March - May formed an 'ascending triangle' consolidation bottoming pattern, with a breakthrough of $100,000 in May confirming the bullish trend; May - June saw a rapid surge, with five consecutive weekly gains; June - July experienced a high-level consolidation before breaking through $112,000 to reach a new high. Currently, the RSI is not showing severe overbought conditions, the moving averages are in a bullish arrangement, the trend is healthy, and short-term corrections do not change the overall upward trend!

Bitcoin: 116,700, buy at 116,200, target around 119,000! $BTC