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bitcoin price fell a fraction in the last 24 hours to trade at bitcoin/”>50.9 thousand dollars at 1:30 a.m. EST as the king of cryptocurrencies continues to consolidate.
This comes after former US President Donald Trump appeared to soften his stance on btc, saying that it “has taken on a life of its own” and that he can “live with it.”
“I see more and more people who want to pay in bitcoins,” he added. “And you're seeing something that's interesting.”
That's a big change from a man who back in 2021 said bitcoin “looks like a scam” and could be the next president.
TRUMP SHARES HIS THOUGHTS ON bitcoin
“Well, a lot of people are doing it. I always liked a coin. I call it a coin.
I like the dollar. But a lot of people are doing it and, frankly, it has taken on a life of its own.
You probably have to do some regulation, since… pic.twitter.com/mLrblAQBUi
– Mario Nawfal (@MarioNawfal) February 23, 2024
bitcoin Price Prediction: bitcoin Markets Show Uncertainty
bitcoin price has shown a downward trend in recent days, indicated by an overall drop in candle highs and lows. This has been accompanied by periods of high volatility, as indicated by the long wicks on the green and red candles, suggesting significant buying and selling pressure in the market and uncertainty.
Checking the indicators on the bitcoin chart below, we see that the Money Flow Index (MFI) is currently at 20, generally in the oversold region. This suggests that the asset could be undervalued at this point and there could be potential for a price increase if buyers enter the market.
On the other hand, the value of the average directional index (ADX) is at 24.45. Generally, an ADX value less than 25 indicates a weak or trendless market. However, since it is close to 25, the market may start trending soon or be in the early stages of forming a trend. Analysts, however, are speculating a pullback to as low as $46,000 amid the consolidation. Yakuza told his 21,000 followers on X that there is little chance of that happening.
Is bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin Preparing for another bullish move?
btc price is stuck in a consolidating channel
Currently, there is no clear direction on where it will go next.
There is a small chance that we go back to $46,000, the 0.5 fib level, or the nominal 0.618 retracement… pic.twitter.com/wB9yNfGEvN
– Yakuza (@YakuzaInCrypto) February 23, 2024
bitcoin Price Prediction: Should We Expect Another Breakout Soon?
The formation of a bullish falling wedge, signifying a probable breakout, adds more weight to the prospects of another breakout in the near term. We expect a brief bearish momentum, as evidenced by the last candle, which is bearish, before breaking the wedge resistance.
btc/USD 2-hour chart | Fountain: crypto%3ABTCUSD”>TradingView
Meanwhile, bitcoin Minetrix, a cloud mining project, is presented as a good investment option for investors looking for explosive profits and analysts classify the project among crypto-watch-2024-top-5-cryptocurrencies-high-calsona-f8pve/”>The best pre-sales of 2024.
A good alternative
bitcoin Minetrix combines cloud mining and staking to replace the need for expensive equipment, space, and energy, making bitcoin mining affordable for almost anyone.
Investors can purchase its native token, BTCMTX, and stake it on its platform in exchange for credits that enable bitcoin mining.
Illustrating the distinctions between #BTCMTX and conventional cloud mining.
1⃣ Using ERC-20 #records eliminates transaction requirements.
2⃣ Miners manage their power by accumulating credits through bets.
3⃣ Smart contracts in eth?src=hash&ref_src=twsrc%5Etfw”>#eth streamline security and betting. pic.twitter.com/RlrQRx20RW
—Bitcoinminetrix (@bitcoinminetrix) February 22, 2024
Stake offers an incredible annual yield (APY) of 60% and to investors You can also enter the project's $30,000 mine toss contest and win one of 10 $3,000 prizes. More than 696 million BTCMTX tokens have already been staked.
With analysts bitcoin-price-prediction-experts-forecast-bullish-trends-calsona-o1vue”>anticipating As a surge in bitcoin price in the run-up to the bitcoin halving in April, BTCMTX appears very well positioned to profit in the next bitcoin bull run.
Jacob Bury, a well-known cryptocurrency analyst and YouTuber, says that BTCMTX has the potential to be the next 10x winner upon its debut.
He bitcoin Minetrix (BTCMTX) has already raised over $11.3 million in initial fundraising and is quickly approaching its goal of $12.178 million.
bTCMTX tokens are currently priced at $0.0136, but to acquire them at that level you need to act soon as the price will increase in about 21 hours.
To participate in the pre-sale, visit BTCMTX official website and exchange your eth or USDT for BTCMTX. You can also use your bank card to make direct purchases.
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
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