BTCUSD (Bitcoin / USD) chart on the 3H timeframe:
Current price: 112,663.
BTC has broken below the trendline and Ichimoku cloud, confirming strong bearish momentum.
A major support at 113,000 has been broken.
The chart clearly marks a downside target.
📉 Target: Around 108,000 – 108,200 (as per your chart’s marked “Target Point”).
âš Key zones to watch:
Resistance (turned from support): 113,000 – 114,500.
If BTC retests this zone and fails, the move toward 108,000 becomes more likely.
If BTC closes back above 115,000, it could invalidate the bearish move.
👉 So my chart’s main target = 108,000 zone.
Current price: 112,663.
BTC has broken below the trendline and Ichimoku cloud, confirming strong bearish momentum.
A major support at 113,000 has been broken.
The chart clearly marks a downside target.
📉 Target: Around 108,000 – 108,200 (as per your chart’s marked “Target Point”).
âš Key zones to watch:
Resistance (turned from support): 113,000 – 114,500.
If BTC retests this zone and fails, the move toward 108,000 becomes more likely.
If BTC closes back above 115,000, it could invalidate the bearish move.
👉 So my chart’s main target = 108,000 zone.
Trade active
trade activeTrade closed: target reached
Target done
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.