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bitcoin price has risen a fraction in the last 24 hours to trade at $64,225 at 06:50 am EST.
However, trading volume has fallen by 7%, amid widespread pessimism in the market. Despite the lull in the market, bitcoiners and cryptocurrency enthusiasts remain strong in the market as some anticipate a parabolic bullish move.
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twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin Getting ready for the next parabolic climb! pic.twitter.com/IRvzMNqcrZ
— Mr. crypto (@misterrcrypto) twitter.com/misterrcrypto/status/1783808238317969914?ref_src=twsrc%5Etfw”>April 26, 2024
crypto Tony, a popular trader and analyst, says that bitcoin still has some upside potential left despite the recent all-time high of $73,777.
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New highs for twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin It's inevitable in my opinion. I can't see how that was the top.
– crypto Tony (@CryptoTony__) twitter.com/CryptoTony__/status/1783768980186095663?ref_src=twsrc%5Etfw”>April 26, 2024
Elsewhere, cryptocurrency market watchers are baffled by the epic sell-off of the “Buy bitcoin” sign displayed behind Janet Yellen in congressional testimony in 2017. Based on Bloomberg report, the sign sold for $1 million in an auction held by Scarce City on PubKey. Pubkey is a bitcoin-themed bar in New York City.
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A yellow notepad with “Buy bitcoin” scrawled on it (the kind that will run you $8.99 for a three-pack on amazon) just sold for $1.027 million during an auction. https://t.co/HXT5HFeYId
– Bloomberg Markets (@markets) twitter.com/markets/status/1783279161743667549?ref_src=twsrc%5Etfw”>April 24, 2024
The online auction reportedly came shortly after the price of bitcoin hit an all-time high. According to the auction house that facilitated the deal, Sparse CityThis is a record amount for the auction platform.
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And this is a summary of one of the most ICONIC pieces of bitcoin history.
We made a little of our own history… find out the official news https://t.co/rNz9DWL5WE record. pic.twitter.com/3ixQmEHbd0
– Scarce City (@scarcedotcity) twitter.com/scarcedotcity/status/1783276861159829875?ref_src=twsrc%5Etfw”>April 24, 2024
The individual who photographed Janet Yellen holding the “Buy bitcoin” sign seven years ago received 16 btc (over $1 million) from Justin, aka Squirrekkywrath.
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Congratulations to Justin, aka Squirrekkywrath, winner of the twitter.com/hashtag/BitcoinSignGuy?src=hash&ref_src=twsrc%5Etfw”>#BitcoinSignGuy auction for 16 twitter.com/hashtag/btc?src=hash&ref_src=twsrc%5Etfw”>#btc. twitter.com/tpacchia?ref_src=twsrc%5Etfw”>@tpacchia Get this man a whale! pic.twitter.com/DPpczcEzkJ
— PUBKEY (@PubKey_NYC) twitter.com/PubKey_NYC/status/1783275932058296353?ref_src=twsrc%5Etfw”>April 24, 2024
According to Galaxy's head of research, Alex Thorn, the new owner of the yellow pad is a “bitcoin OG that no one has heard of.” Christian Langalis, who had held the sign in 2017, told CoinDesk that proceeds from the auction will go towards funding a bitcoin layer 2 startup called Tirrel Corp.
This company is developing a bitcoin Lightning network wallet on Urbit. Langalis had been escorted out of the building for violating committee rules.
bitcoin Price Outlook as Markets Head into the Weekend
bitcoin price is in a difficult situation, caught between an area of strong bearish activity at the top and strong bullish activity at the bottom. To get out of here, bitcoin price needs a catalyst to push it north. Some say this could be Hong Kong exchange-traded fund (ETF) trading, which is expected to begin on Monday.
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Generally what happens when the market looks like this is…
—Kyle Chassé (@kyle_chasse) twitter.com/kyle_chasse/status/1783782919623823575?ref_src=twsrc%5Etfw”>April 26, 2024
Further bullish momentum could see bitcoin price extend north, surpassing the immediate resistance at $65,596. A strong move above this level could see the btc price rise, to levels above the psychological level of $68,000, effectively escaping the area of enormous bearish activity, represented by the large spikes in the volume profile (gray).
A decisive move above $69,032 would attract more bulls, which could send bitcoin price above the $70,000 threshold. In a highly bullish case, btc could extend its highest neck, clearing the block of $71,311 while reaching its all-time high of $73,777, recorded on March 13.
However, investors looking to take long positions in btc should expect a decisive move of the Relative Strength Index (RSI) above the mid-50 level. This would be reinforced by a reversal of the Moving Average Convergence Divergence ( MACD) to positive. territory, with the MACD line above the signal line suggesting an incoming bullish cycle.
