#Bitcoin Update - Thursday, September 12, 2024

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#Bitcoin Update - Thursday, September 12, 2024

Good morning and peace to all brothers and sisters!

Yesterday's daily candle for #Bitcoin closed above our key resistance line (Arrow #3), which is a very positive signal. This suggests that our breakout of the daily resistance is still valid. Now, the critical task for Bitcoin is to push above the 56,600 level to fully confirm this breakout.

What’s Next?
The key level to watch today is 56,600. If today’s candle closes above this level, our bullish momentum will continue. However, if the price stays between 57,000 and 56,600, we’ll remain in a consolidation phase or range.

It's important to note that we still have daily resistance (Arrow #2) and a weekly trendline at 60,633 to break for further upside movement.

On the flip side, if the price breaks any of our key support lines—either the black or blue line—it will be the first bearish signal to watch out for.

Alts Update
Altcoins are performing well alongside Bitcoin, and all our buy trades are currently in profit, Alhamdulillah. I will continue to update my buy trade list. To stay updated on my latest trades, make sure to follow along.

Wishing you all a very successful and profitable day ahead!