$BTC

Bitcoin is now 82 thousand, breaking 80500$ and it is a major pivot point of 270. A daily close will accelerate towards the end target of the downward cycle on the daily timeframe to 71 thousand in a short time by April 10.

The reversal is on April 12, and God knows best.

My forecast for the movement from March 29 to March 31 targets a price rebound from 80500$ to 85 thousand, which is considered a retest. Any rejection from the 85 thousand range is a signal to continue the correction.

We aim to complete the downward cycle from March 31 to April 10.

Targets:

- First target 76 thousand

- Second target 71 thousand

This scenario fails with a breakout and close above 89773$.

- A signal to end the correction and regain the upward trend is a breakout and close for three days above 89773$, targeting a new high.

And God knows best.