BTC/USDT (Bullish) BTC on track towards 60 000


Market & Ticker: Bitcoin – BTC/USDT

Date: 26/02/2024

Horizon / Timing: Tactical Mid-term / 1 to 3 months


Since end of January the BTC is on track to progress towards the next tactical resistances sets at 53200 and 60000. At current price considering the new technical element we adjusted the tactical support from 42000 to 47400 to anticipate a breakout of 53200 and the progression towards 60000.

As long as 47400 remains a tactical support valid, BTC is expected tp progress towards 53200 level considered as an acceleration level (upper part of the channel) to liberate the potential towards 60 000.

NB: BTC is showing sign of underperformance versus ETH a head of the ETH:ETF approbation by the SEC in US – We consider ETH as a better asset as BTC for the category ‘’Driver’’ composed by BTC and ETH.

Technical Key Elements:

  • RSI Indicator remains in positive area
  • The Moving average are still support and are accelerating to the upside (Positive)
  • Fibonacci key support is adjusted at 47400 while the key resistance is adjusted at 53 200 and 60 000

Trade Idea conclusion: Bullish

• Target 2: 60 000 • Target 1: 53 200 • Tactical Support: 47400 • Alternative Target 1: 39 600 and 37 200

Chart: Daily Basis (Candle Stick) - Logarithmic

Indicators: Exponential Moving Average (21/34/89) - RSI (21)


Disclaimer: The content of this analysis should not be considered as a study, an investment advice or a recommendation concerning products, strategies or a particular investment opportunity. This content is strictly for illustrative, educational or informational purposes and is subject to change. Investors should not base their investment decision on the content of this site and are strongly recommended to seek independent financial advice for any investment they are considering. logo


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