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bitcoin price rose 3% in the last 24 hours bitcoin/”>trading at $44,572 At 12:43 a.m. EST, trading volume increased 38% to $23 billion.
This comes when cryptanalyst Ali Martínez pointed out that the number of btc whales that are increasing their assets The accumulation has reached a multi-month high of 73.
These individuals own more than 1,000 tokens, totaling around $44 million.
bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin whales are accumulating more $btc! Around 73 new whales now home to 1,000 btc?src=hash&ref_src=twsrc%5Etfw”>#btc or more, which represents an increase of 3.66% in two weeks. pic.twitter.com/VFArJYTQZl
—Ali (@ali_charts) February 7, 2024
This helped btc surpass $44,000 for the first time since January 12.
bitcoin Price Breaks Above the Upper Boundary of the Ascending Triangle
bitcoin price has recently been in an uptrend, as evidenced by the formation of the margin phase, before the price consolidated around $42,800.
The consolidation phase has resulted in equal highs and higher lows, which has resulted in price compression. This has led to the formation of the ascending triangle, which has resulted in a break above the $43,850 resistance level.
btc price is trading above the 50-day and 200-day simple moving averages, indicating bullish momentum. The moving average crossover is at the $42,870 level, indicating that the price may rise further.
Furthermore, the btc fear and greed index is at the greed level of 66, which may be an indication that investors are feeling confident about the current btc rally.
The Relative Strength Index is currently above the overbought region of 70 at 73, indicating intense buying, affirming the current bullish momentum.
<img decoding="async" class="alignnone size-full wp-image-478955" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="bitcoin price ” width=”1281″ height=”555″ data-lazy-srcset=”https://technicalterrence.com/wp-content/uploads/2024/02/1707397761_892_Bitcoin-Price-Prediction-BTC-Surpasses-44000-as-BTC-Whales-Hit.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-08_08-44-42-300×130.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-08_08-44-42-1024×444.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-08_08-44-42-768×333.png 768w” data-lazy-sizes=”(max-width: 1281px) 100vw, 1281px” data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2024/02/1707397761_892_Bitcoin-Price-Prediction-BTC-Surpasses-44000-as-BTC-Whales-Hit.png”/><img decoding="async" class="alignnone size-full wp-image-478955" src="https://technicalterrence.com/wp-content/uploads/2024/02/1707397761_892_Bitcoin-Price-Prediction-BTC-Surpasses-44000-as-BTC-Whales-Hit.png" alt="bitcoin price ” width=”1281″ height=”555″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/02/1707397761_892_Bitcoin-Price-Prediction-BTC-Surpasses-44000-as-BTC-Whales-Hit.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-08_08-44-42-300×130.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-08_08-44-42-1024×444.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-08_08-44-42-768×333.png 768w” sizes=”(max-width: 1281px) 100vw, 1281px”/>
Furthermore, the Moving Average Convergence Divergence (MACD) line (blue) is placed above the signal line (orange), indicating an uptrend for btc price and also the best time to buy.
The histogram shows green upward bars, further strengthening the bullish outlook for btc price.
Furthermore, the average directional index (ADX) is still below 20 in 18, showing a slightly weak trend. However, the ADX is moving north which may surpass the 25 level, indicating that the btc price is rising.
bitcoin price prediction
Current long-term bitcoin price technical analysis indicates that btc is in an uptrend, as confirmed by the price breakout above the ascending triangle pattern.
The RSI is trading above the overbought region of 70, indicating a possible price correction to create more positions for the bulls. In such a scenario, $40,259 acts as the best support zone. This could be a base that allows the bulls to push the price to its previous high of $49,000.
Meanwhile, as bitcoin bulls wait for clearer directional signals, analysts say bitcoin Minetrix is emerging as a compelling bitcoin alternative to buy now with a 10x potential at launch.
BTCMTX Secures $10.4 Million – Best bitcoin Alternative to Buy Now
The bitcoin Minetrix (BTCMTX) The pre-sale has secured over $10.4 million in advance funding as it moves toward its $11.2 million goal.
The countdown to the end of Stage 24 of #BitcoinMinetrix is on – only 3 days left!
what sets #SO C and #GPU Mining apart? pic.twitter.com/zIZa14S4Ss
—Bitcoinminetrix (@bitcoinminetrix) February 7, 2024
Historically, bitcoin mining has been complex and resource-demanding, requiring specialized hardware and technical proficiency.
bitcoin Minetrix represents an innovative project that uses decentralized cloud mining to democratize the accessibility of crypto mining. Participating in the bitcoin Minetrix pre-sale offers the opportunity to participate in bitcoin mining regardless of your experience, and at the same time earn rewards.
Explore the different risk factors among #BitcoinMinetrix and Traditional Mining in the Cloud! #BTCMTX: Flexible, user-managed withdrawal and sale.
Traditional: No refunds, fixed contracts.#CryptoComparison #MiningInnovation pic.twitter.com/W2pnuOk8dG
—Bitcoinminetrix (@bitcoinminetrix) February 7, 2024
To join the pre-sale, you can purchase BTCMTX tokens at a rate of $0.0133 per token. But that price will increase in less than two days, so now is the best time to buy.
Join BTCMTX, Bet, 10x Returns
bitcoin Minetrix presents stake to mine, allowing you to easily stake BTCMTX tokens for an impressive 64% Annual Percentage Yield (APY). By staking BTCMTX you will also earn tradable ERC-20 token credits, which are burned in exchange for btc cloud mining power.
Furthermore, participating in purchases and betting automatically places you as a contender in the $30,000 mine throwing contest. Ten winners will be selected from all entries and each will receive a $3,000 prize.
#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
YouTube cryptocurrency analyst Jacob Bury says BTCMTX has the potential to rise 10x after launch.
To participate in the pre-sale, visit the official website of BTCMTX and exchange your eth or USDT for BTCMTX. You can also make purchases directly with your bank card.
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