On the W1 chart, the BTC price continues to be traded in a downward channel. Last week, quotes reached its lower boundary at 6605.00, after which they started an upward correction. Currently, the price is in the area of 7500.00 (Murrey [4/8], D1) and, judging by the upward movement of Stochastic near the oversold zone, it can continue to rise to the level of 8750.00 (Murrey [3/8], the center line of Bollinger Bands, W1).