Bitcoin Price Prediction: Analyst Warns of BTC Crash and New Bear Market as Investors Expect Small Pre-Sale for Explosive Profits.

adminDecember 14, 2023

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Bitcoin price has traded down 6% over the past seven days. $41.4K As of 9:00 AM EST.

CryptoCapo, an anonymous analyst, has warned that the bear market for Bitcoin (BTC) and other digital assets is set to resume.

Capo sees potential for a short-term rally before Bitcoin falls sharply to $38,000 as a bear market approaches.

snap | source: Capo’s Telegram Channel

Bitcoin Price Prediction: What Will Happen to Bitcoin?

Looking at 1-hour BTC/USD chart, the 200-point moving average crossed the 50-point moving average, forming a deadcross. This means that the price of Bitcoin is likely to plummet in the short term as selling pressure builds.

The Relative Strength Index indicator is also showing a downward trend, supporting the short-term bullish outlook.

However, MACD is in the green zone and a breakout is possible on either side, showing uncertainty about Bitcoin price in the near term.

Looking at volatility, Bitcoin price is currently facing low volatility as the Bollinger Bands are getting closer to each other. This could be due to a decrease in trading activity, with the cryptocurrency king’s trading volume down 24% in the last 24 hours.

Meanwhile, as Bitcoin price faces uncertainty, Bitcoin Minetrix Presale It’s going from strength to strength, which could appeal to investors looking for stronger upside potential.

It has already generated over $5.2 million in revenue and each BTCMTX token is currently priced at $0.0122.

Bitcoin Price Prediction: Should You Choose BTCMTX Instead?

Bitcoin Minetrix introduces innovative mining methods that could potentially lead to explosive profits upon listing.

The project provides a passive revenue stream by providing cloud mining credits to BTCMTX token holders. Unlike traditional cloud mining, Bitcoin Minetrix uses an on-chain approach to ensure efficiency, transparency, and protect against fraud.

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The project integrates stake-to-mine intelligent contracts to provide users with increased control and security over cloud credits, mining times, and allocations.

This user-friendly and frictionless mining method can significantly increase network hash power, improving decentralization and security. Additionally, by reopening opportunities for small-scale miners, Bitcoin Minetrix aligns with Bitcoin’s original, inclusive intent.

Bitcoin Minetrix It has garnered support from well-known cryptocurrency influencers such as Jacob Crypto Bury and Michael Wrubel. With these influencers supporting the project, Bitcoin Minetrix is gaining traction within the cryptocurrency community.

With Bitcoin alternatives on the rise, Bitcoin Minetrix positions itself as a unique investment opportunity in the ongoing cryptocurrency bull market.

The project’s innovative cloud mining approach, strategic team, and favorable market dynamics make it a noteworthy project.

Poised for the next bull market

With the cryptocurrency community’s acceptance of Bitcoin ETFs and anticipation of the Bitcoin halving expected to boost the price of Bitcoin, projects like Bitcoin Minetrix could be major beneficiaries. . Bitcoin Minetrix emerges as a potential ultimate investment to capture the momentum of the next bull market.

Bitcoin Minetrix’s BTCMTX presale is taking place amid growing enthusiasm for the groundbreaking mining approach.

With influential endorsements, unique investment positioning, and broader market trends, BTCMTX is emerging as a token to watch during this exciting phase of the cryptocurrency bull market. So, as the Bitcoin price faces uncertainty, don’t forget to check Bitcoin Minetrix’s BTCMTX token.

Visit Bitcoin Minetrix here..