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The price of bitcoin has plummeted 1.4% in the last 24 hours bitcoin“>listed at $40,975 As of 11:05 pm EST, daily trading volume increased 9% to $10.8 billion.
This comes as Franklin Templeton CEO Jenny Johnson said she “believes” in bitcoin and sees it as more than just an investment. It is also a safety net in countries with unstable political or economic conditions, she said.
Franklin Templeton manages $1.5 trillion in assets and has launched a bitcoin spot ETF. The demand for bitcoin is evident as it plays an important role in the blockchain world, he said.
He also highlighted the company's initiative to introduce the first mutual fund registered in the US that uses a public blockchain to process transactions and record share ownership.
bitcoin price falls below ascending channel
bitcoin price has fallen below the ascending channel, allowing the bears to apply downward pressure. The bears are in control of the price, pushing it further immediately after it tested the lower boundary of the channel in an attempt to bounce towards a bullish rally.
The price is also trading below the 50-day SMA, coinciding with the lower boundary of the channel. However, the 200-day SMA indicates the likelihood of a bounce, supporting bitcoin price.
The Relative Strength Index (RSI) is trading lower below the mid-level of 50 towards the oversold levels of 30, indicating intense selling pressure.
bitcoin Price Bulls Eye $36,392 Support to Recover and Make a Bullish Rally
Bullish bitcoin traders and investors are considering $36,392 as a safe landing point for bitcoin price. The retest of the lower channel boundary verifies the ongoing downtrend.
If the current momentum holds, the price may fall to $36,392, equivalent to the X distance within the ascending channel.
This level indicates a double bottom pattern, allowing the bulls to push the price higher, anticipating reclaiming the previous high of $49,102.
This continued decline is an excellent opportunity for investors to add more btc to their portfolios. A good option is bitcoin Minetrix, which analysts say will likely offer lucrative investment returns once it launches on exchanges.
bitcoin Minetrix (BTCMTX) Pre-Sale Exceeds $9 Million
He bitcoin Minetrix (BTCMTX) Pre-sales have surpassed the $9 million mark as it heads toward its next goal of $9.9 million.
Starting at stage 21, you have the opportunity to join other investors to acquire BTCMTX tokens at a price of $0.013. There are less than four days left until the pre-sale moves to the next stage and the price increases.
#BitcoinMinetrix Stage 21 has officially begun!
What role do you see? #CloudMining playing in the future bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin mining? pic.twitter.com/XEaz8ZL4Qi
—Bitcoinminetrix (@bitcoinminetrix) January 21, 2024
bitcoin Minetrix is a cloud mining platform that gives users full control over their mining activities, allowing them to participate in decentralized bitcoin mining through mining staking functionality.
The platform also helps ensure that users are not scammed by third-party cloud mining platforms. To mine on the BTCMTX platform, you need an ethereum-compatible wallet like MetaMask to purchase and stake BTCMTX tokens.
Exploring the advantages of btc?src=hash&ref_src=twsrc%5Etfw”>#btc cloud mining!
Beginner Experience: No technical knowledge needed.
Economical: avoid high electricity and hardware costs.
Say goodbye to space limitations, noise and thermal disturbances.
Forget about resale worries! pic.twitter.com/MlwYKwoKLa—Bitcoinminetrix (@bitcoinminetrix) January 13, 2024
He Minedrop Airdrop Competition offers you the chance to compete for a $30,000 prize pool, where you could be one of ten lucky winners to receive a $3,000 reward.
What's more, when you bet your chips, You could also earn rewards in the betting pool and a 73% annual salary return. Currently, more than 574 million tokens have already been staked.
Zach Humphries, a crypto analyst on YouTube with over 123,000 subscribers, explains the benefits of taking advantage of its stake-to-mine feature. He highlights that purchasing pre-sale in advance is the optimal way to reap the benefits.
To purchase BTCMTX tokens and join the pre-sale, visit the BTCMTX website, connect your digital wallet and exchange your eth or USDT for BTCMTX tokens. You can also buy directly with your bank card.
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