescale, combined with the stoch RSI indicator we could imagine a Bear Flag forming with huge downward potential.
But if we examine the same chart closely on the logarithmic time scale, we can see that reaching the top of the stochastic RSI does not have to mean we have reached a top in price.
And when price slowly creeps up, FOMO can jump in and price can suddenly shoot through the roof if the whales should decide it would be fun to pump the price through the resistance.
I jumped out of my positions and am going to watch this story develop from the sidelines.
Seems too much like a pure coin flip gambling to me atm.