BTC #chart shows Bitcoin (BTC/USDT) on a 1-hour timeframeBitcoin / TetherUSBINANCE:BTCUSDTAbdulkaleemThe chart shows Bitcoin (BTC/USDT) on a 1-hour timeframe experiencing a breakdown from an ascending channel (highlighted in pink). After reaching resistance near $120,800, price sharply declined, breaking below both the channel support and the key horizontal support around $117,000 (blue line). It is now testing the next support zone around $115,000 (green line). This suggests strong bearish momentum, and if $115K fails to hold, further downside could be expected.