Although everything is possible in the Bitcoin market, I would like to believe that $33,000 is too far down below. There's currently a tug-of-war at $40,000. The price goes down to $39,000 or even $38,000 but $40,000 comes back immediately. It seems $40,000 doesn't give up, but once the price breaches $40,000, it will also be immediately rejected causing the price to once again fall to $39,000. This is exciting. But I'm confident this is temporary and as halving nears the price also rises.
Actually this is what others believed to happen specially when the price starts falling bellow 40k and yeah it fell down to 38k so some assume that it may drop down to 33k though you are correct that now that we have this level again then we are assuming this is bull again and we are on the right track.
now we are in 42k , I expect that 45k is coming anytime soon .