Bitcoin slipped below three-day Ichimoku cloud support on Wednesday, prompting market technician Dr Cat (@DoctorCatX) to flag the first decisive warning for bulls while outlining a tight sequence of conditional signals into month-end. Sharing a chart on X, he wrote: “Bulls finally lost the 3D kumo support which is the first clear red flag to look for.” He cautioned that the breakdown does not guarantee a straight-line slide, adding that “the kumo is very thick here which means the price can be very spiky/turbulent and even further down moves may be ‘bumpy’ for bears with bounces etc…”
Dr Cat’s near-term line in the sand on daily closing conditions is clear: “If today closes above $113K we don’t have an indication for an immediate danger of a bearish continuation.” That threshold sits alongside his broader stance that separates time horizons. He reiterated that his “Long term = Bullish with the same targets I’ve shared many times,” but recast the shorter outlook as “Short to mid term = Neutral, range between ~$100K and prev ATH.”
Against that caution, Dr Cat still identifies a specific window for bullish validation. Anchoring to Ichimoku’s Chikou Span alignment on the daily and three-day timeframes, he said “the earliest window of opportunity for a bull breakout above ATH is the 31st of October.” That timing caveat is critical: the October 31 marker is a first possible opening, not a guarantee, contingent on price stabilizing around or above the weekly Kijun and avoiding those date-based bearish triggers.
Taken together, Dr Cat’s framework is binary but conditional. A daily close back above $113,000 would blunt “immediate” continuation risk and keep the weekly Kijun defenses in play at $105,700 this week and $109,559 next week. Failure to hold those rails — particularly if accompanied by renewed lows after the 19th or 26th — would harden the corrective bias and defer any credible breakout attempt.
As the calendar tightens, the market now has a clear checklist into October 31, when, per his model, the first “window of opportunity” opens for a move that could credibly threaten and surpass the previous all-time high.
At press time, Bitcoin stood at $111,479.
