Join our Telegram channel to stay up to date on breaking news coverage
bitcoin price soared 4.8% in the last 24 hours bitcoin“>trading at $41,875 at 12:05 am EST on trading volume which increased by 102% to $21 billion.
This comes as crypto analyst Jason Pizzino, with 307,000 YouTube subscribers, says that after bitcoin hits $49,000 in the second half of this year, btc and other cryptocurrencies will “go ballistic,” along with the S&P 500, NASDAQ and real estate prices.
“And then we really have to get serious about where we start to make profits,” he added.
bitcoin Price Set to Reclaim Previous High Above Falling Wedge Pattern
<img decoding="async" class="alignnone size-full wp-image-475625" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="bitcoin price” width=”1600″ height=”688″ data-lazy-srcset=”https://technicalterrence.com/wp-content/uploads/2024/01/Bitcoin-Price-Prediction-Top-Analyst-Says-BTC-Will-39Go-Ballistic39.png 1600w, https://insidebitcoins.com/wp-content/uploads/2024/01/IMG_6730-300×129.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/01/IMG_6730-1024×440.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/01/IMG_6730-768×330.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/01/IMG_6730-1536×660.png 1536w” data-lazy-sizes=”(max-width: 1600px) 100vw, 1600px” data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2024/01/Bitcoin-Price-Prediction-Top-Analyst-Says-BTC-Will-39Go-Ballistic39.png”/><img decoding="async" class="alignnone size-full wp-image-475625" src="https://technicalterrence.com/wp-content/uploads/2024/01/Bitcoin-Price-Prediction-Top-Analyst-Says-BTC-Will-39Go-Ballistic39.png" alt="bitcoin price” width=”1600″ height=”688″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/01/Bitcoin-Price-Prediction-Top-Analyst-Says-BTC-Will-39Go-Ballistic39.png 1600w, https://insidebitcoins.com/wp-content/uploads/2024/01/IMG_6730-300×129.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/01/IMG_6730-1024×440.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/01/IMG_6730-768×330.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/01/IMG_6730-1536×660.png 1536w” sizes=”(max-width: 1600px) 100vw, 1600px”/>
bitcoin price is showing signs of a bullish rally as it breaks out of a falling wedge pattern. The bulls found support at the upper boundary of the wedge at $39950, bouncing quickly, causing an increase in price.
Despite the bullish move, the bulls still face a hurdle with the support at the 200 simple moving average (SMA), but the 50 SMA on the 4-hour chart supports bitcoin price trading at $40,762.
The Relative Strength Index (RSI) indicates a bounce from the oversold region of 30, surpassing the mid-level of 50 to 65. If the bullish movement continues, it could push the RSI to the overbought zone, confirming the rally.
bitcoin Price Prediction: Bulls Target $49,000 Zone
The falling wedge pattern has given bullish traders a small boost to break above the 50 SMA as the price aims to break the $44,690 resistance, which could confirm a bullish rally in the coming weeks as traders anticipate a recovery from the previous high of $49,102.
However, many investors are turning to bitcoin Minetrix to diversify their portfolio and earn lucrative returns as the token approaches $10 million in funds raised.
BTCMTX pre-sale secures $9.5 million and is approaching $10 million goal
The bitcoin Minetrix (BTCMTX) The pre-sale has already secured over $9.5 million as it moves towards its Target of $10.3 million with less than four days until a price increase.
You can buy BTCMTX tokens at the current price of $0.0131 before it increases in the next stage.
#BitcoinMinetrix He has successfully raised over $9,400,000! pic.twitter.com/4jFDiFu5wJ
—Bitcoinminetrix (@bitcoinminetrix) January 26, 2024
Stake-to-mine, earn passive income
The bitcoin Minetrix cloud mining platform has been designed to give users full control over their mining activities through its stake to mine functionality. When you stake your BTCMTX tokens, you earn cloud mining credits that allow you to participate in decentralized bitcoin mining and protect yourself from scams from third-party cloud mining platforms.
Exploring the advantages of #BitcoinMinetrix:
Comfortable and easy access.
Improved efficiency with an optimized cost structure.
Enjoy peace of mind, free from worries about resale value.Knowing the benefits is key! #bitcoin Mining #MiningEfficiency pic.twitter.com/tBCVjFELBO
—Bitcoinminetrix (@bitcoinminetrix) January 25, 2024
Additionally, the platform offers the opportunity to earn passive income. through betting with BTCMTX. Bets will get rewards in the betting pool and an annual salary return of 71%. Currently, more than 598 million tokens have already been staked.
Participate in the Minedrop Airdrop contest
Purchasing BTCMTX tokens allows you to participate in the Minedrop Airdrop Competitionwhich offers the opportunity to compete for a $30,000 prize pool, where you could be one of ten lucky winners to receive a $3,000 reward.
Conor Kenny, a crypto analyst on YouTube with over 179,000 subscribers, says early entry into the pre-sale will ensure high performance once the token launches on major exchanges.
To join, visit the BTCMTX website, connect your digital wallet and exchange your eth or USDT for BTCMTX tokens. You can also buy directly with your bank card.
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
Join our Telegram channel to stay up to date on breaking news coverage
