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, โBTC 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!โ This indicates a strong bullish sentiment in the market.
Remember the โmassive pullbackโ in BTC in January 2024? Try to see if you can spot it hereโฆ.๐ 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 โ or donโt put yourโฆ
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 โ 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.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.