The thing is: The graph is based on reality, not fiction.
The thing is: The graph is based on the past, not the future.
Extrapolating is always dangerous. It works till it doesn't.
I also expect that we're probably shooting up by a factor of 5-10 in a few months...
But it isn't a given.
This.
Technical analysis uses a lot of selective sampling and selective selection of analysis strategy. For example: What exactly is the justification to choose a logarithmic scale? Just because this is the only scale where you can draw a trendline?
That's not proper science, it's manipulative selection of methods (and timeframe) until you get the results you want to get.