BTCUSD – Bearish Momentum Targets $110,426 After Resistance Bitcoin / U.S. dollarBITSTAMP:BTCUSDMark_Fx8Bitcoin faced strong rejection from the $123,000 resistance zone and is now trading lower around $113,000. Price action shows weakness after multiple failed attempts to break higher. The current structure indicates a bearish continuation towards the next key support level. If the bearish momentum holds, the next target remains around $110,426, aligning with the support zone and FVG (Fair Value Gap). A short-term pullback may occur before further downside. Resistance: $123,000 Support Level: $112,000 – $110,000 Next Target: $110,426 Sellers remain in control unless Bitcoin reclaims $118,000+ with strong momentum.