Bitcoin is breaking beyond two key downtrends that have kept the price at sub-$40k levels since entering in May and seems poised for a reversal. We have a triple bottom with the Bitcoin Greed/Fear Index at 10-Extreme Fear, making this an ideal opportunity to think like a contrarian and go long. I will be targeting $38k in the short term with a possible retest of $40k. Alts are also showing signs of rebounding as well. If the price were to break back down below the blue or pink downtrends, that will be my indicator to exit.