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bitcoin price has risen 3.7% in the last 24 hours to trade at bitcoin/”>$43.7 thousand starting at 9:30 am EST.
According to CryptoQuant, demand for bitcoin ETFs, the impending bitcoin halving, and expected growth in the broader market could see bitcoin rise to $160,000 in 2024.
bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin bullrun: CryptoQuant analysts see $btc in the medium term at $54,000, at the top of the cycle next year at $160,000. Reasons: eth?src=hash&ref_src=twsrc%5Etfw”>#eth-Exaggeration, halving, topicality. Market cycle, macro outlook, growing stablecoin liquidity https://t.co/yQkwwR4KeL through @coindesk
-AlexanderMittermeier (@AlexMittermeier) December 20, 2023
bitcoin price prediction
Looking at the btc/USD 3-hour charts, the Relative Strength Index indicator is moving north as the entry into the overbought region approaches. This shows increasing buying pressure as the price of bitcoin appears to continue rising in the near term.
The MACD is also moving in the green zone, showing bullish sentiment towards bitcoin. bitcoin price has also broken out of the range, suggesting a bull run in the near term.
The price of bitcoin is volatile, as evidenced by the Bollinger Bands moving away from each other. These levels are likely to remain high as trading activities increase, with trading volume increasing by 2% in the last 24 hours.
1-day btc chart | Fountain: crypto%3ABTCUSD”>TradingView
VanEck CEO predicts bitcoin will hit a new all-time high in the next 12 months, citing next year's halving event as a big catalyst.
VanEck CEO expects new ATH for bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin in the next 12 months!pic.twitter.com/NjHwQpVFlm
– crypto Rover (@rovercrc) December 20, 2023
Meanwhile, as the price of bitcoin is expected to hit new highs amid next year's halving, bitcoin Minetrix's BTCMTX token, currently in presale, is another great investment option with potentially huge profits. The pre-sale has so far raised more than $5.6 million.
bitcoin Price Prediction: Is BTCMTX Another Alternative to bitcoin?
bitcoin Minetrix (BTCMTX) is creating a lot of buzz in the cryptocurrency industry due to its innovative features. The ongoing pre-sale activity indicates strong interest from investors seeking new opportunities in the market.
BTCMTX introduces a tokenized cloud mining platform that allows users to stake BTCMTX on ethereum, transforming the bitcoin mining landscape. Investors are incentivized to participate in mining, making it more accessible to the average individual.
The decentralized nature of BTCMTX emphasizes security, transparency and protection, simplifying the mining process and addressing issues such as accessibility, fraud and suspicious cloud mining techniques.
Accessing the BTCMTX ecosystem is easy with just an ethereum-compatible wallet like MetaMask. The project features minimal upfront cost, easy-to-use interface, and secure onboarding procedure. Purchasing tokens, using the buy and stake functionality, and earning bitcoin incentives are seamlessly integrated.
Exploring the potential of $btc with #BitcoinMinetrix!
Cloud mining provides an accessible gateway to crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto:
Easy entry for beginners.
Cost effective without hardware expenses.
Don't worry about space, noise or heat.
Improvements without complications. pic.twitter.com/yAaOm3Pmng—Bitcoinminetrix (@bitcoinminetrix) December 18, 2023
BTCMTX's ambitious strategy focuses on exchange listings, a strong multimedia marketing campaign, and rapid expansion through collaborations with industry leaders in cloud mining.
The mine participation contract plays a fundamental role in these future projects. This staking feature gives the future price of BTCETF a hedge over the price of bitcoin due to ongoing staking.
The next phase will introduce mobile and desktop stake-to-mine dashboards, bitcoin withdrawals to wallets, and simultaneous conversion of mining credits into hash power. This strategic approach aims to solidify the project's position in the expanding cryptocurrency sector.
Price dynamics and token acquisition
The current price of the BTCMTX token is $0.0123, with a price increase expected in less than two days. Token acquisition is flexible and accepts credit card, eth, USDT, or BNB transactions.
bitcoin Minetrix Presale and the platform's unique features position it as a game-changer in the cryptocurrency field. Potential participants are encouraged to stay informed as the initiative develops.
BTCMTX's user-friendly approach to bitcoin mining positions it as a gateway for many to enter the bitcoin ecosystem. With immense potential for the cryptocurrency sector in this crucial decade, BTCMTX aims to redefine conventional wisdom about bitcoin-centric tokens.
As the pre-sale progresses, bitcoin Minetrix continues its path to becoming a leader in the cryptocurrency community. So, while you're keeping an eye on bitcoin's future price trajectory, remember to check bitcoin Minetrix for potentially explosive profits.
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 100% APY
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