Bitcoin

Bitcoin spent last week in a very strong bullish mood (up 7.84%), fully overlapping the weekly candle from June 15–21 and breaking above the internal line of the price channel. It seems poised to carry that momentum into the new week.

The signal line of the Marlin oscillator sharply turned upward without testing the zero line, indicating readiness for active growth. After the price breaks above the 111,952 level (May's high), the next target opens up at 117,730 — the next internal line of the rising price channel.

On the daily chart, the price has moved sideways and slightly upward for the past six sessions, staying above the price channel line. This morning, the price broke above the MACD line, supported by the Marlin oscillator turning upward. The next expected move is a firm consolidation above the MACD line.

On the four-hour chart, during today's Pacific session, the price bounced upward from the balance indicator line. Marlin returned to positive territory after a brief false dip into the negative zone. We now expect the upward trend to continue.