LIKELY TO TEST & FIND SUPPORT AT $7788, AND BREAK THE TRENDLINE?

I do not trade BTC but I follow it aggressively because it dictates other coins. However, the weekly time frame gives us a more filtered and clearer picture of where this coin may be heading. As you can see from the charts, this week's candle seems to be closing above a major resistance of $7788 which has served as strong support on several occasions in the past. Furtherly, next week will give us a vital hint on the direction of BTC as to whether we will break out above or below the trendline identified in the chart as well.

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