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bitcoin price is up 2.5% in the last 24 hoursbitcoin“> trading at $43,769 at 5:13 a.m. EST.
The surge comes as the marketing battle over spot bitcoin ETFs heats up, with fund managers launching three ads to promote them this week.
Bitwise debuted the inaugural bitcoin ETF announcement on December 18, featuring actor Jonathan Goldsmith, best known for playing the “most interesting man in the world” in the Dos Equis beer commercials.
Shortly after, on December 20, Hashdex unveiled its bitcoin ETF announcement. It highlights the differences between cryptocurrencies and traditional assets such as stocks, fixed income and precious metals, while also being recommended as a specialist crypto fund manager.
After the Hashdex campaign, Bitwise published its second ad, again featuring Goldsmith.
In the short commercial, Goldsmith comments: “I thought you might like to know, Satoshi sends his regards. Look up Bitwise, my friends.”
bitcoin price: Will the bulls be able to overcome the $45,000 resistance?
bitcoin's recent price rejection at the $45,000 mark has ushered in a corrective phase, allowing bearish sentiment to force a downtrend.
Despite this setback, the overall sentiment towards btc remains bullish as the cryptocurrency maintains its position above the 50-day and 200-day simple moving averages (SMA). This reaffirms the overall positive momentum and establishes immediate levels of support.
The Relative Strength Index (RSI) is trading in an upward direction, settling above the mid-level of 50 at 65. If this momentum sustains, there is a possibility that the RSI will break above the overbought level, indicating further pressure from buys.
bitcoin price prediction
Bullish investors are focusing on the $50,000 resistance level as a key target for bitcoin price. Optimistic sentiment prevails among traders anticipating a potential spike at this level.
A successful breakout of the $45,000 resistance is critical to maintaining the upward trajectory and reaching the bullish target of $50,000. Traders are closely monitoring these key levels to assess the cryptocurrency's future price movements.
However, the bulls have to overcome the existing hurdle at $45,000 to prevent the bears from taking advantage and starting a corrective phase that could lead to a pullback towards the support level of $38,500.
As competition heats up in the bitcoin ETF hype battle, signaling a possible green light for spot bitcoin ETFs, investors are eagerly buying BTCMTX. This asset will benefit significantly from the approval, especially since it is currently available at such an attractive price.
bitcoin Minetrix Gets $5.6 Million, 21 Hours to Raise Price
bitcoin Minetrix (BTCMTX) is quickly approaching its $6.2 million goal after reaching $5.6 million. Investors have approximately 21 hours to purchase the pre-sale at the current discounted price of $0.0123 before it rises in the next leg.
BTCMTX is a revolutionary bitcoin cloud mining platform, offering an innovative solution to the challenges faced by traditional bitcoin mining methods, which are often criticized for their environmental impact and high barriers to entry.
Intrigued by bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin But not its complexities?
Try cloud mining!
No setup, maintenance or noisy machinery needed.
It is cost-effective and saves space.
Perfect for everyone in the #CryptoCommunity!#BitcoinMinetrix #CloudMining pic.twitter.com/l28xsDjCyG
—Bitcoinminetrix (@bitcoinminetrix) December 21, 2023
bitcoin Minetrix strives to decentralize the mining process and improve accessibility and environmental friendliness by leveraging cutting-edge cloud-based technology.
Get BTCMTX, stake mine and earn passive income
Additionally, you have the opportunity to generate passive income through your game is mine characteristic. Currently, staking BTCMTX tokens guarantees a substantial Annual Percentage Yield (APY) of 108%.
You also have the chance to join the $30,000 Minedrop airdrop, where you will be among the 10 winners and have a chance to receive a $3,000 reward.
Conor Kenny, a cryptocurrency expert with a YouTube channel that has over 173,000 subscribers, recently featured bitcoin Minetrix in one of his videos, explaining how to buy and profit from its staking-to-mine feature.
To participate in the pre-sale, connect your Web3 wallet to the BTCMTX website so exchange your eth or USDT for BTCMTX tokens. You can also buy directly with your bank card.
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