Bitcoin Wave Analysis – 21 August 2026

Bitcoin: ⬆️ Buy

– Bitcoin broke round resistance level 70000.00

– Likely to rise to resistance level 74000.00

Bitcoin cryptocurrency recently broke the resistance zone between the round resistance level 70000.00 and the resistance trendline of the daily up channel from June.

The breakout of this resistance zone coincided with the breakout of the 50% Fibonacci correction of the sharp downward impulse from May.

Bitcoin cryptocurrency can be expected to rise further to the next resistance level 74000, former support from the end of May.