🔹 Bitcoin Outlook: Downside Targets After Breaking 110K
Bitcoin has broken below the 110K level, and I see this as a sign of accelerating downside momentum. My first target area is around 104K–106K, and the second, deeper level is 93K–97K, guided by the 3-day chart’s 112-day moving average. Even if a short-term rebound takes place, I expect the price will eventually test those levels, so I’m watching closely for possible short setups.
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GateUser-1c674688
· 08-27 18:22
The trend seems to not be very good, so be cautious of the risks.
🔹 Bitcoin Outlook: Downside Targets After Breaking 110K
Bitcoin has broken below the 110K level, and I see this as a sign of accelerating downside momentum.
My first target area is around 104K–106K, and the second, deeper level is 93K–97K, guided by the 3-day chart’s 112-day moving average.
Even if a short-term rebound takes place, I expect the price will eventually test those levels, so I’m watching closely for possible short setups.