Bitcoin Price Prediction: Glassnode sees BTC soaring to $65,000 in FOMO as experts say consider this BTC cloud mining project for 100x profits.

adminFebruary 17, 2024

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Over the past 24 hours, the price of Bitcoin has risen by less than 1%. Traded for $52,229 8:15 AM EST.

However, analysts remain optimistic about the king of cryptocurrencies. Glassnode co-founders Jan Happel and Yann Allemann say Bitcoin (BTC) could surge to $65,000 amid FOMO (fear of missing out) after BTC price breached $52,000.

“BTC has left the building,” they tweeted under the pseudonym Negentropic. “To be more precise, it was a huge success! Next, let’s look at $58,000 before $65,000. ATH is here! The big BTC bull continues.”

Remember the “massive drop.” #BTC January 2024?
See if you can find it here… .😉 BTC has now surpassed levels since the introduction of the BTC ETF.
Major rallies are accompanied by large declines. That’s the name of the game!
Accept it – or your… pic.twitter.com/ZPjhaMlHlW
— 𝗡Service𝗴्त्त्त 𝗽ت𝗰 (@Negentropic_) February 12, 2024

Bitcoin price is expected to break above the $52,000 resistance and surpass $69,000 ATH.

Bitcoin price has broken out of a cup and handle pattern as bulls aim to break the all-time high of $69,000.

bitcoin price

BTC/USDT Analysis by Tradingview

The cup and handle pattern above supports the expected bullish rally in Bitcoin price beyond its all-time high of $69,000. The price broke above the cup neckline, which signaled traders to add more long positions.

Technical indicators are generally bullish. The 50-day and 200-day simple moving averages (SMAs) provide immediate price support, giving bulls a platform to push prices higher. Additionally, the SMA shows a golden cross at $29,000, confirming the momentum.

The relative strength index (RSI) is trending from 82 to overbought level of 70, indicating strong buying pressure on the Bitcoin price.

MACD is trading above a neutral position with the blue line crossing the orange signal line. A positive histogram trading above a neutral position confirms a bullish rally ahead.

Bitcoin price targets new ATH of $80,000.

The bulls showed resilience, pushing the price back above the $50,000 level and forming a handle part of the pattern after a brief correction by the bears.

Buyers are now taking advantage of the cup and handle pattern, signaling a bullish trend as Bitcoin price aims to reach an all-time high of $80,000 in the coming weeks. This is a 55% increase over current prices, or a cup depth increase.

Even amidst the bullish outlook for Bitcoin, investors who prefer higher risk may want to consider Bitcoin derivatives with greater upside potential that match their risk profile. BTCMTX is one such project.

A promising cloud mining project that could potentially yield 100x profits

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welcome to #Bitcoin Metrics: Entrance to streamlined shape #Bitcoin mining! 🚀⛏️
Experience tokenized cloud mining. $BTC Anyone can access mining safely and transparently.
Say goodbye to third-party scams and take control of your mining adventure! 🌐🔒 pic.twitter.com/QesqsnccFi
— Bitcoinminetrix Service Team (@bitcoinminetSTM) February 13, 2024

BTCMTX token holders must stake their tokens to earn credits as rewards, which they then burn through the stake-to-mine feature. By staking BTCMTX tokens, you can earn profitable returns of 62% per annum.

Investors who purchase and hold BTCMTX tokens can also participate. $30,000 Mind Drop Airdrop ContestTen lucky winners will each win up to $3,000.

Win BTCMTX for 10x profit, presale closes at $11 million

Crypto analyst and YouTuber Jacob Bury says BTCMTX has 10x potential once it launches.

The potential is clearly visible in the way investors are purchasing BTCMTX tokens, with $10.98 million already raised as it races towards its target of $11.85 million.

The price of BTCMTX tokens is currently $0.0135 each, but with an increase expected within 4 days, now is the time for interested investors to act to secure the lowest price.

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