Technical analysis by BitcoinDunyamiz about Symbol BTC on 8/20/2024

As you know; our realistic thoughts have been falling into place lately. Just as we tell the truth on our charts, the developments will prove us right. The 4-hour Bitcoin chart on the screen. In my previous post, I emphasized that our number 2 resistance, the 61,600 level, is important. That area seems to be working right now. The situation I was most afraid of was the lack of volume. Fortunately, there was a heavy volume accumulation after the weekend. It seems like it will continue this way. Although global developments affect the cryptocurrency market, the empire of fear seems to be slowly collapsing. Iran was trying to embargo the market. Fortunately, Turkey and the negotiating countries have eliminated these clouds of fog. Turkey is taking the lead in stopping the tension and even ending it. The cryptocurrency market is accumulating heavily above with Bitcoin breaking records. If it passes 61,600 and gathers potential power there, we may see a new record.