Bitcoin Price Prediction: As BTC Consolidates, Top YouTuber Says This Cloud Mining Upstart Has 10x Potential

Updated: 27 October 2023

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The Bitcoin price dropped 0.20% in the past 24 hours to trade at $33,950 as of 4 a.m. ET as it corrected following an earlier surge to $35k as investors grew more optimistic about the prospect of approvals for spot Bitcoin exchange-traded funds (ETFs).

Since then, it was rejected further to a support at $33.8k, which allowed it to bounce back up to $34.2k — a smaller resistance limiting its growth in the past 24 hours.

Bitcoin Minetrix presale about to hit $2.5 million raised

Optimism surrounding Bitcoin has encouraged market participants to start buying altcoins as well. One of the projects that attracted the most interest is Bitcoin Minetrix (BTCMTX), which allows users to stake their tokens and receive credits to mine Bitcoin.

Celebrating another achievement at #BitcoinMinetrix!

Surpassing the $2,400,000 mark! 🎉 pic.twitter.com/zDmc7wlKAs

— Bitcoinminetrix (@bitcoinminetrix) October 27, 2023

Bitcoin Minetrix offers a decentralized, transparent cloud mining platform that allows users to mine the coin without purchasing thousands of dollars worth of mining equipment.

The $BTCMTX #Token, when utilised in an #Ethereum based smart contract, functions as the key to unlock #Bitcoin cloud mining. 🔓

Users can easily buy and use #BTCMTX tokens to acquire cloud mining credits, which can be exchanged for hashing power. ⛏️ pic.twitter.com/dQv3FsED2v

— Bitcoinminetrix (@bitcoinminetrix) October 26, 2023

With Bitcoin halving scheduled to occur in only around six months, miners have doubled on accumulating as much BTC as possible.

Bitcoin Minetrix’s presale has already raised $2.46 million, selling its token for $0.0112. In less than 24 hours from the moment of writing, the ticket will see a price increase, so this is the last opportunity for those who wish to buy it at its current price.

The project even saw the endorsement of a crypto YouTuber, Jacob Crypto Bury, who said that the crypto mining startup has a 10x potential.

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