Bitcoin is now at $82,000, breaking $80,500, and this is one of the characteristics of the last wave of this cycle before the trend reverses from a bull market to a bear market.
- Creating a general state of FOMO,
- Accompanied by positive news and significant media support, and ignoring, fighting, and disbelieving any negative news.
- A sharp, rapid rise without any notable corrections.
- You will feel that the market is going up endlessly, and then you must escape as soon as possible. Get out.
Bitcoin is now at $82,000. A break of $80,500, a key 270-degree angle, and a daily close will accelerate the downward cycle target to $71,000 on the daily frame within a short period of time, by April 10.
The reversal will occur on April 12, and God knows best.
My view of the movement from today, March 29 to March 31, is that we are targeting a price rebound from $80,500 to $85,000, which is considered a retest. Any rejection from the $85,000 range is a signal of a complete correction.
We are targeting a complete downward cycle from March 31 to April 10.
Targeting:
- First target: $76,000
- Second target: $71,000
This view fails with a break and close of $89,773
- A three-day break and close of $89,773 signals the end of the correction and the recovery of the upward trend.
And God knows best.
$BTC