Bitcoin Price Breaks $52,000 Resistance, Targets $65,000
Currently, the Bitcoin price is trading at $52,229, and analysts are optimistic about the future. Glassnode co-founders, Jan Happel and Yann Allemann, predict that Bitcoin could reach as high as $65,000 due to FOMO (fear of missing out) after it crossed $52,000.
- BTC price rose by a fraction of a percent in the last 24 hours.
- Happel and Allemann predict BTC could soar to $65,000.
According to their tweet, “BTC has left the building! Or more correctly, has taken off in a big way! Next, we see at $58,000 before $65,000. ATHs here we come! The big BTC bull continues!” This indicates a strong bullish sentiment in the market.
Remember the “massive pullback” in BTC in January 2024? Try to see if you can spot it here….😉 BTC now close to surpassing the level from the intro of BTC ETF.
Major rallies are accompanied by large pullbacks. That is simply the name of the game! Embrace it – or don’t put your…
Bitcoin Price Breaks Resistance Levels
The Bitcoin price has broken above the cup and handle pattern, indicating a bullish trend aiming to surpass its all-time high (ATH) of $69,000.
BTC/USDT Analysis by Tradingview shows the cup and handle pattern supporting the anticipated bull rally. Technical indicators display bullish momentum with the 50-day and 200-day simple moving averages (SMAs) providing immediate price support, signaling an upward movement.
- 50-day and 200-day SMAs provide immediate price support.
- RSI trending above the overbought level of 70 at 82, indicating intense buying pressure.
Bitcoin Price Targets New ATH At $80,000
Bulls have shown resilience, pushing the price back above the $50,000 level. The cup and handle pattern signals a bullish trend with an aim to reach a new ATH of $80,000 in the coming weeks. Investors with an appetite for higher risk might want to consider Bitcoin derivative BTCMTX in anticipation of its launch.
Promising Cloud Mining Project – Bitcoin Minetrix
Bitcoin Minetrix aims to make Bitcoin cloud mining cheaper and more secure through decentralization. It offers access to cloud mining at a low entry compared to other platforms, enabling investors to earn BTC through its stake-to-mine feature.
- BTCMTX token holders must stake tokens to earn credits as rewards.
- Staking the BTCMTX tokens earns a lucrative 62% annual return.
- Participate in the $30,000 minedrop airdrop competition.
Get BTCMTX For 10X Gains, Presale Closes On $11 Million
Bitcoin analyst and YouTuber Jacob Bury believes BTCMTX has the potential for 10X gains on launch. With $10.98 million already raised, the project races towards its $11.85 million target, indicating strong demand for the tokens.
Interested investors can buy the tokens via the BTCMTX official website by swapping ETH or USDT.
- Currently priced at $0.0135 each.
- Presale closes on $11 million target.
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