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bitcoin price rose 2% in the last 24 hoursbitcoin/”> listed at $65,994 at 03:10 am EST on trading volume which increased 12% to $24.8 billion.
This comes as bitcoin transaction fees plummeted after hitting an all-time high of $128 on April 20. Yesterday, average fees for medium priority bitcoin transactions had fallen to $10.
The introduction of the Runes protocol to the bitcoin network on halving day initially caused a sharp increase in transaction fees, but they quickly normalized.
This protocol has fundamentally transformed the dynamics of token creation on the bitcoin network, facilitating the flourishing of meme coins. This caused a significant increase in network activity and consequently an increase in transaction fees.
bitcoin Price to Recover Above Ascending Triangle
bitcoin price has been in a consolidation channel, trading between the $72,000 and $64,000 range. However, over the past two weeks, btc has been trending lower, ending with support around $60,000.
The support has allowed the bulls to push the price higher, retesting the $65,786 barrier. This has seen the token trade within an ascending triangle pattern as the bulls aim to push the price above the upper boundary of the triangle.
btc is trading above the 50-day SMA, a confirmation of the price's upside potential. If the momentum holds, bitcoin could surpass the 200-day SMA launched at $67,120, which would set bitcoin up for even bigger price moves.
Furthermore, the Relative Strength Index (RSI) is trading on an upward trajectory towards the overbought region of 70 at 61. The upward movement of the RSI on the 4-hour chart indicates intense buying pressure, which is likely to push the price higher still. further.
bitcoin price prediction
bitcoin price analysis indicates that btc is currently on an upward trajectory above the ascending triangle pattern, with a target of $72,000. The RSI shooting towards the overbought region shows continued investor optimism, which is likely to push the price to even higher positions.
However, the 50-day SMA is crossing below the 200-day SMA, forming a death cross at $67,550. The presence of a death cross often means that there may be an incoming downtrend.
Meanwhile, as the price of bitcoin soars, investors are moving to buy $BTCMTX, which has less than a week before pre-sales end after raising $13.23 million.
bitcoin Minetrix Offers Latest Buying Chance After $13 Million Raise
bitcoin Minterix (BTCMTX) deploys ethereum smart contracts to offer investors higher returns by providing an easy path to cloud mining. Investors can access cloud mining with minimal cost, allowing them to avoid the complex and resource-intensive nature of the activity.
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Exploring cloud mining with twitter.com/hashtag/BitcoinMinetrix?src=hash&ref_src=twsrc%5Etfw”>#BitcoinMinetrix offers a simple route to the twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto world:
Easy access for newcomers.
Economical, no hardware configurations needed.
Don't worry about space, noise or temperature.
Smooth and hassle-free updates. pic.twitter.com/y1T9V2o6OS
—Bitcoinminetrix (@bitcoinminetrix) twitter.com/bitcoinminetrix/status/1782076893656744107?ref_src=twsrc%5Etfw”>April 21, 2024
The pre-sale of the project will be extended until April 28 at 12:00 UTC. The claim will be made thereafter on April 30 at 10:00 UTC.
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The final stage of twitter.com/hashtag/BitcoinMinetrix?src=hash&ref_src=twsrc%5Etfw”>#BitcoinMinetrix It's coming to an end soon! twitter.com/hashtag/BTCMTX?src=hash&ref_src=twsrc%5Etfw”>#BTCMTX offers an easy and reliable cloud mining solution for twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto users.
What effects do you think the recent twitter.com/hashtag/BitcoinHalving?src=hash&ref_src=twsrc%5Etfw”>#bitcoin Halving will bring to crypto and twitter.com/hashtag/CloudMining?src=hash&ref_src=twsrc%5Etfw”>#CloudMining industry in the near future? pic.twitter.com/j7wzrFAyuj
—Bitcoinminetrix (@bitcoinminetrix) twitter.com/bitcoinminetrix/status/1782001377213845942?ref_src=twsrc%5Etfw”>April 21, 2024
The platform has a staking feature that offers an annual return of 53%. Staking $BTCMTX automatically earns tradable ERC-20 token credits. The credits are then burned, after which you receive cloud mining credits, which represent the hashing power.
According to Cryptonews, a cryptocurrency YouTube channel, $BTCMTX has the potential to surge 20x upon launch.
Meanwhile, investors have less than three days left to purchase $BTCMTX tokens at $0.0148 each. So buy now if you are interested before the price increases.
To participate in the pre-sale, visit the official BTCMTX website here and exchange your eth or USDT for BTCMTX. You can also make purchases directly with a bank card.
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