Bitcoin Price Prediction: As Jim Cramer Flips On ''Technological Marvel'' BTC, Experts Say This Bitcoin Derivative Might Explode

Bitcoin Price Prediction: As Jim Cramer Flips On ”Technological Marvel” BTC, Experts Say This Bitcoin Derivative Might Explode

ByEvans Karanja

Updated: 03 January 2024

Disclosure

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 0.2% in the last 24 hours to trade at $45,469 as of 5:13 a.m. EST as trading volume climbed 8% to $27 billion.

In the meantime, Jim Cramer, host of CNBC’s “Mad Money” who is known for his anti-crypto views, has done a U-turn on the king of cryptocurrencies, and called BTC a “technological marvel.”

He added that the late Charlie Munger of Warren Buffett’s Berkshire Hathaway had been “blind” to Bitcoin’s potential.

Jim Cramer says the #Bitcoin ETF will be a sell the news event and “this was a remarkable comeback that was unexpected.” 🤯

The god candle is coming. 🚀 pic.twitter.com/SgkTjnmW9s

— The ₿itcoin Therapist (@TheBTCTherapist) January 2, 2024

The Bitcoin Price: Bulls Target $50,000 Mark

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

The Bitcoin price has turned the $45,000 resistance into support as bulls aim to reclaim its ATH at $69,000.

The general momentum for BTC remains bullish, trading above both the 50-day and 200-day simple moving averages (SMAs).

The Relative Strength Index (RSI) trades at 69 above the 50 midline level. If this momentum sustains, there is potential for the RSI to ascend beyond the overbought level of 70, signifying an escalation in buying pressure.

The Bitcoin Price Prediction

The Bitcoin price is on a bull rally as bullish investors focus on achieving the $50,000 mark. However, bears might intervene to pull the prices down. A breach below $45,000 could see the bulls retreat to the $40,000 support zone.

Meanwhile, investors are rapidly acquiring cloud mining presale Bitcoin Minetrix as the approval of a spot Bitcoin ETF is expected to lead to substantial gains for its BTCMTX token.

Bitcoin Minetrix Presale Closing In On $7.9 Million Goal

Bitcoin Minetrix (BTCMTX) has already raised more than $7.3 million and there’s now only a few hundred thousand left to hit its target of $7.9 million.

The presale has already raised over $7.3 million as investors rush to buy more tokens in the next 69 hours before the price is hiked.

🎉 Happy New Year, #BTCMTX Communtity! 🚀

Surpassing $7,200,000 is a stellar way to start 2024.

Here's to an incredible year ahead!#HappyNewYear #CryptoMilestone pic.twitter.com/IGO0Jv70AA

— Bitcoinminetrix (@bitcoinminetrix) January 2, 2024

The BTCMTX platform has been made to remedy the issues associated with conventional Bitcoin mining methods, criticized for their environmental consequences and substantial entry barriers.

The platform also allows investors to earn passive income through the stake-to-mine feature, presently guaranteeing an 87% annual percentage yield (APY).

Additionally, you get to participate in the $30,000 minedrop airdrop, where you can earn a $3,000 reward for ten lucky winners.

Cryptonews, a YouTube channel with over 7,000 subscribers, has featured BTCMTX in one of its videos, providing insights into purchasing the cryptocurrency and maximizing gains through its stake-to-mine feature.

You can participate in the presale by connecting your Web3 wallet to the BTCMTX website, swapping your ETH or USDT for BTCMTX tokens, or directly buying using your bank card.