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The price of bitcoin is up 4% in the last seven days and is trading at bitcoin/”>$44K starting at 1:45 am EST.
Anticipation for bitcoin ETF approvals is building after exchanges set to list them submitted updated filings.
Revised filings 19b-4 were filed on behalf of Black Rock, Grayscaleand Fidelityamong others, and suggest that exchanges are anticipating its approval.
However, not everyone has adopted the ETF narrative. Dennis Kelleher, CEO of the nonprofit Better Markets, has urged the US Securities and Exchange Commission (SEC) to refrain from approving a spot bitcoin exchange-traded fund (ETF), claiming which contradicts the fundamental principles of the SEC.
In a message to SEC Secretary Vanessa Countryman on Jan. 5, Kelleher said investors are likely to encounter significant risks if the SEC gives the green light to bitcoin ETFs. Approving such investment products would be a “historic mistake,” she said.
The fact that @BetterMarketsa special interest related to @ewarren (who has been caught unethically coordinating softball questions for @GaryGensler), spent significant resources writing this letter (at the last minute) makes me think we can still get difficult. pic.twitter.com/l961Tm5oRx
– Matt Ahlborg (@MattAhlborg) January 5, 2024
bitcoin Price Prediction – Where is btc Headed Currently?
Taking a deeper look at the 1-hour btc/USD charts, the bulls are facing minor resistance at $44,200 as bitcoin price is still range-bound. The Indes relative strength indicator is moving north, suggesting bullish pressure. The MACD indicator has also maintained movement in the green zone, showing bullish dominance.
If bitcoin price breaks out of range to overcome resistance, a price surge is likely amid indications of bullish dominance. The 50-period moving average also surpassed the 200-period moving average to assert bulls' dominance in bitcoin.
bitcoin price volatility levels are currently low, as evidenced by the Bollinger Bands, which are moving closer together. This can be attributed to the decline in trading activities that has seen btc trading volume drop by 41% in the last 24 hours.
btc/USD 1-hour chart | Fountain: crypto%3ABTCUSD”>TradingView
Meanwhile, as bitcoin bulls push to break above the resistance level, bitcoin Minetrix BTCMTX Token Pre-sales are selling out quickly as it nears its goal. The pre-sale has raised more than $7.7 million of the expected $8 million to show the enormous confidence of investors in the project.
bitcoin Price Prediction: Does bitcoin Minetrix Have More Advantages?
bitcoin Minetrix is an innovative cloud mining solution aimed at overcoming the major obstacles that contribute to unnecessary expenses associated with cloud mining.
The project's emphasis on decentralization is aligned to expand the passive income opportunity to a broader audience, including newcomers to the intricate world of blockchain technology. This innovative approach has placed bitcoin Minetrix among the crypto-explode-unveiling-potential-market-shaker-calsona-hmwze/”>Main pre-sales of 2024.
A key focus of bitcoin Minetrix is to make cloud mining more profitable for people interested in participating. Instead of investing in expensive dedicated hardware, users can start the process by staking BTCMTX tokens.
Discovering the advantages of btc?src=hash&ref_src=twsrc%5Etfw”>#btc cloud mining!
Basic simplicity: no technical knowledge needed.
Cost effective: Avoid high electricity and hardware expenses.
Say goodbye to the inconvenience of space, noise and heat.
Don't worry about reselling – let the mining companies take care of the upgrades! pic.twitter.com/enQbatCTpz—Bitcoinminetrix (@bitcoinminetrix) January 6, 2024
Tokenized entry
BTCMTX tokens, currently valued at $0.0127, can be purchased using Ether (eth), Tether (USDT), or a bank card through the project website. Once earned, these tokens are staked and investors receive symbolic rewards.
Investors must burn the gas tokens received to access the project's cloud mining capabilities. This unique approach ensures that participants actively participate in the ecosystem while optimizing reward distribution.
With bitcoin-price-prediction-experts-forecast-bullish-trends-calsona-o1vue”>analysts anticipate a bomb In the bitcoin price after the approval of bitcoin Spot ETFs, investors can receive capital gains and also take advantage of the opportunity to generate passive income in btc.
The impending halving event further contributes to the increasing difficulty of acquiring btc, which could increase its price and generate substantial rewards for bitcoin Minetrix investors.
Potential investors are advised to act promptly as the price of BTCMTX will rise in less than four days. BTCMTX can be conveniently purchased directly from the official website for those attracted by the potential benefits. Don't miss the opportunity to be part of this innovative cloud mining venture.
Visit bitcoin Minetrix here.
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- Staking Rewards: Over 100% APY
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