Bitcoin Price Prediction: BTC surges 6% to surpass $47,000 as this Bitcoin derivative surpasses $10.5 million.

adminFebruary 9, 2024

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The price of Bitcoin has risen 6% over the past 24 hours, trading at $47,059 as of 9:50 a.m. ET.

Amid this surge, cryptocurrency analysts investment answerS BTC price could surge 190% over the next 165 days, analysts at Bernstein said BTC price could explode to new all-time highs in the $70,000 range by the end of the year.

Bitcoin price prediction

If you look at the 30-minute BTC/USD chart, you will see the Alligator indicator, which consists of three smooth moving averages designed to identify the presence and direction of a trend. On the chart, these moving averages are spreading in an upward direction, which indicates that the trend is upward and there may be upward price momentum.

The average directional index (ADX) is relatively high at 56.91. ADX values above 25 usually indicate a strong trend and support the idea that the current trend is strong.

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Bitcoin Price Prediction: How Likely is a Correction?

On the other hand, the Relative Vigor Index (RVGI), an oscillator that compares Bitcoin closing prices to price ranges and provides a smoothing calculation used to predict trend changes, displays a green line below the red line. Bearish momentum.

You can also see the recent upward trend in the price of Bitcoin, with a series of green (bullish) candlesticks leading to red (bearish) candlesticks. It can also indicate a slight decline or sideways move after a strong uptrend.

30-minute BTC/USD chart | Source: TradingView

Meanwhile, Bitcoin Minetrix, a new cloud mining project, is attracting attention as one of the cloud mining projects. Best presales of 2024.

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By combining cloud mining and staking, Bitcoin Minetrix It does not require expensive mining equipment, making Bitcoin mining more affordable and accessible to almost everyone.

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Bitcoin Minetrix’s stake-to-mine functionality gives users complete control over all aspects of cloud mining. You can participate in decentralized Bitcoin mining using cloud mining credits earned by staking BTCMTX tokens. This eliminates the risk of fraud associated with using cloud mining services provided by third parties.

BTCMTX staking is another passive method you can use to earn money from cryptocurrency. website with arIt is currently generating 64% annual returns. Over 653 million tokens have been staked so far.

You can also enter the Minedrop contest, which will give away $3,000 to 10 lucky winners.

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Jacob Bury, a cryptocurrency expert and YouTuber with 27,000 subscribers, endorsed the project, saying it has 10x the potential once it launches.

Additionally, with analysts looking forward to With the price of Bitcoin surging ahead of the April halving event, Bitcoin Minetrix is well-positioned to capitalize.

It has already raised more than $10.5 million in pre-sales, reaching its $11.2 million goal.

The price of BTCMTX token is currently $0.0133, but a price increase is expected within 15 hours. Therefore, interested investors must move quickly to get the lowest price before it is too late. BTCMTX tokens can be purchased using various currencies, including USDT, ETH, and bank cards.

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