Bitcoin Price Prediction: While Arthur Hayes predicts the market capitalization of BTC and cryptocurrencies will skyrocket to $1.3 trillion in 2024, this Bitcoin derivative is skyrocketing toward $9 million

bitcoin price is up 0.5% in the last 24 hours eth/pools/0x4585fe77225b41b697c938b018e2ac67ac5a20c0/”>trading at $42,675 at 5:05 a.m. EST, with daily trading volume increasing 14% to $25 billion.

This rise coincides with Arthur Hayes saying that the market capitalization of btc and the broader crypto market combined will skyrocket by $1.3 trillion in 2024.

hayes said on a blog those bitcoin spot ETFs will create new trading opportunities.

“bitcoin markets will now experience a consistent and long-lasting arbitrage opportunity,” Hayes said.

However, Hayes has a bearish outlook on bitcoin in the short term and expects its price to undergo a 30% correction to a low of $38,000 before the next leg higher.

bitcoin price continues uptrend within ascending channel

bitcoin price continues the uptrend within the accumulation stage as the price recovers after a bounce at the lower boundary of the ascending channel.

If the momentum sustains, the price could surpass the $49,000 resistance level and reach new highs.

bitcoin Price Indicators Remain Bullish, Bulls Eye New High Above $49000

bitcoin price indicators remain bullish as the price trades above the 50-day and 200-day simple moving averages (SMA), with a golden cross at the pivotal $28,500 level, affirming bullish momentum.

The Relative Strength Index (RSI) is trading above the neutral 50 level. Continued momentum could take the RSI to the overbought level of 70.

A sustained effort may break the $49,000 barrier, allowing the bulls to push the price higher, targeting higher levels.

However, the bears could intervene to push the price down. In this case, bitcoin price could fall below the ascending channel, forcing the bulls to retreat to the $38,000 level.

Meanwhile, as traders look for a clear signal on btc's direction, they may want to diversify into BTCMTX, given its potential to generate lucrative returns.

bitcoin Minetrix (BTCMTX) Pre-Sale Secures Over $8.6 Million, Buy Fast

The final phase of bitcoin Minetrix (BTCMTX) The pre-sale is closing with financing of more than $8.6 million secured.

The project is racing to reach the goal of $9.5 million in the next three days. Currently, the price per token of BTCMTX is $0.0129.

Great achievement for #BitcoinMinetrix!

Exceeding the $8,600,000 milestone! pic.twitter.com/r3i9wdtSbg

—Bitcoinminetrix (@bitcoinminetrix) January 17, 2024

bitcoin Minetrix is a decentralized platform for tokenized cloud mining, allowing ordinary people to participate in bitcoin (btc) mining through the mining staking feature.

To mine on the BTCMTX platform, you need an ethereum-compatible wallet like MetaMask to purchase and stake BTCMTX tokens.

Embarking on a new era of cloud mining with #BitcoinMinetrix!

Users win #BTCMTX stake credits, control your mining power.

ethereum smart contracts provide decentralized and automatically managed allocations for a secure experience. pic.twitter.com/m2QaOlXNlZ

—Bitcoinminetrix (@bitcoinminetrix) January 16, 2024

Get BTCMTX Now, Join the $30,000 Minedrop Competition

You have the opportunity to join the $30,000 mine throwing airdrop competition. The reward will be distributed among ten lucky winners. Additionally, you can also bet your chips and earn rewards determined by your participation in the betting pool and a 75% annual return percentage. More than 555 million tokens have already been staked.

picking out #BitcoinMinetrix For mining simplicity!

Embrace worry-free mining with cloud solutions, eliminating the need to worry about selling equipment.

With #BTCMTX By monitoring updates, users can focus on their $btc Travel without the headaches of outdated hardware. pic.twitter.com/Qtg4kLNCi4

—Bitcoinminetrix (@bitcoinminetrix) January 15, 2024

Alessandro De crypto, a crypto analyst on YouTube, offers a clear guide on how to buy BTCMTX and increase profits using its staking feature for mining.

https://www.youtube.com/watch?v=gjmC2GJqroI

To join the pre-sale, 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.

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New crypto mining platform: bitcoin Minetrix

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• 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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