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The price of bitcoin has seen a 1.6% increase in the last 24 hours, with its value bitcoin“>trading at $34,685 starting at 7.30 am EST.
This slight increase comes as fund management giant Fidelity said the price of bitcoin could reach $96,000 by 2025.
With bitcoin rising once again, will its adoption curve accelerate like it did a few years ago? And how does the macro trend in rates affect you? Here we leave you some information to consider: pic.twitter.com/oitGo50AZg
– Jurrien Timmer (@TimmerFidelity) November 2, 2023
TOWhen bitcoin experiences another upward move, its adoption rate will increase as it did in previous years, said Jurrien Timmer, global macro director at Fidelity.
bitcoin Price Breaks Out of Ascending Triangle
bitcoin‘s 24-hour trading volume is $12.74 billion, showing an increase of 8.5% compared to the previous day, indicating a recent uptick in market activity.
btc price is showing a recovery pattern, starting from the $15,832 support level and forming an ascending triangle. This formation usually indicates a transition to an uptrend.
Currently, the price is steadily rising within the lower boundary of the ascending triangle.
At the moment, it has broken out of the triangle, suggesting that the bulls may have their sights set on reaching $45,070 by the end of 2023.
btc price has broken above the 50-day and 200-day simple moving averages (SMA). These SMAs now serve as immediate support levels, and the 50-day SMA provides additional reinforcement to the strength of the uptrend at the $27,120 support zone.
The Relative Strength Index (RSI) is also on the rise, bouncing from below the neutral 50 level and resting at 72. This suggests significant buying pressure in the market.
bitcoin price could reach $45,000 in 2023
btc price is firmly following an uptrend and is poised to reach new heights in 2023. This promising momentum could offer an opportunity for bullish investors to recoup their losses, supported by the Relative Strength Index (RSI) and the Simple 50-day movement. Average (SMA), aiming for an all-time high of $45,070.
On the other hand, bearish traders could see the current correction as an opportunity to minimize their losses, which could cause the price to fall to $32,068.
However, for investors looking to diversify and increase upside potential, the BTCMTX pre-sale is quickly gaining traction as people rush to acquire tokens ahead of an imminent price surge.
bitcoin Minetrix Surpasses $3.6 Million, 20x Potential
bitcoin Minetrix (BTCMTX) is quickly gaining momentum, having surpassed the $3.6 million mark in pre-sales as investors rally around its promise of 20x growth potential.
Recognizing a significant achievement for #BitcoinMinetrix!
Exceeding the $3,600,000 milestone! pic.twitter.com/jC0RxzqnTu
—Bitcoinminetrix (@bitcoinminetrix) November 7, 2023
bitcoin Minetrix is a new cloud mining project that aims to change the bitcoin mining landscape by decentralizing the way we mine bitcoin.
Presenting #BitcoinMinetrixthe revolutionary cloud mining solution that allows people to participate in #Decentralized $btc mine easily.
With the risks of third-party cloud mining removed, users enjoy complete control over their mining activities.#bitcoin Mining pic.twitter.com/BV7BE7AfKs
—Bitcoinminetrix (@bitcoinminetrix) November 1, 2023
With this new company, users will not have to own expensive and bulky bitcoin mining equipment in order to mine bitcoin. With bitcoin Minetrix, you can easily mine bitcoin from the comfort of your home. This useful feature makes the project really attractive to investors.
right now you can buy BTCMTX tokens for $0.0115 each before the price rises in four days.
Bet to Win 163% APY, Join $30K Minedrop
bitcoin Minetrix enhances its platform by offering a bet-to-win feature, allowing investors to earn more from their participation in the project. By staking the BTCMTX tokens they purchase, investors can receive a substantial Annual Percentage Yield (APY) of 163%, significantly increasing their profits over time.
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In addition to the lucrative earning potential of bitcoin Minetrix, there is an exciting opportunity for participants to win big. Ten lucky people will have the chance to receive a generous $3,000 each from a $30,000 prize pool.
To enter this contest, simply visit the Minetrix bitcoin Platform, buy some $BTCMTX tokens and follow the specified steps to qualify. This not only offers an investment opportunity but also the chance to win a substantial prize.
Hype around $BTCMTX
In addition to the enthusiasm, the rumors surrounding this project make it very attractive. People are always looking for an easy way to own bitcoin, and this initiative promises just that. This has caught the attention of crypto industry experts, who are now offering their thoughts and evaluations of the project.
Austin Hilton, a popular crypto influencer with over 230,000 subscribers on his YouTube channel, reviewed BTCMTX and stressed the need to get involved early in this innovative project. In his video he advises “get in before anyone else.”
To take action, go to bitcoin Minetrix Website, connect your Web3 wallet and purchase $BTCMTX tokens. You have the flexibility to use cryptocurrencies such as eth, USDT, MATIC or BNB, or you can simply use your bank card.
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