Bitcoin Price Prediction: BTC Surges Past $45K To Highest Since April 2022 On Bitcoin ETF Expectations As This BTC Derivative Closes On $7.5 Million

ByEvans Karanja

Updated: 02 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 7.5% in the last 24 hours to trade at $45,769 as of 4:13 a.m. EST, as its trading volume increased by 88% to $26.8 billion.

The momentum is fueled by the excitement surrounding spot ETFs as the SEC reviews paperwork ahead of likely approvals by January 10.

Rumours flying that the spot Bitcoin ETF will be approved this week. Get ready

— Lark Davis (@TheCryptoLark) January 2, 2024

The Bitcoin Price: Bulls Break Above The $45,000 Resistance

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

The Bitcoin price has surpassed the $45,000 threshold, continuing the bullish trend after a brief consolidation.

The overall sentiment for BTC remains optimistic as it maintains its position above both the 50-day and 200-day simple moving averages (SMAs), affirming the upward momentum and establishing proximate support levels.

The Relative Strength Index (RSI) is currently on an upward trajectory, positioned above the 50 midline level at 65. 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 successful breach of the $45,000 resistance has set BTC on an upward trajectory as bullish investors focus on achieving the $50,000 mark.

Once spot Bitcoin ETFs are approved, the Bitcoin price could soar to $50,000 within a month, says Matrixport.

Anticipate a substantial #Bitcoin surge to $50,000 in January, driven by an imminent #BitcoinSpot #ETF approval, institutional buying, and factors such as supply shortage and historical trends, with potential for #altcoin season and a funding rate reaching +66%.

Read the full… pic.twitter.com/sueG5LqENp

— Matrixport (@realMatrixport) January 2, 2024

With the enthusiasm surrounding spot Bitcoin ETFs, investors are rapidly acquiring BTCMTX. The approval of spot Bitcoin ETFs is expected to lead to substantial gains for BTCMTX. Experts are predicting an easy 10X return on investment for early buyers.

Bitcoin Minetrix Secures $7.2 Million, Buy Fast

Bitcoin Minetrix (BTCMTX) is closing in on its target of $7.9 million, with $7.2 million already raised. Investors have a little less than four days left to participate in the presale at the current discounted price of $0.0126 before it rises in the subsequent stage.

🎉 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

BTCMTX is a Bitcoin cloud mining platform that provides an inventive remedy to the issues associated with conventional Bitcoin mining methods, criticized for their environmental consequences and substantial entry barriers.

#BTCMTX provides a secure haven in cloud mining for all #Crypto fans.🌐

Historical concerns about expensive gear and dubious cloud mining setups have discouraged many from participating.

This decentralized method ensures a clear and safeguarded mining journey.🔒 pic.twitter.com/sNd8354pKR

— Bitcoinminetrix (@bitcoinminetrix) January 1, 2024

A Chance to Earn Passive Income

There’s also an opportunity to generate passive income through the stake-to-mine feature, which offers an annual percentage yield (APY) of 88%.

Additionally, you can participate in the $30,000 minedrop airdrop, where you can be one of the ten winners eligible to receive a $3,000 reward.

Conor Kenny, a cryptocurrency expert with a YouTube channel that has garnered more than 173,000 subscribers, recently showcased Bitcoin Minetrix in one of his videos. In the video, he provided insights into purchasing the cryptocurrency and maximizing gains through its stake-to-mine feature.

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