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The Bitcoin price has risen 1.5% in the last 24 hours to trade at $45K as of 8:44 a.m. EST.
Macro strategist Henrik Zeberg anticipates bigger moves ahead for BTC. In an interview with Bloor Street Capital, he said he said he envisions a robust bull run in the initial four months of 2024. With a minimum target of $115,000, he foresees a rapid ascent that could take Bitcoin to $150,000 or even $250,000.
Bitcoin Price Prediction
An in-depth analysis of 3-hour BTC/USD charts points towards a bullish short term on the Bitcoin price. This is seen from the Relative Strength Index indicator’s movement which is currently headed for the overbought region suggesting buying pressure on the crypto king.
The MACD indicator is also moving in the green zone backing the bullish prospects on the Bitcoin price.
The Bitcoin price has also broken out of range as it now reclaims the $45K level, increasing the prospects of a bullish break out in the short term. The 50-period moving average has also exceeded the 200-period moving average to form a golden cross. This asserts bull dominance on the Bitcoin price as well.
3-hour BTC/USD chart | Source: TradingView
Meanwhile, as the Bitcoin price pumps, investors are flocking to Bitcoin Minetrix and it’s ranked among the top crypto projects for 2024. Its BTCMTX token presale is selling out fast having now surpassed the $7.8 million mark, showing immense investor confidence in the project.
Bitcoin Price Prediction: What is BTCMTX? Is it a Good Pick Over Bitcoin?
Bitcoin Minetrix aims to drive down the costs associated with cloud mining, providing an affordable entry point for crypto enthusiasts. Instead of investing in costly, specialized equipment, users can leverage BTCMTX tokens to initiate the mining process.
Discovering the perks of #BTC cloud mining!
💡 Entry-level simplicity: no technical know-how needed.
💰 Cost-efficient: skip high electricity and hardware expenses.
🏠 Say goodbye to space, noise, and heat disruptions.
🔄 No resale worries – let mining companies handle upgrades! pic.twitter.com/enQbatCTpz— Bitcoinminetrix (@bitcoinminetrix) January 6, 2024
To access the cloud mining features, investors must burn the gas tokens acquired. This unique methodology ensures active involvement within the ecosystem, facilitating optimal distribution of benefits.
Prospective participants have the flexibility to acquire BTCMTX coins using Ether (ETH), Tether (USDT), or a bank card through the project’s official website. Valued at $0.0127 per token, these assets are staked, generating returns for the buyers.
Analysts like Jacob Bury forsee a potential tenfold surge in the token upon launch.
As analysts project an upward trajectory in the Bitcoin price following the potential approval of spot Bitcoin ETFs, investors stand to profit by selling their BTC at a higher value.
The halving event that’s likely to occur in April will also potentially drive the Bitcoin price higher, helping boost returns for holders of Bitcoin Minetrix.
Prospective BTCMTX investors are urged to act promptly as a price increase is due in less than three days and the token is close to selling out. Securely purchase BTCMTX tokens from the official platform to explore the potential benefits of this cutting-edge cloud mining venture. Don’t miss out on the chance to become a part of this exciting opportunity in the cloud mining business.
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