Bitcoin Price Prediction: As Bitwise says, the BTC ETF opens up 80% of the world’s wealth to Bitcoin, and this Bitcoin halving play has surpassed $8.6 million.

adminJanuary 16, 2024

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Bitcoin price rose 0.5% in the last 24 hours. Traded for $42,765 As of 6:05 a.m. EST, trading volume was up 5% to $20.2 billion.

The rise comes as Bitwise Chief Investment Officer Matt Hougan said the Bitcoin ETF opens up 80% of the world’s wealth to Bitcoin.

In a recent interview with cryptocurrency-focused YouTube channel The Defiant, Hougan suggested that the market had anticipated the ETF’s approval, as evidenced by the largely sideways price action since its launch last week.

According to Hougan, historically individual investors with relatively small wealth in the United States have been the main drivers of Bitcoin’s price.

However, with the introduction of the spot market BTC ETF, significant amounts of wealth may now begin to flow into the leading digital asset on a market cap basis.

Bitcoin price signals a bullish trend reversal within an ascending channel.

Bitcoin price chart analysis. Source: GeckoTerminal.com — BTCUSD chart analysis. Source: GeckoTerminal.com

Bitcoin price indicates a bullish trend reversal within the accumulation phase, with the price rebounding from the lower boundary of the rising channel. The bulls may be gearing up to push the price above the $49,000 threshold.

Technical indicators remain bullish with BTC price trading above the 50-day and 200-day simple moving averages (SMA), confirming the bullish momentum with a golden cross at the pivotal level of $28,500.

The Relative Strength Index (RSI) indicates a bounce above the 50 midline level. With a little push, RSI could bounce back and reach the overbought level of 70.

Bitcoin price rises, ready to return above $49,000

A rebound from the lower limit allowed bulls to recover last week’s losses as they target levels above the $49,000 resistance.

Continued efforts could push BTC price higher by breaking the $49,000 barrier, with bullish investors targeting higher levels above $50,000.

Meanwhile, purchasing BTCMTX may be an investment you might want to consider to diversify your cryptocurrency portfolio.

BTCMTX pre-sale final phase approaches with 3 hour limit

Bitcoin Minetrix (BTCMTX) The pre-sale project has already secured more than $8.6 million in funding as it nears its final stages before launch. BTCMTX tokens are selling for $0.0129.

As the April halving approaches, mining costs are expected to soar.@RiotBlockchain, @TeraWulfIncand @CleanSpark_Inc You’re in a good position, but what are your thoughts on how other miners will adapt? 🚀⛏️
on the other side, #Bitcoin Metrics We have now raised over $8,400,000! 📣 pic.twitter.com/BwdYTOkrWF
— Bitcoin Minetrix (@bitcoinminetrix) January 15, 2024

Bitcoin Minetrix is a decentralized platform for tokenized cloud mining that allows ordinary individuals to participate in Bitcoin (BTC) mining. You can earn passive income by providing access to stake-mining features to investors who purchase pre-sales.

Mining on the BTCMTX platform requires an Ethereum-compatible wallet like MetaMask where you can purchase and store BTCMTX tokens, which simplifies the process.

Explore safety and security #Bitcoin Metrics! 🔒#BTCMTX User-owned transactions ensure the security of your funds. #token.
Traditional cloud mining: A cash deposit is required. pic.twitter.com/LGbwxbJHck
— Bitcoin Minetrix (@bitcoinminetrix) January 10, 2024

Buy BTCMTX now and earn rewards and passive income

For a limited time, you can purchase BTCMTX and get a chance to participate in the $30,000 Minddrop airdrop contest. Here, 10 lucky winners can win $3,000.

When you earn tokens, you have the opportunity to: By staking it you can get a guaranteed annual percentage return (APY) of 77%..

Staked tokens may also generate non-tradable ERC-20 token credits that must be burned to gain BTC cloud mining power.

choosing #Bitcoin Metrics For mining simplicity! 💡
Embrace worry-free mining with cloud solutions so you don’t have to worry about selling your equipment.
with #BTCMTX Overseeing upgrades allows users to focus on their own work. $BTC Travel without worrying about old hardware. ⛏️ pic.twitter.com/Qtg4kLNCi4
— Bitcoin Minetrix (@bitcoinminetrix) January 15, 2024

Alessandro De Crypto, a YouTube cryptocurrency analyst with over 12,000 subscribers, provides clear instructions on how to buy Bitcoin Minetrix. He also highlights how to use the stake-to-mine feature to increase your profits.

To participate in the pre-sale BTCMTX website, connect your digital wallet and exchange ETH or USDT for BTCMTX tokens. You can also make direct purchases using your bank card.