Reviving the Bull: Bitcoin's Resurgence Targets $39K Triumph!

BTC MARKET_MINDS BULLISH

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

Scenario:  

 

Bitcoin is expected to progress towards 32600. A break above 32600 in daily close would open the next upside target at 36200 and 39000 

As long as 28230 remains a support valid in daily close a direct bullish move is expected 

 

Technical Key Elements: 

 

- BTC keeps potential to test the form Breakout: Bear Market area at 36200/39000 
- RSI indicator is positive with a bullish signal valid and upside potential 
- The Moving average crossed to the upside and act as support above 28230 
- Fibonacci key support is adjusted at 28230 while the Elliot wave shows upside potential towards 36200 and 39000 

 

NB: ETH/BTC cross is still calling for BTC outperforming 

 
Trade Idea conclusion:   Buy 

 

Conviction:

 

:médaille:
:médaille:
:médaille:
High

 

Target 2: 39000 

Target 1: 36200 

Upside confirmation level at 32600 (Daily close) 

Buy: add in dip area 30300 

Stop: 28300 

 

 

Chart: Daily Basis (Candle Stick) - Logarithmic  

 

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

 

 

rayn.finance logo

Automata FRANCE SAS

240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma

Italy

The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act.