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 😊🙏
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 😊🙏
