Bitcoin to $81,000 Is It Still Happening?

#bitcoin

Trading Fam,

The current geopolitical news is causing massive uncertainty in the markets. Volatility is increasing. But if we read the charts right, it can help guide our potential direction and trades. And thanks to my Pivot Zones Indicator, I have additional confidence on Bitcoins potential price path forward.

I recently entered Bitcoin at 64.5k. Sold at 73.5k. And now I will look to re-enter long at 64-65k again, targeting a final price of 81-82k. Once we reach this price level, the true test will begin. As I have stated all along, I remain bearish long-term unless this level can be defeated with confirmation on the daily and weekly charts. Until that time comes, my downside target remains at between 40-50k.

Let’s take a deeper look at what I am seeing on the Bitcoin chart.

✌️Stew