BTC price targets see $33K next as Bitcoin eyes key resistance flip
Bitcoin (BTC) preserved new ten-month highs at the April 14 Wall Street open as analysts kept hoping for further gains.
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 major retracement as it headed further into ground it originally lost in June 2022.
Now, market participants eyed the potential for bulls to capitalize on existing momentum with the help of positive macro trends.
United States equities opened higher, with the S&P 500 and Nasdaq Composite Index both up 0.3% at the time of writing.
“With stocks opening up hot, $BTC was able to maintain above the previous range high,” popular trader and analyst Josh Rager told Twitter followers after the open.
Others also considered the possibility of BTC/USD hitting $32,000 or more in the short term before taking a more pronounced time out.
#BTC's recent breakout means that price is now entering the $28800-$33000 range (orange-blue)It's unclear whether $BTC needs to dip to solidify ~$28800 as support before jumping to $33000But at the moment, more arguments for upside at this time#Crypto #Bitcoin https://t.co/85DjLHoZnD pic.twitter.com/Nx7bQx0OWa
“I believe the next stop is just a hair above $33,000, where we'll encounter the 100 moving average, on the weekly time frame,” macro analyst Jesse Dow continued in part of Twitter analysis during the week.
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.
As various popular figures called the start of "altseason," one staying firmly bullish on BTC was veteran trader, Peter Brandt.
Related: What Bitcoin bear market? BTC price
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