{"id":11485,"date":"2023-04-14T17:59:05","date_gmt":"2023-04-14T17:59:05","guid":{"rendered":"https:\/\/www.cryptoheretostay.com\/?p=11485"},"modified":"2023-04-14T17:59:07","modified_gmt":"2023-04-14T17:59:07","slug":"btc-price-targets-see-33k-next-as-bitcoin-eyes-key-resistance-flip","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=11485","title":{"rendered":"BTC price targets see $33K next as Bitcoin eyes key resistance flip"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Bitcoin (BTC) preserved new 10-month highs at the April 14 Wall Street open as analysts kept hoping for further gains.<\/p>\n<p><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/p>\n<h2>$31,000 revealed as make-or-break trend line<\/h2>\n<p>Data from Cointelegraph Markets Pro and TradingView showed BTC\/USD consolidating around $30,700 after spiking past the $31,000 mark.<\/p>\n<p>The pair saw no major retracement as it headed further into grounds it originally lost in June 2022.<\/p>\n<p>Now, market participants eyed the potential for bulls to capitalize on existing momentum with the help of positive macro trends.<\/p>\n<p>United States equities opened higher, with the S&amp;P 500 and Nasdaq Composite Index both up 0.3% at the time of writing.<\/p>\n<p>\u201cWith stocks opening up hot, BTC was able to maintain above the previous range high,\u201d popular trader and analyst Josh Rager told Twitter followers after the open. <\/p>\n<p>\u201cThink we can see a retest and push higher here above $31k+.\u201d<em>BTC\/USD, S&amp;P 500 charts. Source: Josh Rager\/Twitter<\/em><\/p>\n<p>Others also considered the possibility of BTC\/USD hitting $32,000 or more in the short term before taking a more pronounced time out.<\/p>\n<p lang=\"en\" dir=\"ltr\">#BTC&#8217;s recent breakout means that price is now entering the $28800-$33000 range (orange-blue)<\/p>\n<p>It&#8217;s unclear whether $BTC needs to dip to solidify ~$28800 as support before jumping to $33000<\/p>\n<p>But at the moment, more arguments for upside at this time#Crypto #Bitcoin https:\/\/t.co\/85DjLHoZnD pic.twitter.com\/Nx7bQx0OWa<\/p>\n<p>\u2014 Rekt Capital (@rektcapital) April 13, 2023<\/p>\n<p>\u201cI believe the next stop is just a hair above $33,000, where we\u2019ll encounter the 100 moving average, on the weekly time frame,\u201d macro analyst Jesse Dow continued in part of Twitter analysis during the week.<\/p>\n<p>\u201cDon\u2019t forget we have bullish divergence and convergence on the weekly. And this has NEVER failed after we\u2019ve seen at least a 75% drop in Bitcoin\u2019s price, from the previous cycle.\u201d<\/p>\n<p>Zooming out, the importance of the current range for spot price became all the more visible, with $31,000 acting as support through 2021 until the June 2022 breakdown.<\/p>\n<h2>Brandt stays long Bitcoin<\/h2>\n<p>As various popular figures called the start of an \u201caltseason,\u201d one staying firmly bullish on BTC was veteran trader Peter Brandt.<\/p>\n<p><strong><em>Related:\u00a0What Bitcoin bear market? BTC price closely copying old halving cycles<\/em><\/strong><\/p>\n<p>In a tweet on April 13, Brandt revealed long positions on Bitcoin in addition to stocks in a further suggestion that the worst of the bear market was now over.<\/p>\n<p lang=\"en\" dir=\"ltr\">Heading to MN for the summer. Current Factor LLC positions with trailing stops<br \/>Long Nasdaq $NQ_F<br \/>Long Gold vs. YPY $GC_F $G6J_F<br \/>Long Bitcoin $BTC<br \/>Long Gold $GC_F<br \/>Long London Cocoa (not shown) $LCC_F pic.twitter.com\/FH2o0LxZEz<\/p>\n<p>\u2014 Peter Brandt (@PeterLBrandt) April 13, 2023<\/p>\n<p>Previously, former BitMEX CEO Arthur Hayes had revealed a rethink on his own investment strategy, opting to increase crypto exposure.<\/p>\n<p>\u201cThe ensuing Bitcoin rally will be one of the most hated ever,\u201d he predicted in a blog post released last month.<\/p>\n<p><strong><em>Magazine:<\/em><\/strong> <strong><em>Bitcoin in Senegal: Why is this African country using BTC?<\/em><\/strong><\/p>\n<p class=\"post-content__disclaimer\">The views, thoughts and opinions expressed here are the authors\u2019 alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.\n<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/btc-price-targets-see-33k-next-as-bitcoin-eyes-key-resistance-flip\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) preserved new 10-month highs at the April 14 Wall Street open as analysts kept hoping for further gains. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView $31,000 revealed as make-or-break trend line Data from Cointelegraph Markets Pro and TradingView showed BTC\/USD consolidating around $30,700 after spiking past the $31,000 mark. The pair saw no [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-11485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11485"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11485\/revisions"}],"predecessor-version":[{"id":11487,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11485\/revisions\/11487"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/11486"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}