The Bitcoin price rose 2.5% in the last 24 hours
The Bitcoin price surged to $51,443 with a trading volume that reached $40 billion. The price increase took place after the price of Bitcoin surged 19% in the last week. As a result, Skybridge founder Anthony Scaramucci says that it is not too late to buy Bitcoin.
Bitcoin Price Breaks Above The Bullish Pennant
This month, the price of Bitcoin experienced a significant surge following a period of consolidation, during which the price stabilized around $40,000. BTC has now breached the upper boundary of the bullish pennant pattern, signaling a continuation of the bullish trend. BTC price is also trading above both the 50-day and 200-day Simple Moving Averages (SMAs), with the Relative Strength Index trending upwards at 72.
Bitcoin Price Prediction
The RSI is trading above 70, indicating a possible correction of the price to create more positions for the bulls. If such a scenario happens, the price could retrace back to $48,317, a footing that will allow the bulls to rally the price to a new high at $56,000. The bullish trend in Bitcoin’s price is positively influencing Bitcoin Minetrix (BTCMTX), a BTC derivative that’s experiencing exponential growth in its presale.
BTCMTX Secures $10.8 Million – Best Alternative to Bitcoin To Buy Now For 10X Returns
Bitcoin Minetrix is a decentralized cryptocurrency project designed to fix the problems of high hardware costs and deceptive scams associated with Bitcoin mining. The Bitcoin Minetrix presale has already raised over $10.8 million in early funding as it moves towards its $11.5 million target. BTCMTX tokens are currently priced at $0.0133, but the price will increase in less than one day, offering a quick gain if you buy now.
Buy And Stake BTCMTX, Win $30K Minedrop
You can buy and stake your BTCMTX tokens and receive a high annual percentage yield (APY) of 63%. Over 665 million tokens have already been staked. Taking part in the platform’s buying and staking process automatically makes you a contender in the $30,000 minedrop competition. Jacob Bury, a YouTube crypto analyst, says that BTCMTX has the potential to go 10X after launch. To take part in the presale, visit the BTCMTX official website and swap your ETH or USDT for BTCMTX.
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.