🪙 #BTC
📈Bitcoin has broken above $43k. The day closed quite well, around $43.6k, and on the 4-hour chart, there are already several candles above the resistance zone. Considering the retest of the broken resistance, this indicates a solid consolidation and the potential for further upward movement, at least towards $45k. The most favorable scenario would be a rise to $48k.
❗️The crucial point now is to maintain levels above $43k and not drop below. Another decline would only start if Bitcoin falls below this level — initially to $42k, and in a worst-case scenario, to $40k. However, I'm not currently counting on this secondary scenario to play out.
🚀For the continuation of the upward movement, it's necessary to break the local zone at -27% Fibonacci, located around $44k, indicating the potential for growth to -61.8% Fibonacci, at $45.3k. Additionally, seeing a surpass of the last maximum would confirm the strength of the buyers.
Bitcoin Dominance: 53.88%;
Fear and Greed Index: 70 (Greed);
Altcoin Season Index: 53;
Market Capitalization: $1.586 trillion.
