BTC/USD 1-hour chart Ichimoku Cloud

Here's my analysis breakdown 

Current price: ~ $110,395

Previous resistance zone: around $111,000

Target point (as marked on my chart): ~

$116,000

So my target level is around $116,000 USD.

This tallies with a potential breakout continuation move,  measured from the height of the consolidation range (= $108,000 - $111,000) projected upward.

Summary:

Entry (breakout): around $110,000

Target: $116,000

Stop-loss (suggested): below $108,000

(below the cloud / breakout zone)