On the weekly chart, the price has been testing the MACD line and the balance line for two consecutive candles, forming long lower shadows.
As the signal line of the Marlin oscillator approached the boundary of the downward trend, these attempts to breach the indicator lines came to a halt. Now, a new wave of medium-term growth seems possible.
On the daily chart, a few days ago, the price struggled to rise above 94,966, and the Marlin oscillator was unable to move into the positive zone (as indicated by an arrow).
Currently, Bitcoin is making another attempt to break above the 94,966 level, and the optimism reflected in the Marlin oscillator suggests a high probability of success. The MACD line has also moved close to the target level, making it an intermediate target in itself. Above this level lies a more significant goal at 99,432, which was the peak reached on February 21.
On the four-hour chart, the price is rising above both indicator lines, and the Marlin oscillator is gaining strength in the positive zone.
