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bitcoin price has struggled to attract buyers above $35,000, while bitcoin Minetrix pre-sale has gained significant momentum and recently surpassed $3 million. The price quickly rose to $36,000 but quickly retreated. It is common to see minor corrections after rapid increases like this.
Currently trading at approximately $34,720, up 0.19% in the last 24 hours, bitcoin has entered overbought territory. Traders are striving to keep bitcoin price above the crucial resistance level of $35,000.
The stable exponential moving average (EMA) lines and bitcoin‘s attempt to break above the EMA20 provide hope for another upward move. If this level holds, it means a positive trend and the bulls can make another push towards $40,000.
A successful breakout of the expected resistance in the $40,000 region could lead to a return to bitcoin‘s all-time high. However, with the Relative Strength Index (RSI) trading below the midline, sellers may gain an advantage.
If the sellers manage to consistently keep the price below the EMA20, the support level is lost and closes below the $33,000 level could result in a pullback to $32,500 and $31,300. As we approach the bitcoin block reward halving event in April next year, there are expectations of new all-time highs.
bitcoin‘s breakout also opens up opportunities in altcoins as traders look for promising risk-reward prospects in the emerging bull run. bitcoin Minetrix has attracted significant interest from professional traders and investors, as evidenced by the growing support for its pioneering bitcoin cloud mining company.
bitcoin Minetrix Democratizes bitcoin Mining with Mine Staking Mechanism
bitcoin mining plays a crucial role in the functionality of the bitcoin network. bitcoin Minetrix aims to democratize mining, making it an attractive and valuable prospect for serious investors looking for compelling applications.
In addition to this, bitcoin Minetrix’s efforts will improve the overall security and decentralization of the bitcoin network. bitcoin mining has primarily been the domain of those versed in the technology and knowledgeable in the field.
This is because it requires specialized knowledge, significant initial investments, high energy costs and space for noisy mining rigs. For the average retail investor, cloud mining has been the only practical option.
However, retail investors often fall victim to cloud mining scams, leading to a loss of trust in such platforms. bitcoin Minetrix is changing this landscape by allowing people to stake $BTCMTX tokens on its ethereum-based platform to earn bitcoin mining credits.
These credits can be redeemed for cloud mining power, effectively giving them free bitcoin. Only an ethereum-compatible wallet is required to get started, and the $BTCMTX decentralized token eliminates the risk of cloud mining scams.
Additionally, the platform has undergone a smart contract audit, ensuring its commitment to security in the cloud mining space. This use case opens up bitcoin mining to everyone, regardless of experience or financial ability.
Watch the video above to see the full bitcoin Minetrix pre-sale update and subscribe to their Youtube channel for additional crypto-related content. Additionally, Jacob crypto Bury runs a Discord channel with 17,000 members, providing a space for members to access trading information and stay informed about upcoming cryptocurrency pre-sales.
bitcoin Minetrix Pre-Sale Generates Significant Interest as Investors Look for Passive Income Opportunities and Celebrates with $30,000 Minedrop
$BTCMTX is an ERC-20 token with a total supply of 4 billion tokens. Of this offer, 42.5% goes to pre-sales, 35% to marketing efforts, 12.5% to participation and 10% to the network. With over $3.2 million already raised and a rapid pre-sale token sale, bitcoin Minetrix has clearly generated significant interest.
The main source of this enthusiasm lies in $BTCMTX’s potential to offer a simple method of generating passive income. At current staking rates, $BTCMTX holders can achieve an impressive 180% APY simply by staking their tokens, and approximately 231 million $BTCMTX tokens have already been staked.
#BitcoinMinetrix Stage 5 is now available! pic.twitter.com/OIZcFFIUeX
—Bitcoinminetrix (@bitcoinminetrix) November 2, 2023
Each $BTCMTX token is currently priced at $0.0114 in the fifth stage of the pre-sale, which will conclude in the next three days. The pre-sale consists of a total of 20 stages, with a 10% price increase each week, and continues until the funding target is reached or the allocation is completely exhausted.
Once the pre-sale concludes, the next major milestone for bitcoin Minetrix developers will be getting listings on various crypto exchanges. To commemorate its pre-sale event, bitcoin Minetrix is hosting a ‘Minedrop’ with a total value of $30,000 in $BTCMTX tokens.
These tokens will be distributed among ten lucky winners, each of whom will have up to six chances to win. Participating is as easy as completing simple tasks, such as following bitcoin Minetrix social media accounts. To participate in the pre-sale of $BTCMTX, visit bitcoinminetrix.com.
Related
- 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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