🚀Bitcoin could reach $48,000 by the New Year, the analyst believes. Technical analysis shows that BTC could continue to rise after easily breaking $34,000 this week.

🐂Many are arguing that after the recent rally that saw BTC rise by over 20% in a few days, the asset is ready for a new bull market.

📈Bitcoin dominance has reached a 2.5-year high, exceeding 53%. This indicates a growing interest in cryptocurrency and the strengthening of its position in the market.

🔮Analysts note that the history of Bitcoin prices confirms the likelihood of such growth. The last time BTC topped $32,000 was in July 2021, which preceded a rally to an all-time high of $69,000 in November 2021.

🌐In addition, markets are reacting to possible SEC approval for the Bitcoin ETF product, as well as the expectation of a Federal Reserve rate cut. All these factors can become an impetus for the growth of the Bitcoin rate.