Bitcoin Price Prediction: As BTC ETF AD War Heats Up, Investors Rush To This Bitcoin Alternative Before A Price Hike

Updated: 21 December 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Bitcoin price is up 2.5% in the last 24 hours to trade at $43,769 as of 5:13 a.m. EST.

The surge comes as the marketing battle for spot Bitcoin ETFs heats up with fund managers launching three advertisements to promote them this week.

Bitwise unveiled the inaugural Bitcoin ETF advertisement on December 18, featuring actor Jonathan Goldsmith, who is best known for portraying the “Most Interesting Man in the World” in Dos Equis beer commercials.

Shortly after, on December 20, Hashdex unveiled its Bitcoin ETF ad. It highlights the differences between cryptocurrencies and traditional assets such as stocks, fixed income, and precious metals, while also recommending itself as a specialist crypto fund manager.

Following Hashdex’s campaign, Bitwise ran its second advertisement, again featuring Goldsmith.

In the brief commercial, Goldsmith remarks, “Thought you would like to know, Satoshi sends his regards. Look for Bitwise, my friends.”

The Bitcoin Price: Can the Bulls Overcome the $45,000 Resistance?

Bitcoin Price Chart Analysis. Source: Tradingview.com — WBTC Chart Analysis. Source: Tradingview.com

The recent rejection of Bitcoin’s price at the $45,000 mark has ushered in a corrective phase, allowing bearish sentiment to force a downward trend.

Despite this setback, the overall sentiment for BTC remains bullish, as the cryptocurrency maintains its position above both the 50-day and 200-day simple moving averages (SMAs). This reaffirms the general positive momentum and establishes immediate support levels.

The Relative Strength Index (RSI) is trading in an upward direction, positioned above the 50-midline level at 65. Should this momentum sustain, there is a possibility that the RSI may surge above the overbought level, indicating heightened buying pressure.

Bitcoin Price Prediction

Bullish investors are focusing on the $50,000 resistance level as a key target for Bitcoin’s price. Optimistic sentiment prevails among traders who anticipate a potential peak at this level.

A successful breach of the $45,000 resistance is pivotal for sustaining the upward trajectory and achieving the optimistic target of $50,000. Traders are closely monitoring these key levels to gauge the cryptocurrency’s future price movements.

However, bulls have to overcome the existing hurdle at $45,000 to prevent the bears from taking advantage and initiating a corrective phase that could lead to a retracement towards the $38,500 support level.

As the competition heats up in the Bitcoin ETF advertising battle, signaling a potential green light for a spot Bitcoin ETFs, investors are eagerly snapping up BTCMTX. This asset stands to gain significantly from the approval, especially as it’s currently available at such an attractive price.

Bitcoin Minetrix Secures $5.6 Million, 21 Hours To Price Hike

Bitcoin Minetrix (BTCMTX) is quickly approaching its $6.2 million goal after racing to $5.6 million. Investors have about 21 hours to buy into the presale at the current discounted price of $0.0123 before it increases in the next stage.

BTCMTX is a revolutionary Bitcoin cloud mining platform, offering an innovative solution to the challenges faced by traditional Bitcoin mining methods, which are often criticized for their environmental impact and high barriers to entry.

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— Bitcoinminetrix (@bitcoinminetrix) December 21, 2023

Bitcoin Minetrix strives to decentralize the mining process and enhance accessibility and environmental friendliness by leveraging state-of-the-art cloud-based technology.

Get BTCMTX, Stake to Mine, Earn Passive Income

Moreover, you have a chance to generate passive income through its stake-to-mine feature. Currently, staking BTCMTX tokens ensures a substantial annual percentage yield (APY) of 108%.

You also have the opportunity to join the $30,000 minedrop airdrop, where you’ll be among 10 winners with a chance to receive a $3,000 reward.

Conor Kenny, a cryptocurrency expert with a YouTube channel boasting over 173k subscribers, recently featured Bitcoin Minetrix in one of his videos, explaining how to buy and benefit from its stake-to-mine feature.

To participate in the presale, connect your Web3 wallet to the BTCMTX website then swap your ETH or USDT for BTCMTX tokens. You can also buy directly using your bank card.