Decided to look at the overall trendlines
for the entirety of BTC
on the weekly log chart and it is very very encouraging. Although it is in a giant rising wedge
which will eventually break down (most likely once the bubble finally bursts) The good news is we could climb to almost 1 million per bitcoin
by 2023 before that happens....of course it could break down sooner than that like many rising wedges
tend to do but if it holds out until the apex the dip it would fall to would be from 900k all the way down to the 6,000s which is where we are currently in price action. Also, this strong bottom support line which has held consistent since 2012 is fastly
approaching our current price action which means we should soon go up from here and not have to worry about dipping down under the current level after December. Of course this is all my opinion not financial advice I could be wrong and the strong line of support could eventually be broken although an extremely low probability. We should also get back to our all time high range by no later than the end of 2019(possibly sooner) and continue to only go up exponentially from there if the support line holds true which the past has shown us time and time again it will.