BTC/USD Alert: Daily Cloud Base Break Threatens Major Selloff - Bears Target New Lows

Bitcoin's technical foundation cracks as price action breaches critical support level.

The Cloud Base Breakdown

BTC/USD trades firmly below the daily Ichimoku cloud base—a key technical indicator that's flashing red across trading desks worldwide. This isn't some minor pullback; it's a structural breakdown that suggests deeper losses ahead.

Bearish Momentum Builds

Sellers keep piling on pressure with each failed bounce attempt. The pattern's clear: every rally gets sold, every support level gets tested. Market sentiment's shifting from 'buy the dip' to 'how low can it go?'

Technical Outlook Turns Ugly

Without reclaiming that cloud base, Bitcoin faces open air down to next major support zones. Traders watching moving averages, volume profiles, and order book depth all see the same thing—fewer bids, more offers.

Traditional finance skeptics might smirk about 'another crypto winter'—but then they're still waiting for their bank's 0.01% savings yield to beat inflation. Meanwhile, Bitcoin's just doing what it does best: terrifying the cautious and rewarding the brave through another volatility cycle.

BTC/USD

BTCUSD is consolidating after a sharp fall in past three days (down over 6%), mainly driven by strong institutional selling.
The price edged higher after hitting six-week low today, although the upside remains limited and warning of persisting downside pressure.

The latest fall broke through key supports at 111370 (50% of 98182/124558 rally / 100DMA), 110722 (base of thick daily cloud) and 110000 (psychological).

Violation of these levels generated strong bearish signal, with repeated daily close below, to validate signal and risk deeper correction from new all-time high.

Bears eye initial target at 108258 (Fibo 61.8%), with stronger acceleration to target 105097 (July 2 higher low) and 104407 (Fibo 76.4%).

Daily studies remain firmly bearish, with thick daily cloud weighing on price action, MA’s in full bearish configuration and very strong bearish momentum, with oversold Stochastic to partially counter pressure.

Ideally, consolidation should stay under the cloud, before larger bears regain full control again.

Only sustained break above 100DMA WOULD diminish downside risk and allow for stronger correction of 117169/108665 bear-leg.

110000;110370; 110772; 111634.
 109379; 108665; 108258; 107419.