Bitcoin Price Prediction: As QCP Warns BTC Might Pull Back To $36K, This Bitcoin Cloud Mining Platform's Presale Has Hurtled Past $5.7 Million

Bitcoin Price Prediction: As QCP Warns BTC Might Pull Back To $36K, This Bitcoin Cloud Mining Platform’s Presale Has Hurtled Past $5.7 Million

ByOdero Kester

Updated: 22 December 2023

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 has pumped 21% in a month to trade at $44.1K at 12:07 a.m. EST.

Most investors foresee even better performance in the next few months with spot Bitcoin ETF approvals expected next month.

But QCP, a Singapore-based global digital assets trading firm, says demand for spot BTC ETFs might not meet market expectations.

This skepticism sets the stage for a classic ‘sell the news’ scenario in the second week of January, it said. The firm predicts topside resistance for BTC in the $45-$48.5k region, speculating a potential retracement to $36k before the upward trend resumes.

4/ For this reason, we expect topside resistance for BTC in the 45-48.5k region and a possible retracement to 36k levels before the uptrend resumes.

— QCP (@QCPgroup) December 21, 2023

Bitcoin Price Prediction: Where Is BTC Headed?

Looking at 2-hour BTC/USD charts, the 50-period moving average has exceeded the 200-period moving average to form a golden cross. This shows buying pressure as Bitcoin’s price heads for a pump in the short term.

The Relative Strength Indicator is moving north as it approaches the overbought region. At the same time, the MACD indicator also moves towards the green zone, both supporting the prospects of a price pump in the short term.

Looking at volatility, the Bollinger Bands are now diverging, showing high volatility levels on the Bitcoin price. However, these levels could likely drop soon due to decreasing trading activities that have seen the crypto king’s trading volume drop by 22% in the last 24 hours.

BTC 1-day chart | Source: TradingView

Meanwhile, with QCP’s prediction that the Bitcoin price might fall to $36K, Bitcoin Minetrix’s BTCMTX token promises much higher gains. It’s booming presale has already raked in more than $5.7 million.

Bitcoin Price Prediction: Should You Pick BTCMTX over BTC?

With its groundbreaking features, Bitcoin Minetrix (BTCMTX) is causing ripples with the successful presale activity indicating keen interest by investors seeking new opportunities in the market.

BTCMTX introduces a tokenized cloud mining platform, allowing users to stake BTCMTX on Ethereum, bringing a paradigm shift to Bitcoin mining and making mining more accessible to the average person.

#BitcoinMinetrix embodies a tokenized cloud mining system, enabling regular users to participate in decentralized $BTC mining.⛏️

This platform mitigates third-party cloud mining risks, offering full operational autonomy. 🔐 pic.twitter.com/4jekB8X6lr

— Bitcoinminetrix (@bitcoinminetrix) December 16, 2023

BTCMTX’s decentralized nature prioritizes security, transparency, and safety in mining, addressing concerns like accessibility, fraud, and questionable cloud mining practices.

Accessing the BTCMTX ecosystem is simplified with just an Ethereum-compatible wallet such as MetaMask. The project boasts a low start-up cost, user-friendly UI, and a secure onboarding process, seamlessly integrating token purchases, buy-and-stake features, and earning Bitcoin rewards.

Roadmap

BTCMTX has ambitious plans, including exchange listings, a robust multi-media marketing campaign, and rapid development through partnerships with industry heavyweights in cloud mining.

The stake-to-mine contract is pivotal in BTCMTX’s future ventures, providing a hedge over the Bitcoin price due to ongoing participation.

The upcoming phase will introduce stake-to-mine desktop and mobile dashboards, Bitcoin withdrawals to wallets, and concurrent conversion of mining credits into hash power, further strengthening BTCMTX’s position in the burgeoning cryptocurrency market.

Token purchases are flexible, accepting credit card transactions, ETH, USDT, or BNB.

The presale and its distinctive features position it as a game changer in the cryptocurrency landscape. Interested participants are encouraged to stay updated on the initiative’s progress.

BTCMTX’s user-friendly approach to Bitcoin mining positions it as a gateway for individuals to enter the Bitcoin ecosystem.

As the presale progresses, Bitcoin Minetrix continues its journey to becoming a leader in the cryptocurrency community. Investors eyeing potential returns in the future Bitcoin price trajectory should also keep Bitcoin Minetrix on their radar for potentially explosive growth.

Visit Bitcoin Minetrix here.