BTC Heading towards 800 dollars?

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Btc is weak, looking at the week chart you can see that the previous week candle was very bearish, stuck at the 100 ma. Now btc is about to form a reverse cup and handle pattern. the current U-shaped formation is quite telling of that. However, when btc bounces back, there are quite a few altcoins that look very bullish in relation to btc, like xrp and ethereum for example.