# Bitcoin's first ever 3M engulfing candle

> Bitcoin's first 3M engulfing candle signals potential rise to 200k.
- Title: Bitcoin's first ever 3M engulfing candle · TradingView
- Summary: Bitcoin's first 3M engulfing candle signals potential rise to 200k. Bitcoin could reach 200k after a rare 3M engulfing candle on TradingView.
- Keywords: bitcoin, btcusd, engulfing candle, bitstamp, tradingview, 3m timeframe, business, finance, Bitcoin's, first, ever, engulfing
- Source: TradingView — https://tradingview.com/chart/BTCUSD/FwDWC13Q-Bitcoin-s-first-ever-3M-engulfing-candle-the-future-is-bright
- Published: 2026-10-21T16:39:59+00:00
- Read time: 1 min
- Topics: bitcoin, btcusd, engulfing candle, bitstamp, tradingview, 3m timeframe, business, finance
## Bitcoin's first 3M engulfing candle
Bitcoin's first ever 3M engulfing candle appears on TradingView chart.
## Strong rebound from 0.618 level
Strong rebound from the macro 0.618 level suggests a bull market correction.
## Target north of 200k
Bitcoin could reach 200k if the thesis holds true for the months ahead.
## Key takeaway

Bitcoin could reach 200k after a rare 3M engulfing candle on TradingView.