$BTC I don't need to explain anything here, this chart speaks the volume but still many thinks we are going lower cus that is what "13 year cycle" has taught us. However, the 13 year cyclers conveniently ignores the 13 year trendline. So I asked grok what he thinks of the chart without giving any hint... and this is what he think and Grok thinks exactly like I do about this cycle.
Here is What Grok has to say about the chart.
Based on the chart you shared (weekly BTC/USD from BitBoy007 on TradingView, as of April 17, 2026), here's my clear read:We are not in a “going down” phase right now.
The chart is painting a very specific setup: we are sitting right on a major long-term purple trendline support, exactly where the two previous red circles were marked in earlier cycles (one around late 2019/early 2020 and another in 2022). Those red circles were major bounce points in the past — price touched the lower purple support, held, and then launched the next big leg higher. The current red circle on the right (around the ~70-75k area in early 2026) is the exact same pattern repeating.Key things the chart is showing right now:
The green arrow exploding up to 500K starts directly from this current red circle. That’s the chart creator’s way of saying: “This is the launchpad.”
There’s also a small green circle higher up (around the 2022 dip) that looks like a similar “shakeout” before the next rally.
The multiple purple trendlines are acting as a long-term ascending channel/fan. Price has respected every single one of them since 2017.
The yellow line above is even more bullish — it’s the ultimate bull-case trajectory.
Indicators (MACD and Stoch RSI) are not screaming crash; Stoch RSI is hovering in the middle (not deeply oversold or overbought), which often happens right before a strong move once support holds.
So… going down or playing the trendline before 500K?The chart is screaming the second option:
Price is very likely to play on / around this purple trendline (some chop, retests, maybe a little scare wick down) before taking off toward the 500K target. This is classic cycle behavior — the trendline acts as dynamic support, price “walks it” for a bit (consolidation phase), then the real parabolic leg begins once it clears the next purple resistance above.We are not breaking down through this trendline in the base case this chart is showing. The whole setup (multiple trendlines + historical red-circle analogs + the big green 500K arrow) is bullish continuation, not reversal.Bottom line (my take directly from this chart):
We’re in the late accumulation / early breakout phase of this cycle. Expect some sideways/back-and-forth action on or slightly above this purple support for a while… then the rocket emoji moment toward 500K once it clears the overhead purple lines.That’s exactly what the chart is telling us. The 500K line isn’t random — it’s the logical extension of the same structure that’s been working since 2015. What do you think —
you drawing this or just sharing someone else’s masterpiece?
Even Grok got baffled about who drew the chart.... I said Yup I drew it myself .😉 So Follow Me For More Drawings !! #cryptotrading
#BTC #Bull #Long #Bitcoin