<img decoding="async" class="aligncenter wp-image-512713 size-full" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="bitcoin price” width=”1273″ height=”540″ data-lazy-srcset=”https://technicalterrence.com/wp-content/uploads/2024/04/Bitcoin-Price-Prediction-As-the-Buy-Bitcoin-Sign-Behind-Janet.png 1273w, https://insidebitcoins.com/wp-content/uploads/2024/04/BTCUSDT_2024-04-26_13-45-34-300×127.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/04/BTCUSDT_2024-04-26_13-45-34-1024×434.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/04/BTCUSDT_2024-04-26_13-45-34-768×326.png 768w” data-lazy-sizes=”(max-width: 1273px) 100vw, 1273px” data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2024/04/Bitcoin-Price-Prediction-As-the-Buy-Bitcoin-Sign-Behind-Janet.png”/><img decoding="async" class="aligncenter wp-image-512713 size-full" src="https://technicalterrence.com/wp-content/uploads/2024/04/Bitcoin-Price-Prediction-As-the-Buy-Bitcoin-Sign-Behind-Janet.png" alt="bitcoin price” width=”1273″ height=”540″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/04/Bitcoin-Price-Prediction-As-the-Buy-Bitcoin-Sign-Behind-Janet.png 1273w, https://insidebitcoins.com/wp-content/uploads/2024/04/BTCUSDT_2024-04-26_13-45-34-300×127.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/04/BTCUSDT_2024-04-26_13-45-34-1024×434.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/04/BTCUSDT_2024-04-26_13-45-34-768×326.png 768w” sizes=”(max-width: 1273px) 100vw, 1273px”/>
x/l9bQyJxa/” target=”_blank” rel=”noopener”>TradingView: btc/USDT 12-hour chart
Reverse case
On the other hand, if the bearish volume profile holds as resistance around $66,613, bitcoin price could fall. Bearish momentum surpassing bullish effort emerging around the yellow peaks of the volume profile could send bitcoin price below the $62,000 base.
In a severe case, the price of bitcoin could fall into the liquidity pool that extends from $60,660 to around $59,005, acting as a magnet for the price before a market equilibrium can be achieved. In particular, when liquidity is not raised, there is price instability until such orders are executed.
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twitter.com/hashtag/btc?src=hash&ref_src=twsrc%5Etfw”>#btc
bitcoin continues to reject the $65600 resistance (black) after failing to claim it as support
bitcoin has been producing downsides in this $60600 (green) liquidity pool for several weeks.
If bitcoin continues to fall, there is a chance that the price… https://t.co/yjyhFqFKuB pic.twitter.com/CNwxP4GvTq
-Rekt Capital (@rektcapital) twitter.com/rektcapital/status/1783489912999645450?ref_src=twsrc%5Etfw”>April 25, 2024
As bitcoin plots its next move, investors could consider BTCMTX, a bitcoin derivative that has less than two days left before its pre-sale closes.
Promising alternative to bitcoin
BTCMTX is a mining participation project listed among analysts crypto-invest-our-top-picks-massive-gains-calsona-rujqe” target=”_blank” rel=”noopener”>Best Options to Invest in the Next 100X Cryptocurrency with Potential for Massive Profits. It is the symbol of the bitcoin Minetrix ecosystem, a cloud mining project that makes bitcoin ownership attainable even for ordinary people.
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Introducing the concept of twitter.com/hashtag/CloudMining?src=hash&ref_src=twsrc%5Etfw”>#CloudMining for $btc
Cloud mining allows people to participate in twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin mine without the hassle of owning or managing the hardware themselves.
Exploring the benefits:
No initial hardware costs.
Requires only basic technical knowledge. pic.twitter.com/0rke3tRJ5l
—Bitcoinminetrix (@bitcoinminetrix) twitter.com/bitcoinminetrix/status/1783405639693115852?ref_src=twsrc%5Etfw”>April 25, 2024
bitcoin Minetrix challenges the traditional way of mining btc, offering benefits including profitability and ease of use and navigation, thus ensuring you avoid stressors such as noise and heat.
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twitter.com/hashtag/BTCMTX?src=hash&ref_src=twsrc%5Etfw”>#BTCMTX offers a reliable cloud mining solution for everyone.
Past concerns about expensive hardware and deceptive cloud mining schemes have deterred many from joining this field.
This decentralized method guarantees transparency and a safe mining journey. pic.twitter.com/UbqrgH2GMh
—Bitcoinminetrix (@bitcoinminetrix) twitter.com/bitcoinminetrix/status/1783043253366837729?ref_src=twsrc%5Etfw”>April 24, 2024
The mechanism that supports this added value is cloud mining, a unique approach that decentralizes and tokenizes the entire process for maximum user convenience.
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Simplifying your twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin mining trip with twitter.com/hashtag/BitcoinMinetrix?src=hash&ref_src=twsrc%5Etfw”>#BitcoinMinetrix!
Discover a tokenized cloud mining platform designed for everyone.
Mine safely and openly twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc With a decentralized strategy! pic.twitter.com/NCwAZVh6Ud
—Bitcoinminetrix (@bitcoinminetrix) twitter.com/bitcoinminetrix/status/1783164127457808398?ref_src=twsrc%5Etfw”>April 24, 2024
So far, pre-sale sales have reached $13.38 million.
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twitter.com/hashtag/BTCMTX?src=hash&ref_src=twsrc%5Etfw”>#BTCMTX Advertisement!
The final stage of twitter.com/hashtag/BitcoinMinetrix?src=hash&ref_src=twsrc%5Etfw”>#BitcoinMinetrix It will end on April 28 at 12 pm UTC!
Followed by the claiming event scheduled for April 30 at 10 pm UTC!
Mark your calendars to make sure you don't miss these important dates! pic.twitter.com/s8RSTqlj6I
—Bitcoinminetrix (@bitcoinminetrix) twitter.com/bitcoinminetrix/status/1782427947640508812?ref_src=twsrc%5Etfw”>April 22, 2024
BTCMTX tokens are available for $0.0148 each, and the claim event is scheduled for April 30. If you are interested, buy now before it's too late.
Visit and buy bitcoin Minetrix here.
Also read:
- Audited by Coinsult
- Secure and decentralized cloud mining
- Earn free bitcoin daily
- Native Token in Pre-Sale Now – BTCMTX
- Staking Rewards: Over 50% APY
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