#BTC45k #btctoday #CryptoProjection
On the 4-hour chart, a "bullish flag" is forming right above the broken resistance zone and below the -27% Fibonacci level. Once the upper boundary of the flag is breached, the rise towards $45-46k will begin.
Overall, the market looks good. Particularly noteworthy is SOL, which has finally reached the psychological mark of $100, but we'll discuss that separately.
On the BTC chart, in addition to the formation of bullish patterns, the breaking of significant resistances, and compression toward the next ones, there are also expectations for the approval of spot BTC-ETFs in early next year. Against this backdrop, the market is moving upward, especially altcoins, as BTC dominance locally decreases while the price remains in place.
In summary: I'm waiting for the breakout of $44k and the continuation of the rise to $45-46k, and in the best-case scenario, $48-50k. These figures are quite realistic in the near future, especially given the positive information about ETFs.
Bitcoin Dominance: 53.12%;
Fear and Greed Index: 74 (Greed);
Altcoin Season Index: 53;
Market Capitalization: $1.64 trillion.