#Bitcoin Update – Wednesday, 11.09.2024

١١ سبتمبر

#Bitcoin Update – Wednesday, 11.09.2024

Assalamu Alaikum and good evening to all brothers and sisters,

#Bitcoin has closed the daily candle above our key resistance level marked by the black line on the daily time frame. However, today’s session has been somewhat bearish. On the 4-hour chart, we can observe that the price has just retested the support line (as shown by the black circle). In my opinion, the price still remains bullish.

What’s next?
If the price continues to hold within the current resistance zone and stays above support, the bullish trend could remain intact. However, if it breaks below the support level, we may see a reversal in the trend.

#ALTS Update
The altcoin market has shown mixed signals today. While some altcoins are performing well, others have experienced significant drops in line with Bitcoin’s pullback. Nonetheless, all of our signals in the group are performing well, Alhamdulillah.

I wish you all a very pleasant day ahead! Stay informed and trade wisely.