Bitcoin Price Prediction: Bitcoin Minetrix surpasses $9 million in pre-sale as CEO Franklin Templeton says he believes in BTC.

adminJanuary 22, 2024

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Bitcoin price fell 1.4% in the last 24 hours. Traded for $40,975 As of 11:05 PM ET, daily trading volume was up 9% to $10.8 billion.

This follows Franklin Templeton CEO Jenny Johnson saying she is a “believer” in Bitcoin and sees it as more than just an investment. “It is also a safety net for countries with unstable political and economic conditions,” she said.

Franklin Templeton manages $1.5 trillion in assets and launched a spot Bitcoin ETF. Because Bitcoin plays such an important role in the blockchain world, the demand for it is clear, she said.

She also highlighted the company’s initiative to go public as the first U.S. registered mutual fund to utilize a public blockchain for processing transactions and recording stock ownership.

Bitcoin price falls below rising channel

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

Bitcoin price has fallen below the rising channel, allowing bears to apply downward pressure. The bears are controlling the price and are pushing the price further right after testing the lower boundary of the channel for a rebound with an upward rally.

The price is also trading below the 50-day simple moving average (SMA), which is in line with the lower limit of the channel. However, the 200-day SMA indicates a possible rebound and supports the Bitcoin price.

The Relative Strength Index (RSI) is trading below the midline of 50 towards the oversold level of 30, indicating heavy selling pressure.

Bitcoin price uptrend target $36,392 to support uptrend rebound

Bitcoin bullish traders and investors are eyeing $36,392 as a safe landing spot for Bitcoin price. Retesting the lower channel limit confirms the ongoing downtrend.

If the current momentum continues, the price could fall to $36,392, which is distance X within the rising channel.

This level indicates a double bottom pattern and we expect the bulls to push the price higher to recover the previous high of $49,102.

This continued decline is an excellent opportunity for investors to add more BTC to their portfolios. One good option is Bitcoin Minetrix. Analysts expect this product to deliver a lucrative return on investment once it hits the exchanges.

Bitcoin Minetrix (BTCMTX) pre-sale exceeds $9 million.

that much Bitcoin Minetrix (BTCMTX) Pre-sales soared past $9 million as we headed towards our next goal of $9.9 million.

Starting from level 21, you have the opportunity to join other investors to win BTCMTX tokens at a price of $0.013. There are less than four days left until the pre-sale moves to the next stage and prices increase.

#Bitcoin Metrics Stage 21 has officially begun! ⏩
What role do you see yourself as? #Cloud Mining play in the future #Bitcoin mining? ⛏️ pic.twitter.com/XEaz8ZL4Qi
— Bitcoin Minetrix (@bitcoinminetrix) January 21, 2024

Bitcoin Minetrix is a cloud mining platform that allows users to engage in decentralized Bitcoin mining through stake-to-mine capabilities, giving users complete control over their mining activities.

The platform also ensures that users are not scammed by third-party cloud mining platforms. To mine on the BTCMTX platform, you will need an Ethereum-compatible wallet like MetaMask to purchase and stake BTCMTX tokens.

Explore the benefits #BTC Cloud Mining!
🚀 Beginner-friendly experience: No technical expertise required.
💸 Budget-friendly: Avoid high electricity and hardware costs.
🌐 Say goodbye to space constraints, noise and heat disturbances.
🔄 Forget about reselling! pic.twitter.com/MlwYKwoKLa
— Bitcoin Minetrix (@bitcoinminetrix) January 13, 2024

that much Mind Drop Airdrop Contest Offering you the opportunity to compete for a prize of $30,000. Here you can be one of 10 lucky winners to win $3,000.

Moreover, if you Stake your tokens, You can also earn rewards from the staking pool, with an annual payout return of 73%. Currently, over 574 million tokens have already been staked.

Zach Humphries, a cryptocurrency analyst on YouTube with over 123,000 subscribers, explains the benefits of utilizing the Staking to Mining feature. He emphasizes that purchasing pre-sale tickets early is the best way to enjoy the benefits.

To purchase BTCMTX tokens and 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.