Bitcoin Update: September 19, 2024
Assalamu Alaikum and Good Morning to All My Brothers and Sisters,
Alhamdulillah, once again, my prediction for Bitcoin's movement has been spot-on (as shown in the blue circles). In my previous analysis, I outlined key support and resistance levels, and Bitcoin's price has followed this path perfectly. We are now approaching the next significant yellow zone near 64K.
What's Next?
Bitcoin is expected to complete its current wave around 63,600, with the next major resistance zone starting at 64,500 and a stronger barrier at 64,800. I anticipate some consolidation in this zone, which could provide a healthy environment for altcoins to rally. A brief retracement may occur on the 4-hour or daily timeframe before Bitcoin resumes its bullish trend.
Bearish Scenario:
Although the bearish outlook is less likely, we should always be prepared for sudden moves. A significant bearish trigger would be a breakdown of the yellow zone below 60,300. However, as long as we hold above this level, Bitcoin remains in a healthy uptrend.
Altcoin Market:
Altcoins are mirroring Bitcoin's strength, moving upward as Bitcoin surges. Many of our signals have already hit their first and second Take Profit levels, with others performing well too. I continue to monitor and update my signal list with new opportunities.
Stay tuned, and I wish you all a profitable week ahead. May we all find success in these markets. Have a great day!
Alhamdulillah, once again, my prediction for Bitcoin's movement has been spot-on (as shown in the blue circles). In my previous analysis, I outlined key support and resistance levels, and Bitcoin's price has followed this path perfectly. We are now approaching the next significant yellow zone near 64K.
What's Next?
Bitcoin is expected to complete its current wave around 63,600, with the next major resistance zone starting at 64,500 and a stronger barrier at 64,800. I anticipate some consolidation in this zone, which could provide a healthy environment for altcoins to rally. A brief retracement may occur on the 4-hour or daily timeframe before Bitcoin resumes its bullish trend.
Bearish Scenario:
Although the bearish outlook is less likely, we should always be prepared for sudden moves. A significant bearish trigger would be a breakdown of the yellow zone below 60,300. However, as long as we hold above this level, Bitcoin remains in a healthy uptrend.
Altcoin Market:
Altcoins are mirroring Bitcoin's strength, moving upward as Bitcoin surges. Many of our signals have already hit their first and second Take Profit levels, with others performing well too. I continue to monitor and update my signal list with new opportunities.
Stay tuned, and I wish you all a profitable week ahead. May we all find success in these markets. Have a great day!
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