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bitcoin Cash (BCH) has maintained its upward trajectory this week, with its bitcoin-cash”>price rises to $235reflecting a 0.2% increase in the last 24 hours as of 11:09 am EST.
Furthermore, BCH has seen a significant increase in trading activity in the last 24 hours, with its trading volume reaching $433 million, representing an increase of 43%.
BCH Price Breaks Bullish Pennant
BCH/USD indicates a downward trend, taking its value to a critical support level of $180. This support level has proven its strength through bearish attempts to push the price below it.
This support level also acts as a springboard, giving bulls rear wings to push prices higher.
Furthermore, the price surpassed the bullish pennant, confirming the bullish momentum. The bulls are taking control, breaking out of the falling wedge pattern.
Adding to the bullish outlook sentiment is the analysis of the 50-day and 200-day simple daily moving averages, which reveal a significant SMA crossover at $121.
Despite encountering resistance, these moving averages continue to maintain bullish sentiment. Both the 50-day and 200-day moving average are trading below the price of $204 and $176. The 200-day moving average has played a crucial role in offering support to the BCH price, providing a solid foundation for the bulls.
Furthermore, the 50-day moving average is trading below the price, confirming the bullish momentum, surpassing the $235 mark and targeting the previous resistance of $335.
The Relative Strength Index (RSI) has recovered from its neutral position of 50, trending up at 67 and inching closer to the overbought region of 70.
This indicates intense buying pressure, increasing the possibility of the RSI entering overbought territory.
BCH is bullish, confirming this sentiment as the candles trade above the 50-day SMA. The key levels to watch are $255 and $335, respectively.
On the contrary, if the resistance level of $230 remains resistant, the bears could take advantage of this opportunity and push the price to the 50-day SMA at $205, where the bulls will regroup to push the price higher aggressively.
BTCMTX is transforming the mining sector with its ERC-20 mining staking tokens, generating significant investor interest and a substantial increase in pre-sale funding.
BTCMTX Pre-Sale Exceeds $150,000, Mine Stake ERC-20 Tokens
This project introduces the pioneering concept of ERC-20 mining stake tokens to revolutionize cloud mining. BTCMTX enables secure and efficient bitcoin mining without owning or managing any mining infrastructure.
BTCMTX Presale The phase has already raised $155,444 of its stated goal of $3,080,000, with tokens available at a discounted price of $0.011 per token during this phase.
Additionally, by purchasing and staking BTCMTX tokens, you can earn cloud mining credits, represented as ERC-20 tokens, which can be redeemed for bitcoin cloud mining power, giving you control over your assets.
welcome to #BitcoinMinetrix!
Decentralized $btc Simplified mining. We are revolutionizing cloud mining with $BTCMTX tokens, guaranteeing security and transparency.
Making it easier than ever. pic.twitter.com/iZPJN5GO8O
—Bitcoinminetrix (@bitcoinminetrix) September 26, 2023
BTCMTX Staking offers a unique opportunity for cryptocurrency enthusiasts as it offers an accessible entry point to mining, eliminates the need for expensive equipment, and requires no technical expertise.
With the impressive annual report of BTCMTX 9394% staking reward, investors can potentially enjoy significant returns. By staking BTCMTX, you earn non-tradable ERC-20 mining credits, which can be redeemed for allocated mining time, resulting in a share of the mining revenue.
Unlocking the world of $btc with #BitcoinMinetrix!
Cloud mining offers an easy path to crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto:
Easy entry for beginners
Cost effective without hardware expenses
No space, noise or heat problems
Hassle-free updates pic.twitter.com/Zbavgoraey—Bitcoinminetrix (@bitcoinminetrix) September 27, 2023
BTCMTX also prioritizes security, employs non-tradable ERC-20 mining credits, and operates on a decentralized platform to improve protection against potential scams.
bitcoin Minetrix Tokenomics (BTCMTX)
At the time of writing, over 4 million BTCMTX tokens are already staked at this rate, making early adoption advisable to maximize this attractive rate of return, which may decrease as more tokens are staked.
The bitcoin Minetrix team has allocated 42.5% (1.7 billion) of the 4 billion tokens allocated for bitcoin mining, 35% (1.4 billion) for marketing, 15% ( 600 million) for community rewards and 7.5% (300 million) for stakes. rewards.
Prominent crypto YouTuber crypto Zeus, with over 66,000 subscribers, has endorsed BTCMTX as a top-tier crypto investment with 100x growth potential.
Don’t be left out. You can visit the bitcoin Minetrix official websiteconnect your Metamask or Wallet Connect wallet and acquire BTCMTX using eth or USDT.
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