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bitcoin price fell 0.5% in the last 24 hours bitcoin“>listed at $46,169 EST, with trading volume falling 17% to $43 billion.
The declines come as ARK Invest CEO Cathie Wood upgrades her forecast for the btc price. It now says it could reach $1.5 million by 2030, a 50% increase from its previous prediction of $1 million.
Updated 2030 bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin price prediction:
Cathie Wood, CEO of ARK Invest
Bearish case: $250,000
Base case: $600,000
Bull case: $1.5 millionBig: pic.twitter.com/GjsY67i8Nj
– Altcoin Daily (@AltcoinDailyio) January 11, 2024
Wood became even more optimistic due to the approval of spot bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC).
After a decade of attempts, the SEC finally granted approval to 11 btc ETFs on Wednesday. Wood described the SEC's decision as a “green light” for the cryptocurrency market.
bitcoin price pulls back, will bulls be able to maintain momentum?
After bitcoin price successfully broke the upper limit of the bullish pennant, the bulls were able to catapult prices higher, covering the distance $49,000.
However, traders expected the price to go down because when the price breaks above the pennant and covers distance X upwards, it always goes down to the point of breaking before taking off again.
This may be temporary as it may allow the bulls to regroup at this point to catapult the price above the high of $49,000.
bitcoin Price Prediction: btc Indicators Remain Bullish
btc indicators remain bullish, with the price holding above the 50-day and 200-day simple moving averages (SMA).
The Relative Strength Index (RSI) has seen a brief drop to 61, but is still trading above the mid-level of 50, indicating that the bullish momentum is still continuing.
The bullish pennant still indicates that the bulls have a chance to push the price higher as bullish investors focus on reaching a higher level above the $49,000 mark.
If the bears maintain the momentum, the price could reach the $45,000 level, erasing the gains made at distance X.
While traders wait for a bullish signal to add more positions, investors looking to diversify their portfolios are buying BTCMTX. This bitcoin derivative promises to build on the success of bitcoin, offering early investors a potential 100x return on investment.
bitcoin Minetrix pre-sale exceeds $8 million, 4 days before entering the final stage
He bitcoin Minetrix (BTCMTX) The pre-sale is nearing its final stage and has already generated more than $8.2 million of its $9.1 million goal. Investors are rushing to lock in the remaining portion at $0.0128 per token before the price rises to $0.0129.
He #Phoenix Group reaches a $187 million deal with @BITMAINtech for bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin mining machines, following its recent initial public offering and partnerships.
What is your opinion on his strategic moves?#BitcoinMinetrix also achieves another milestone and surpasses $8,200,000! pic.twitter.com/zoLvO5vxw6
—Bitcoinminetrix (@bitcoinminetrix) January 11, 2024
Buy BTCMTX, Stake and Join the $30,000 Minedrop Competition
bitcoin Minetrix is a decentralized tokenized cloud mining platform that allows everyday people to participate in bitcoin (btc) mining. Through its staking to extract feature, investors who purchase in the pre-sale earn passive income.
Exploring safety and security with #BitcoinMinetrix! #BTCMTX guarantees the security of the fund with negotiable securities owned by the user #records.
Conventional cloud mining – requires cash deposits. pic.twitter.com/LGbwxbJHck
—Bitcoinminetrix (@bitcoinminetrix) January 10, 2024
bitcoin Minetrix users only need an ethereum-compatible wallet like MetaMask to purchase and store BTCMTX tokens. Staking BTCMTX produces non-tradable ERC-20 token credits, which must be burned to acquire btc cloud mining power.
When you stake your BTCMTX tokens, you are guaranteed an annual percentage yield (APY) of 82%.
Additionally, you can join the $30,000 Mine Drop Airdrop Competition for a chance to win a $3,000 reward.
Alessandro De crypto, a crypto analyst and YouTuber with over 12,000 subscribers, introduced BTCMTX in one of his videos. Shares valuable insights into acquiring bitcoin Minetrix and optimizing returns through its mine staking feature.
https://www.youtube.com/watch?v=gjmC2GJqroI
To participate in the pre-sale, simply visit the BTCMTX websiteConnect your digital wallet to exchange your eth or USDT for BTCMTX tokens, or purchase directly with your bank card.
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