The "V-Shape" Recovery: After an 80%+ drop from its ATH, the price has found strong support at $0.35 - $0.45. The recent breakout past $1.15 has shifted short-term momentum to bullish.
Resistance Levels: The next major hurdles are at $1.80 and $2.50. A clean break above $1.80 could confirm a sustained trend reversal.
Cautionary Note: The RSI is currently reaching overbought levels on shorter timeframes. Given the low circulating supply (~10%), "whale" activity can cause sudden 20–30% pullbacks.
The pair is currently showing mixed signals, suggesting a period of consolidation.
Trend: The 50-day Moving Average is beginning to slope upward (bullish), but the 200-day Moving Average remains a major overhead resistance, indicating that the long-term trend hasn't fully reversed yet.
RSI (Relative Strength Index): Currently sitting in the neutral 45–55 zone, meaning the coin is neither overbought nor oversold.
Key Levels:
Support: Strong support is established around $0.020 – $0.021.
Resistance: Immediate resistance is at $0.027; a breakout above $0.032 would signal a potential return to previous highs.
❓$FUTURE TRADING IN ISLAM – HALAL OR HARAM? 🕋 A Detailed Explanation with Proofs
😞 "Family pressure, constant guilt, endless confusion..." Let’s finally clear the air — in the light of authentic Islamic teachings. 🌙
🔴 Why Most Scholars Call Futures Haram 1️⃣ Gharar – Extreme uncertainty
Selling what you don’t own is prohibited. 📖 “Don’t sell what you don’t possess.” – (Tirmidhi)
2️⃣ Riba – Interest-based system
Margin & leverage trading involve interest — which is strictly forbidden in Islam.
3️⃣ Maisir – Resemblance to gambling
Speculative price betting without owning or using the asset.
4️⃣ Delayed Settlement
Islam requires either immediate payment or delivery. Futures violate both.
✅ When Some Scholars Consider It Halal Only under strict Shariah-compliant conditions: ✔️ Structured like Salam contracts ✔️ Physical halal asset (e.g., wheat, oil) ✔️ Seller owns the asset or legal rights ✔️ No leverage, no interest ✔️ Purely for hedging, not speculation
📚 Trusted Islamic Opinions
AAOIFI: Conventional futures are not allowed
Darul Uloom Deoband: Clearly declares them haram
Some modern scholars explore Islamic alternatives — but not regular futures
🟢 Conclusion
❌ Today’s typical futures contracts are haram in Islam. ✅ Explore halal investing instead:
Shariah-compliant stocks
Islamic mutual funds
Sukuk (Islamic bonds)
Real estate & commodities
💬 Still unsure? 📌 Always consult your local Mufti or certified Islamic finance expert. 🙏 Trade halal, earn pure — and invite Barakah into your rizq.
#ShareYourThoughtOnBTC BTC has seen massive gains, it's also extremely volatile. Price swings of 10% or more in a single day aren't uncommon. This volatility makes it attractive for traders but risky for those seeking stability.