kyer

BTCUSD Price Targets - 33k Bottom

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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 😊🙏

Comments

You never know when it's going to turn down
+1 Reply
kyer BitcoinMillio18
@BitcoinMillio18, We'll see!
Reply
Wow amazing job
+1 Reply
kyer YMGroup
@YMGroup, Thank you!
Reply
I love this method
+1 Reply
kyer AtlasTrades
@AtlasTrades, Thanks me too
Reply
awesome review!! I agree with your tps!!
+1 Reply
@kliviarocha Thank you!!! Best regards 👍
Reply