🚀🚀Bitcoin ( #BTC ) will rise above $45,000 🚀🚀

🟩In October, the BTC price saw a significant increase, reaching a new annual high of $35,198. This growth was very crucial as it led to a breakthrough in the $30,000 horizontal resistance area. This zone had acted as a support twice during the previous bullish cycle.

In the two previous instances, breaking through this horizontal area confirmed the start of a new bullish market cycle.

As seen on the chart, after the bullish breakthrough, the price increased in the following monthly candle, reaching the first descending maximum in the market cycle (green trend line).

In the current movement, the descending maximum is at the $48,000 level, which is 40% above the current price.

🟥Despite such a bullish forecast, a BTC close below the $30,000 mark would invalidate this scenario. In that case, Bitcoin could decrease by 40% to the nearest support at the $20,500 level.

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