Technical analysis by BullishEffect about Symbol BTC: Buy recommendation (1/11/2024)

The biggest actor and curious instrument of 2024 is undoubtedly Bitcoin. Bitcoin price, which has been in our lives since 2009 with its decentralized, distributed and limited number and almost perfect algorithm, depends on supply and demand. It varies. Although it is said to be decentralized, the biggest impact on prices is undoubtedly traditional financial data. As I said in the introduction, this year is an important year for BTC. The chart is a weekly period. Red horizontal lines are levels where sales were intense in the past, and green lines are levels where purchasing was intense in the past. We are just at the beginning of the year and BTC started the marathon at 40 thousand levels. Regulations, FOMO and traditional finance elements will increase the demand for cryptocurrencies this year from large investment companies and banks. > miners' block reward halved, BTC I think the price will rally and break the record.