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bitcoin price up a fraction of a percent in the last 24 hoursbitcoin“> trading at $52,229 starting at 8:15 am EST.
But analysts remain optimistic about the king of cryptocurrencies. Jan Happel and Yann Allemann, the co-founders of Glassnode, say bitcoin (btc) could skyrocket as high as $65,000 amid FOMO (fear of missing out) after the btc price surpassed $52,000.
“btc has left the building,” they tweeted under the pseudonym Negentropic. “Or more correctly, it has taken off in a big way! Below we see $58,000 before $65,000. ATH here we come! The big btc bull continues.”
Remember the “massive rollback” in btc?src=hash&ref_src=twsrc%5Etfw”>#btc in January 2024?
Try to see if you can see it here… btc is now close to breaking above the level since the introduction of the btc ETF.
Big rallies are accompanied by big pullbacks. That's simply the name of the game!
Accept it, or don't put your… pic.twitter.com/ZPjhaMlHlW— 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰 (@Negentropic_) February 12, 2024
bitcoin Price Breaks Over $52,000 Resistance and Set to Overtake $69,000 ATH
bitcoin price has broken out of the cup and handle pattern as bulls aim to surpass the all-time high of $69,000.
<img decoding="async" class="alignnone wp-image-481363 size-full" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="bitcoin price” width=”1623″ height=”697″ data-lazy-srcset=”https://technicalterrence.com/wp-content/uploads/2024/02/Bitcoin-Price-Prediction-Glassnode-Sees-BTC-Soar-To-65000-On.png 1623w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-16_16-55-17-300×129.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-16_16-55-17-1024×440.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-16_16-55-17-768×330.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-16_16-55-17-1536×660.png 1536w” data-lazy-sizes=”(max-width: 1623px) 100vw, 1623px” data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2024/02/Bitcoin-Price-Prediction-Glassnode-Sees-BTC-Soar-To-65000-On.png”/><img decoding="async" class="alignnone wp-image-481363 size-full" src="https://technicalterrence.com/wp-content/uploads/2024/02/Bitcoin-Price-Prediction-Glassnode-Sees-BTC-Soar-To-65000-On.png" alt="bitcoin price” width=”1623″ height=”697″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/02/Bitcoin-Price-Prediction-Glassnode-Sees-BTC-Soar-To-65000-On.png 1623w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-16_16-55-17-300×129.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-16_16-55-17-1024×440.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-16_16-55-17-768×330.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-16_16-55-17-1536×660.png 1536w” sizes=”(max-width: 1623px) 100vw, 1623px”/>
btc/USDT Analysis by Tradingview
The above cup and handle pattern supports the anticipated bullish rally beyond the bitcoin price all-time high of $69000. The price crossed above the cup neckline, signaling traders to add more buy positions.
Technical indicators are generally bullish. The 50-day and 200-day simple moving averages (SMA) provide immediate price support, giving bulls the launching pad to drive prices higher. Furthermore, the SMAs indicate a golden cross at $29,000, affirming the momentum.
The Relative Strength Index (RSI) is trending above the overbought level of 70 to 82, indicating intense buying pressure on the bitcoin price.
The MACD is trading above the neutral position, with the blue line crossing the orange signal line. The positive histogram, trading above the neutral position, confirms the upcoming bullish rally.
bitcoin Price Targets New ATH of $80,000
The bulls have shown resistance, pushing the price back above the $50,000 level and forming part of the pattern after a brief correction by the bears.
Buyers are now capitalizing on the cup and handle pattern, indicating an uptrend as bitcoin price aims to reach a new all-time high of $80,000 in the coming weeks. This is equivalent to an increase of 55% compared to its current price, an increase equivalent to the depth of the cup.
Even amid the bullish outlook for bitcoin, investors with a higher risk appetite might want to consider a bitcoin derivative that is primed to ride its coattails, just with greater upside potential to match the risk profile. BTCMTX is one of those projects.
A promising cloud mining project with potential 100x profits
bitcoin Minetrix aims to make bitcoin cloud mining cheaper and more secure through decentralization. The platform offers access to cloud mining at a low price compared to other cloud mining platforms and allows investors to earn btc through its mining staking feature.
welcome to #BitcoinMinetrix: Your entry to simplification bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin mining!
Experience tokenized cloud mining, making $btc mining accessible to everyone in a safe and transparent way.
Say goodbye to third-party scams and take control of your mining adventure! pic.twitter.com/QesqsnccFi
— Bitcoinminetrix Service Team (@bitcoinminetSTM) February 13, 2024
BTCMTX token holders must stake the tokens to earn credits as rewards, which they must then burn through the staking feature to mine. Staking BTCMTX tokens earns a lucrative 62% annual return.
Investors who purchase and hold BTCMTX tokens can also participate in the $30,000 Mine Throwing Airdrop Contestin which ten lucky winners each win up to $3,000.
Get BTCMTX for 10x Profit, Pre-Sale Closes at $11 Million
crypto analyst and YouTuber Jacob Bury says BTCMTX has the potential to grow 10x at launch.
The potential is clearly seen in the way investors are acquiring BTCMTX tokens, with $10.98 million already raised as it moves towards its goal of $11.85 million.
BTCMTX tokens are currently priced at $0.0135 each, but, with an increase in less than four days, now is the time for interested investors to act to secure the lowest price.
You can buy the tokens through the official website of BTCMTX exchanging eth or USDT. You can also use a bank card.
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