BTC/USD (Bitcoin – 4h, Bitstamp). It’s showing a bearish structure after breaking trendline support and multiple ChoCH (Change of Character) signals.
Key Levels on my Chart:
Current Price: ~110,716
Broken Support Zone: ~112,725 – 113,394
Target Point 1: ~106,000
Target Point 2 (extended): ~98,000
Technical Outlook:
Price has broken below the upward trendline and is now retesting lower levels.
The rejection from ~113K adds strength to the bearish momentum.
The Ichimoku cloud is bearish, with price trading below it.
My chart suggests a downside continuation, with first target ~106K, and if momentum continues, the next downside target is ~98K.
👉 Targets:
Short-term target: 106,000
Extended target: 98,000
Key Levels on my Chart:
Current Price: ~110,716
Broken Support Zone: ~112,725 – 113,394
Target Point 1: ~106,000
Target Point 2 (extended): ~98,000
Technical Outlook:
Price has broken below the upward trendline and is now retesting lower levels.
The rejection from ~113K adds strength to the bearish momentum.
The Ichimoku cloud is bearish, with price trading below it.
My chart suggests a downside continuation, with first target ~106K, and if momentum continues, the next downside target is ~98K.
👉 Targets:
Short-term target: 106,000
Extended target: 98,000
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t.me/+yJ2-qfkocRg1NDlk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/goldtradingpk710
Gold Signal's with proper TP & SL for high profit opportunities..
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.
📲 Join telegram channel free ..
t.me/+yJ2-qfkocRg1NDlk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/goldtradingpk710
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/+yJ2-qfkocRg1NDlk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/goldtradingpk710
Gold Signal's with proper TP & SL for high profit opportunities..
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.