Bitcoin (BTC) started the week strong, surpassing the $28,000 resistance level and attempting to break through $28,500. However, bears emerged and caused a correction to $27.65k. Former BitMEX CEO Arthur Hayes shared an optimistic prediction in a recent interview, stating that BTC could reach its all-time high and exceed $70,000 by the end of 2024. He also believes that BTC could soar to anywhere between $750,000 and $1 million by 2026.
The BTC price is currently trading between the $30,000 resistance and the $25,000 support zone within an ascending triangle pattern. Bulls have been aggressive in breaking through the critical $27,500 resistance and could potentially push BTC above $28,500, leading to a surge towards the second resistance level at $31,200.
BTC has maintained a bullish trend above the 50-day moving average and is hovering around the 200-day moving average. The relative strength index (RSI) indicates intense buying pressure, with potential for it to venture into overbought territory. This suggests that buyers may be able to drive the price past $28,500.
However, bulls need to be cautious of the 200-day moving average as it could allow bears to push the price downward. If this happens, support can be found at the $26,200 level or the 200-day SMA.
BTCMTX has gained significant interest as an alternative investment to BTC during its presale phase. The project aims to redistribute mining profits from corporate entities to retail investors through stake-to-mine smart contracts. It has already attracted substantial funding and offers high returns through its presale and stake-to-mine feature.
Crypto Gains, a prominent YouTuber, believes that Bitcoin Minetrix’s approach can disrupt the industry for smaller investors and contribute to decentralizing hash power. To attract more buyers, BTCMTX has announced a $30,000 Minedrop giveaway.
To participate in the presale and stake-to-mine, you can acquire Bitcoin Minetrix BTCMTX tokens with a minimum investment of $10. The tokens can be purchased using ETH, BNB, USDT, or bank cards.
In conclusion, Bitcoin (BTC) has shown bullish potential and could reach new highs in the coming years according to former BitMEX CEO Arthur Hayes. The current price is trading within an ascending triangle pattern, and if bulls maintain their momentum, BTC could surge towards the $31,200 resistance level. Additionally, BTCMTX has gained attention as an alternative investment option with its presale and stake-to-mine feature.
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