Join our Telegram channel to stay up to date on breaking news coverage
bitcoin price is up 6% in the last 24 hours to trade at $47,059 as of 9:50 am EST.
Amid this surge, crypto analyst InvestAnsweryes says btc price could skyrocket 190% in the next 165 days, while Bernstein analysts said btc price will explode to a new all-time high in the $70,000 range by the end of the year.
bitcoin price prediction
Looking at the 30-minute btc/USD charts, we notice the Alligator indicator, which consists of three smoothed moving averages designed to identify the presence and direction of a trend. On the chart, these moving averages are unfolding in an upward direction, suggesting that the trend is bullish and there could be momentum behind the price increase.
The average directional index (ADX) is at 56.91, which is relatively high. An ADX value above 25 typically indicates a strong trend, supporting the idea that the current trend is strong.
In line with this, Elja on
𝐂𝐡𝐢𝐧𝐞𝐬𝐞 𝐍𝐞𝐰 𝐸
Historically, bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin pumps an average of 11% during Chinese New Year.
But there is one more thing that most people don't talk about.
The Chinese New Year will also be hugely beneficial for tokens that have a… pic.twitter.com/5HQ9Yx6enM– Elja (@Eljaboom) February 9, 2024
bitcoin Price Prediction: What are the chances of a correction?
On the other hand, the Relative Strength Index (RVGI), an oscillator that compares bitcoin's closing price to its price range and provides a smoothed calculation used to anticipate trend changes, shows the green line below the line. red, indicating bearish momentum.
We also see a recent bullish trend in the price of bitcoin, with a series of green (bullish) candles leading up to the last candle, which is red (bearish). This could also indicate a slight pullback or consolidation after a strong bullish move.
btc/USD 30-minute chart | Fountain: crypto%3ABTCUSD”>TradingView
Meanwhile, the new bitcoin Minetrix cloud mining project is taking center stage as one of the crypto-presales-2024-unveiling-most-anticipated-calsona-gxcce/”>best pre-sales in 2024.
A better alternative?
By combining cloud mining with staking, bitcoin Minetrix It eliminates the need for expensive mining equipment, making bitcoin mining more affordable and accessible to almost everyone.
Presenting #BitcoinMinetrix: Your gateway to simplification bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin mining!
With tokenized cloud mining platform, anyone can mine $btc securely and transparently.
Say goodbye to third-party scams and take control of your mining journey. pic.twitter.com/b9fZpDbDMH
—Bitcoinminetrix (@bitcoinminetrix) February 8, 2024
By using bitcoin Minetrix's mining staking feature, users can exercise complete control over every aspect of their cloud mining. You can participate in decentralized bitcoin mining using the cloud mining credits you earn by staking your BTCMTX tokens. This eliminates the danger of fraud related to the use of cloud mining services provided by third parties.
Staking BTCMTX is another passive way that can be used to generate money on the website with arprofitability of 64% annually currently. More than 653 million tokens have been staked so far.
You can also enter the Minedrop contest, which offers $3,000 prizes to 10 lucky winners.
#BitcoinMinetrix $30,000 Minedrop Now Available!
Get ready for your chance to win a share of $30,000 in $BTCMTX!
Follow the steps in the link below for your chance to win one of ten $3000 $BTCMTX Awards!
https://t.co/v1UKskxi4Y pic.twitter.com/nseOBTNO9N—Bitcoinminetrix (@bitcoinminetrix) October 5, 2023
Jacob Bury, a cryptocurrency specialist and YouTuber with 27,000 subscribers, backed the project and said it has the potential to grow 10x at launch.
Furthermore, with analysts anticipating As bitcoin price surges ahead of the halving event in April, bitcoin Minetrix is very well positioned to capitalize.
It has already raised more than $10.5 million in its pre-sale as it moves toward its goal of $11.2 million.
BTCMTX tokens cost $0.0133 right now, but a price increase will occur in less than 15 hours. Therefore, interested investors should act quickly to get the lowest price before it is too late. BTCMTX tokens can be purchased using a variety of currencies, including USDT and eth, as well as bank cards.
Visit bitcoin Minetrix here.
Related news
- Audited by Coinsult
- Secure and decentralized cloud mining
- Earn free bitcoin daily
- Native Token on Pre-Sale Now – BTCMTX
- Staking Rewards: Over 50% APY
Join our Telegram channel to stay up to date on breaking news coverage
