BTCUSD Price Targets - 33k Bottom

Bitcoin did end up catching 33k support as the bottom. We didn't see a touch of 27k or something crazy like 24k or sub 20k.

From here, looking at the 4-hour of BTC it looks like this was the bottom painted here after wicking 33k for a 2nd time, along this rising channel around the $36-37k zone heading upwards to 40k and beyond.

The next major move for Bitcoin is going to be closing above the $39,696 - $41,337, and from there i’m expecting to hit the high 40s.

Bitcoin gained the 38k level as support and will probably squeeze out traders before hitting these long targets but these are valid if BTC continues to hold the 38k support:

TP1 🎯 $39,696
TP2 🎯 $40,707.64
TP3 🎯 $41,337
TP4 🎯 $44,854
TP5 🎯 $47,410

Please take a moment to read through my related ideas calling out the 33k bottom if you have a minute.

Thank you 😊🙏