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The price of bitcoin has plummeted 0.8% in the last 24 hours to trade at bitcoin/”>$43.6 thousand starting at 2:00 am EST.
bitcoin Price Outlook: Technical Analysis
An in-depth analysis of the 1-hour btc/USD charts reveals a fight between bulls and bears. This is evident in the Relative Strength Index indicator, which is moving north, suggesting bullish action. On the other hand, the MACD indicator moves in the red zone showing bearish perspectives..
This shows uncertainty over bitcoin price as it moves within the range, leaving open the prospects of a breakout on both sides.
btc/USD 1-hour charts | Fountain: crypto%3ABTCUSD”>TradingView
In line with this, Arthur Hayes, former CEO of BitMEX, predicted a 20-30% drop after a rally. In a blog post, Hayes said he was preparing for a cruel defeat of all crypto tourists in March of this year. He loaded up on cryptocurrency in the second half of 2023 and says he won't buy bitcoin again until after the March bust.
Meanwhile, as the price of bitcoin falls, bitcoin Minetrix Token BTCMTX Presale shows no signs of slowing down as more investors join the project. The pre-sale has so far raised more than $7.6 million.
bitcoin Price Prediction: Should You Also Invest in bitcoin Minetrix?
bitcoin Minetrix, an innovative cloud mining effort, aims to simplify the mining experience for everyday investors. His innovative approach has garnered significant attention, propelling him into the spotlight as one of the crypto-list-top-upcoming-cryptocurrencies-invest-calsona-9m74e”>top pre-sales of 2024.
Do you understand the process of #CloudMining for $btc?
Cloud mining allows participation in bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin mining without the need to own or supervise equipment.
Eliminating initial hardware costs.
Requires only fundamental technological skills. pic.twitter.com/KVZy17uV2R—Bitcoinminetrix (@bitcoinminetrix) January 5, 2024
To participate in the mining opportunities provided by bitcoin Minetrix, investors must acquire and hold BTCMTX tokens. This different methodology guarantees passive bitcoin earnings by securing cloud mining time or a portion of the earnings by utilizing these credits.
Even those with limited investing experience can jump in effortlessly, thanks to the platform's intuitive and easy-to-use design. bitcoin Minetrix is committed to democratizing bitcoin mining, welcoming even novice investors.
A bitcoin Bull Run?
In anticipation of the upcoming rise in bitcoin price, bitcoin Minetrix seeks to empower a broader audience while also positioning itself as a lucrative investment option.
BTCMTX's prospects are bolstered by the upcoming halving event, scheduled for April, which has made it an alternative investment option for bitcoin even amid bitcoin-price-prediction-experts-forecast-bullish-trends-calsona-o1vue”>Analysts' optimistic projections. for the btc price.
To distinguish itself from its competitors, bitcoin Minetrix employs a tokenized cloud mining technique, which offers unparalleled flexibility. Unlike platforms with extended commitments, investors on this platform can withdraw and exchange tokens as they see fit.
Analysts, including YouTuber Jacob Bury, recognize bitcoin Minetrix's unique selling proposition and predict a potential 10x surge following launch.
So, with the price of bitcoin anticipated to be headed for a bull run this year, bitcoin Minetrix could well be a great way to play it.
Get your BTCMTX tokens here before they run out.
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