Bitcoin Price Prediction: CryptoQuant Says BTC Might Hit $160K In Next Bull Run As This Bitcoin Cloud Mining Token Roars Past $5.6 Million

ByOdero Kester

Updated: 20 December 2023

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The Bitcoin price has jumped by 3.7% in the last 24 hours to trade at $43.7K as of 9:30 a.m. EST.

According to CryptoQuant, the demand for Bitcoin ETFs, the looming Bitcoin halving, and expected growth in the broader market could see Bitcoin pump to $160K in 2024.

#Bitcoin bullrun: Die Analysten von CryptoQuant sehen $BTC mittelfristig bei 54.000 US-$, im Cycle-Top im nächsten Jahr bei 160.000 US-$. Gründe: #ETH-Hype, Halving, akt. Marktzyklus, Macro Ausblick, wachsende Stablecoin-Liquidität https://t.co/yQkwwR4KeL via @coindesk

— AlexanderMittermeier (@AlexMittermeier) December 20, 2023

Bitcoin Price Prediction

Looking at 3-hour BTC/USD charts, the Relative Strength Index indicator is moving North as it approaches entry into the overbought region. This shows building buying pressure as the Bitcoin price looks to continue its pump in the short term.

The MACD is also moving in the green zone, showing bullish sentiment on Bitcoin. The Bitcoin price has also broken out of range, which suggests a bull run in the short term.

The Bitcoin price is volatile, as shown by the Bollinger Bands, which are moving far from each other. These levels will likely remain high as trading activities increase, with the trading volume jumping by 2% in the last 24 hours.

BTC 1-day chart | Source: TradingView

VanEck’s CEO predicts Bitcoin will hit a new all-time high in the next 12 months, citing next year’s halving event as a great catalyst.

The CEO of VanEck expects a new ATH for #Bitcoin in the next 12 months!pic.twitter.com/NjHwQpVFlm

— Crypto Rover (@rovercrc) December 20, 2023

Meanwhile, as the Bitcoin price is predicted to hit new highs amid next year’s halving, Bitcoin Minetrix’s BTCMTX token, currently in presale, is another great investment option with potentially massive gains. The presale has so far garnered over $5.6 million.

Bitcoin Price Prediction: Is BTCMTX Another Alternative To Bitcoin?

Bitcoin Minetrix (BTCMTX) is generating significant buzz in the cryptocurrency industry due to its innovative features. The ongoing presale activity indicates a strong interest from investors seeking new opportunities in the market.

BTCMTX introduces a tokenized cloud mining platform that enables users to stake BTCMTX on Ethereum, transforming the landscape of Bitcoin mining. Investors are incentivized to participate in mining, making it more accessible to the average individual.

The decentralized nature of BTCMTX emphasizes security, transparency, and safety, simplifying the mining process while addressing issues such as accessibility, fraud, and suspicious cloud mining techniques.

Accessing the BTCMTX ecosystem is simple with just an Ethereum-compatible wallet like MetaMask. The project boasts a minimal start-up cost, a user-friendly interface, and a secure onboarding procedure. Purchasing tokens, utilizing the buy-and-stake functionality, and earning Bitcoin incentives are seamlessly integrated.

Exploring the potential of $BTC with #BitcoinMinetrix! ⚒️

Cloud mining provides an accessible gateway to #Crypto:

✅ Easy entry for beginners.
💰 Cost-effective without hardware expenses.
🏙️ No worries about space, noise, or heat.
🛠️ Hassle-free enhancements. pic.twitter.com/yAaOm3Pmng

— Bitcoinminetrix (@bitcoinminetrix) December 18, 2023

BTCMTX’s ambitious strategy focuses on exchange listings, a robust multi-media marketing campaign, and rapid expansion through collaborations with industry leaders in cloud mining.

The stake-to-mine contract plays a pivotal role in these future projects. This staking feature gives the BTCETF future price a hedge over the Bitcoin price due to continued engagement.

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. This strategic approach aims to solidify the project’s position in the expanding cryptocurrency sector.

Price Dynamics and Token Acquisition

The current price of the BTCMTX token is $0.0123, with a price increase anticipated in less than two days. The token acquisition is flexible, accepting credit card transactions, ETH, USDT, or BNB.

Bitcoin Minetrix’s presale and the platform’s unique features position it as a game-changer in cryptocurrency. Prospective participants are encouraged to stay informed as the initiative unfolds.

BTCMTX’s user-friendly approach to Bitcoin mining positions it as a gateway for many to enter the Bitcoin ecosystem. With the immense potential for the cryptocurrency sector in this pivotal decade, BTCMTX aims to redefine conventional wisdom about Bitcoin-focused tokens.

As the presale progresses, Bitcoin Minetrix continues on its path to becoming a cryptocurrency community leader. So, as you watch out for the future Bitcoin price trajectory, remember to check out Bitcoin Minetrix for potentially explosive gains.

Visit Bitcoin Minetrix here.