Zak Mir examines a selection of UK-listed companies that have adopted a Bitcoin/Crypto Treasury policy, including Anemoi, Bluebird, Catenai, Cel AI, Mendell Helium, Panther Metals, Pri0r1ty, Smarter Web, Tao Alpha, Tiger, Vaultz, and Vinanz.
Introduction to the Bitcoin Treasury Strategy Brigade
The Bitcoin Treasury Strategy Brigade represents a fascinating segment of the market where companies integrate Bitcoin or other cryptocurrencies into their treasury holdings. This strategy often influences their share price dynamics, making them a unique class for technical analysis. Zak Mir’s approach blends technical indicators like moving averages, RSI levels, and price channels to assess potential movements and investment opportunities.
Stock-by-Stock Breakdown
Anemoi
Anemoi’s shares have managed to hold a crucial resistance level just above 1.75 pence. This level is pivotal, as a close back below it could signal a move toward a target of 3 pence. With the Relative Strength Index (RSI) remaining above the neutral 50 mark, the technical outlook leans toward optimism despite shares being substantially above their 50 and 200-day moving averages. The shares continue to outperform, especially considering the spike seen earlier up to 5 pence.
Bluebird Mining Ventures
Bluebird Mining Ventures has demonstrated resilience following a recent pullback from midweek highs. The call for the stock was to reach around 2.2 pence by the end of next month. Although it peaked near 1.97 pence, the current price remains close to the 1.05 pence support level, which is crucial for maintaining momentum.
Technically, the rising 50 and 200-day moving averages suggest an imminent golden cross, a bullish signal expected within the next week. This aligns with the early identification of a bear trap and an iron reversal pattern, which have historically been favorable setups for this stock. Interestingly, many market voices remained silent during earlier strong buy signals around 0.4 to 0.5 pence, only critiquing after the rally faded—a reminder of the emotional biases often at play in investing.
Catenai
Catenai recently raised approximately £1.6 million, which helped its shares hold up well within a mildly descending price channel between 0.3 and 0.55 pence. A close above the 50-day moving average, around 0.4 pence, could pave the way to reach 0.55 pence by the end of next month.
Coinsium
Coinsium stands out as one of the biggest winners among the BTS stocks, having delivered over 20x returns from lower price points around 4 to 5 pence. The shares have exhibited a classic “Grand Old Duke of York” pattern—marching upward and then retracing. The current base is around 20 pence, with resistance levels at 30 and 50 pence. A close above 30 pence would be a strong signal to push towards 50 pence. The RSI’s bounce at the neutral 50 level further supports this potential uptrend. A company presentation scheduled for Monday might also act as a catalyst for the shares.
Cel AI
Cel AI experienced a strong rally at the end of May and recently bounced back above its 50-day moving average at 0.41 pence, signaling a potential recovery. While the RSI has dipped below 0.50, indicating some vulnerability, a rebound to around 0.60 pence remains possible if the stock stays above the 50-day line. The recent hammer candle formation after a downside gap on Friday adds a cautiously optimistic note.
Mendell Helium
Mendell Helium attempted to capitalize on the BTS momentum but faced a sharp reversal after an initial one-day surge. Despite this, the shares remain just above the 50-day moving average at approximately 2.5 pence. Dips toward this line could present buying opportunities, with a potential target near the recent Thursday peak of 3.5 pence, although the reversal was notably severe.
Panther Metals
Panther Metals was performing well before joining the BTS stocks and remains strong near the second target of 69 pence. Maintaining above the recent gap support at 64 pence is critical. If it holds, a retracement toward 80 pence could be within reach. The 200-day moving average at 67 pence also plays a key role as a support level.
Pri0r1ty
Pri0r1ty briefly surpassed its 200-day moving average at 8 pence for the first time since its market debut but has since retreated into a range between 5.6 and 7.8 pence. The current pattern resembles a bear flag, hinting at a possible move back toward the 50-day moving average near 4.1 pence. However, holding above the spike at the end of May (5.5 pence) remains a hopeful sign that the retracement from 10 pence may be concluding.
Smarter Web
Smarter Web’s journey has been marked by skepticism, with many bearish voices throughout its rise and fall. The key technical event to watch is the bear trap rebound from an intraday low of 197 pence on June 24. Holding above this level is crucial to avoid a slide toward the channel floor at 145 pence. A further drop below 105 pence would test the 50-day moving average, but this seems unlikely as other BTS stocks have not breached their 50-day lines yet. On the upside, resistance at 240 pence from earlier this week offers a reasonable rally point.
Tao Alpha
Tao Alpha saw a spectacular but short-lived rally to 26 pence, followed by a sharp decline below the channel floor at 5.8 pence. The immediate risk is a drop below recent support around 4.5 pence, potentially sending the shares down to near the 50-day line at 1.75 pence. Compared to its peers, Tao Alpha is currently among the most vulnerable in the BTS group.
Tiger Royalties
Tiger Royalties experienced a more modest rally compared to other BTS stocks but has held up well following a sharp retreat. The shares are currently near the second target at 0.34 pence. Maintaining this level is important to avoid a fall back to 0.25 pence, the initial target. A rebound toward 0.5 pence by the end of next month remains the ideal scenario.
Halt Capital (formerly Helium Ventures)
Halt Capital bounced off its second target around 12 pence and is aiming to retest resistance near 27 pence by the end of next month. Holding above 12 pence and staying well above the 50-day moving average at 8.5 pence is vital to support this upward trajectory.
Vinanz
Vinanz has surpassed many upside targets recently, pushing through 40 and even 58 pence. The current focus is to hold above the first major support at 27 pence and aim for 40 pence by the end of next month. The dip on Thursday may represent a low point, with old resistance around 22 pence potentially becoming new support—a positive technical development.
Conclusion: A Mixed Yet Promising Landscape
The Bitcoin Treasury Strategy stocks present a dynamic and varied picture. While some companies like Bluebird Mining Ventures, Coinsium, and Vinanz exhibit strong technical setups and bullish signals, others such as Tao Alpha and Mendell Helium face more immediate challenges. Overall, the group’s reliance on key technical indicators—50 and 200-day moving averages, RSI levels, and price channels—provides a robust framework for navigating this unique sector.
For investors, the takeaway is clear: patience and attention to technical signals are paramount. Opportunities exist, especially when shares hold critical support levels or form bullish patterns like golden crosses and bear trap rebounds. However, caution is warranted where sharp reversals or descending channels appear.
As always, staying informed about company developments and market sentiment will be essential to making the most of the Bitcoin Treasury Strategy stocks moving forward.
