BTC rises higher, but Bitcoin Minetrix seems ready to explode

bitcoin price shot back up to $35,000 late on Wednesday, briefly topping this level before being rejected back to $34,217. The coin has had a strong performance in the last seven days, increasing its value by more than 20%.

While it was a huge achievement, it seemed like btc couldn’t surpass it, and so far it hasn’t.

The price was rejected, which led him to bitcoin“>33.7 thousand dollars, only for bitcoin to rise again and again and encounter the same resistance. This time, the price was left at $33.2k and throughout Wednesday, btc slowly recovered, limited by several more minor resistances.

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Later that same day, October 25, the price of btc saw a surge that took it to $35,116, officially the coin’s yearly high. btc did not stay above the $35,000 level for long. Instead, it was rejected again at $34.6k, from where it rose to $34.8k.

For almost 18 hours, the coin has been stuck between these two levels, but at the time of writing, bitcoin‘s value has fallen further, breaking the $34,600 resistance, currently situated at $34,217.

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What’s next for bitcoin price?

With bitcoin‘s recent achievements in terms of price action, many optimistic price predictions have emerged. A report says that Santiment blockchain data shows significant growth in merchant trust. As a result, the report suggested that the price of bitcoin could soon rise to $40,000.

Another report says that bitcoin‘s return to the $35,000 mark is a critical indicator that follows the patterns seen in 2020 and suggests a potential rally that could push the coin back to its previous price of $65,000.

Even BitMEX co-founder Arthur Hayes shared his opinion on the matter and said that approving a bitcoin spot ETF would mark the true beginning of the bull market, putting it in full swing.

If that were to happen, another coin that would likely get a big boost is bitcoin Minetrix.

bitcoin Minetrix pre-sale approaches $2.5 million raised

For now, it appears that bitcoin price is struggling with resistance at $35,000, but thanks to its recent surge, the coin has attracted a lot of interest. Some of this rubbed off on another project called bitcoin Minetrix (BTCMTX).

The project offers a completely decentralized and transparent cloud mining platform, unlike many of its predecessors, which ended up being fraudulent platforms.

bitcoin Minetrix allows users to purchase its token, BTCMTX, stake it and receive credits, allowing them to mine btc without expensive equipment or a huge electricity bill.

Since one of the project’s goals is to restore users’ faith in cloud mining, it ensures that its platform will always be completely decentralized and that token holders will always be in charge of their funds.

So far, the pre-sale has raised $2.35 million, selling the token for $0.0112. However, in two days, the price of the token will rise again, so this is the last time to buy it before this happens.

Related

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

<img class="inContentProviderSingle–img float-right" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="bitcoin Minetrix” width=”125″ height=”60″ data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2023/10/1698404750_753_BTC-rises-higher-but-Bitcoin-Minetrix-seems-ready-to-explode”https://technicalterrence.com/crypto/bitcoin/”>bitcoin-minetrix.svg”/>bitcoin-minetrix.svg” alt=”bitcoin Minetrix” width=”125″ height=”60″/>