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bitcoin price has risen 21% in a month to trade at bitcoin/”>$44.1 thousand at 12:07 am EST.
Most investors even anticipate bitcoin-price-prediction-experts-forecast-bullish-trends-calsona-o1vue”>Best Performance in the coming months and bitcoin ETF spot approvals are expected next month.
But QCP, a Singapore-based global digital asset trading company, says Demand for btc spot ETFs may not meet market expectations.
This skepticism sets the stage for a classic “sell the news” scenario in the second week of January, he said. The firm predicts overhead resistance for btc in the $45-$48.5k region, speculating a possible pullback to $36k before the uptrend resumes.
4/ For this reason, we expect overhead resistance for btc in the 45-48.5k region and a possible pullback to 36k levels before the uptrend resumes.
-QCP Capital (@QCPCapital) December 21, 2023
bitcoin Price Prediction: Where is btc Headed?
Looking at the 2-hour btc/USD charts, the 50-period moving average has broken above the 200-period moving average to form a golden cross. This shows buying pressure as bitcoin price heads for an increase in the near term.
The relative strength indicator is moving north as it approaches the overbought region. At the same time, the MACD indicator is also moving towards the green zone, supporting the prospects for a price increase in the near term.
Regarding volatility, the Bollinger Bands are now diverging, showing high levels of volatility in the price of bitcoin. However, these levels are likely to fall soon due to the decline in trading activities that has seen the crypto king's trading volume fall by 22% in the last 24 hours.
1-day btc chart | Fountain: crypto%3ABTCUSD”>TradingView
Meanwhile, with QCP predicting that bitcoin price could fall to $36,000, bitcoin Minetrix token BTCMTX promises much bigger gains. is booming presale has already raised more than $5.7 million.
bitcoin Price Prediction: Should You Choose BTCMTX Over btc?
With its innovative features, bitcoin Minetrix (BTCMTX) is making waves with the successful crypto-presale-quick-guide-getting-ground-floor-new-calsona-mwpve”>presale activity that indicates great interest on the part of investors looking for new opportunities in the market.
BTCMTX features a tokenized cloud mining platform, allowing users to stake BTCMTX on ethereum, creating a paradigm shift in bitcoin mining and making mining more accessible to the average person.
#BitcoinMinetrix incorporates a tokenized cloud mining system, allowing regular users to participate in decentralized operations. $btc mining.
This platform mitigates third-party cloud mining risks and offers full operational autonomy. pic.twitter.com/4jekB8X6lr
—Bitcoinminetrix (@bitcoinminetrix) December 16, 2023
The decentralized nature of BTCMTX prioritizes security, transparency and protection in mining, addressing concerns such as accessibility, fraud and questionable cloud mining practices.
Accessing the BTCMTX The ecosystem is simplified with just one ethereum-compatible wallet like MetaMask. The project features a low upfront cost, easy-to-use user interface, and secure onboarding process, seamlessly integrating token purchases, buy-and-stake features, and earning bitcoin rewards.
road map
BTCMTX has ambitious plans, including public listings, a strong multimedia marketing campaign, and rapid development through partnerships with cloud mining industry heavyweights.
The mine staking contract is critical in BTCMTX's future ventures as it provides a hedge on the price of bitcoin due to continued staking.
The next phase will introduce stake-to-mine mobile and desktop dashboards, bitcoin withdrawals to wallets, and simultaneous conversion of mining credits to hash power, further strengthening BTCMTX's position in the burgeoning cryptocurrency market.
Token purchases are flexible and accept credit card, eth, USDT, or BNB transactions.
The pre-sale and its distinctive characteristics position it as a turning point in the cryptocurrency landscape. Interested participants are encouraged to stay updated on the progress of the initiative.
BTCMTX's user-friendly approach to bitcoin mining positions it as a gateway for people to enter the bitcoin ecosystem.
As pre-sales progress, bitcoin Minetrix continues its path to becoming a leader in the cryptocurrency community. Investors considering potential returns in bitcoin's future price trajectory should also keep bitcoin Minetrix on their radar for potentially explosive growth.
Visit bitcoin Minetrix here.
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