One for the Bulls! $81,000 Fibonacci extension target

Should Bitcoin's upward momentum persist, we anticipate encountering initial resistance around the $81,000 mark. This level coincides with my criteria for a confirmed bullish breakthrough, making it a pivotal area to monitor for insights into Bitcoin's trajectory.

However, it's important to recognize the limitations of the Fibonacci tool: its susceptibility to becoming a self-fulfilling prophecy and its lack of reliance on volume data. Therefore, exercise caution and trade prudently when incorporating Fibonacci analysis into your trading strategies.