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


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



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 






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) logo


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