Bitcoin Update: Tuesday, 10th September 2024

10 Sep

Bitcoin Update: Tuesday, 10th September 2024

Good evening to all my brothers and sisters.

Yesterday, Bitcoin made a significant jump, as I had predicted in my analysis. On the 4-hour chart, it broke through all key support and resistance levels, placing the price firmly in a bullish zone. However, on the daily time frame, the price remains under the first resistance (marked by Arrow #3).

What’s Next?
If the price manages to hold above or moves further up from this daily resistance, we could see a potential jump to near the $59,000 level. However, if the price breaks below the blue lines, this would indicate that the recent upward movement was merely a retracement rather than a trend reversal. In that case, we could expect a significant drop.

But even in the event of a decline, there are still two major support levels that remain valid (marked by Arrow #5 and Arrow #6). These are key pivot points on both the daily and weekly time frames, so they’ll be critical to watch.

Altcoins Performance
Altcoins have also started moving positively following Bitcoin’s jump yesterday. I’ve already shared several signals on my channels, and I’m keeping an eye out for more opportunities. Once we see confirmation of Bitcoin breaking the black line, I’ll be looking to add more coins to our watchlist.

Make sure you have your notifications turned on and stay tuned for more updates.

Wishing you all a great day ahead!