BTC - The Case for $33k
Hello everyone. Today I wanted to make a case for the bulls to hit the BER:33K price target. I would love to see a further pullback in the markets and a longer correction, but the bulls seem to be holding the 
29K level at the current time of writing. Therefore, if that continues to remain true here is how I see BTC's price reaching 33k.
We have identified our purple trendlines as our first pattern. This was how we are able to predict this dump by realizing old support had become new resistance at
30,500. Please refer to "BTC - Bullish Case Scenario Update" for this analysis. Therefore that resistance that would need to flip into support for the bulls also aligns with our last high around 
31,000 which is interesting.
The second pattern would be our white trendlines which outline the support and resistance of our "bullflag/falling wedge" pattern. Lets say it is a bullflag, then if we hold here we would see a move back to30,200 to see if we could breakout. If we do breakout and confirm the breakout we would have two measured moves depending on where you draw the flag pole from. The first would be around 
32,400 and the second would be around 
33,500.
We also see we are trying to create a bullish divergence on the 4H. Btc created a lower low in price, but is trying to create a higher low on our RSI.
Let me know your thoughts.
29K level at the current time of writing. Therefore, if that continues to remain true here is how I see BTC's price reaching 33k. We have identified our purple trendlines as our first pattern. This was how we are able to predict this dump by realizing old support had become new resistance at
30,500. Please refer to "BTC - Bullish Case Scenario Update" for this analysis. Therefore that resistance that would need to flip into support for the bulls also aligns with our last high around 31,000 which is interesting. The second pattern would be our white trendlines which outline the support and resistance of our "bullflag/falling wedge" pattern. Lets say it is a bullflag, then if we hold here we would see a move back to
30,200 to see if we could breakout. If we do breakout and confirm the breakout we would have two measured moves depending on where you draw the flag pole from. The first would be around 32,400 and the second would be around 33,500. We also see we are trying to create a bullish divergence on the 4H. Btc created a lower low in price, but is trying to create a higher low on our RSI.
Let me know your thoughts.
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