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The Bitcoin price has experienced a 1.6% increase in the last 24 hours, with its value trading at $34,685 as of 7.30 a.m. EST.
This slight increase comes as fund management giant Fidelity said the Bitcoin price may reach $96,000 by 2025.
With Bitcoin moving up once again, will its adoption curve accelerate as it did a few years ago? And how does the macro trend on rates affect it? Here's some data to consider: 🧵 pic.twitter.com/oitGo50AZg
— Jurrien Timmer (@TimmerFidelity) November 2, 2023
As Bitcoin experiences another upward movement, its adoption rate will increase as it did in previous years, said Jurrien Timmer, Fidelity’s global macro director.
Bitcoin Price Breaks Above the Ascending Triangle
Bitcoin’s 24-hour trading volume is $12.74 billion, showing an 8.5% increase compared to the previous day, indicating a recent uptick in market activity.
The price of BTC is exhibiting a recovery pattern, starting from the $15,832 support level and forming an ascending triangle. This formation typically indicates a transition to a bullish trend.
Currently, the price is steadily moving upward within the lower boundary of the ascending triangle.
As of the moment, it has broken out of the triangle, suggesting that the bulls may have their sights set on reaching $45,070 by the end of 2023.
The BTC price has surpassed the 50-day and 200-day simple moving averages (SMA). These SMAs now serve as immediate support levels, with the 50-day SMA providing additional reinforcement to the strength of the bullish trend at the $27,120 support zone.
The relative strength index (RSI) is also upward, rebounding from below the 50 neutral level mark and resting at 72. This suggests significant buying pressure in the market.
Bitcoin Price Could Hit $45,000 By 2023
BTC’s price is firmly riding a bullish trend and is poised to attain new heights in 2023. This promising momentum could offer an opportunity for bullish investors to recover their losses, with support from the Relative Strength Index (RSI) and the 50-day Simple Moving Average (SMA), aiming for a record high at $45,070.
On the flip side, bearish traders might see the current correction as a chance to minimize their losses, potentially causing the price to dip to $32,068.
However, for investors looking to diversify and steeper upside potential, the BTCMTX presale is rapidly gaining traction as individuals hurry to acquire tokens before an impending price increase.
Bitcoin Minetrix Soars Past $3.6 Million, 20X Potential
Bitcoin Minetrix (BTCMTX) is rapidly gaining momentum, having soared past the $3.6 million mark in presale as investors rally around its promise of 20X growth potential.
Recognising a significant accomplishment for #BitcoinMinetrix! 🌟
Exceeding the $3,600,000 milestone! pic.twitter.com/jC0RxzqnTu
— Bitcoinminetrix (@bitcoinminetrix) November 7, 2023
Bitcoin Minetrix is a new cloud mining project that aims to change the Bitcoin mining landscape by decentralizing how we mine Bitcoin.
Introducing #BitcoinMinetrix, the revolutionary cloud mining solution empowering individuals to engage in #Decentralised $BTC mining with ease. 💠
With the elimination of third-party cloud mining risks, users enjoy total control over their mining activities.#BitcoinMining pic.twitter.com/BV7BE7AfKs
— Bitcoinminetrix (@bitcoinminetrix) November 1, 2023
With this new venture, users won’t be required to own bulky and expensive Bitcoin mining equipment in order to actually mine Bitcoin. With Bitcoin Minetrix, you can easily mine Bitcoin from the comfort of your home. This utility feature makes the project really attractive to investors.
Right now, you can buy BTCMTX tokens for $0.0115 each before the price goes up in four days.
Stake to Earn 163% APY, Join $30K Minedrop
Bitcoin Minetrix enhances its platform by offering a stake-to-earn feature, allowing investors to earn more from their project involvement. By staking the BTCMTX tokens they purchase, investors can receive a substantial 163% annual percentage yield (APY), increasing their earnings significantly over time.
In addition to the lucrative earning potential of Bitcoin Minetrix, there’s an exciting opportunity for participants to win big. Ten lucky individuals will have the chance to receive a generous $3,000 each from a $30,000 prize pool.
To enter this competition, simply visit the Bitcoin Minetrix platform, purchase some $BTCMTX tokens, and follow the specified steps to qualify. This not only offers an investment opportunity but also the chance to win a substantial prize.
Hype Around $BTCMTX
Adding to the excitement, the buzz surrounding this project is making it highly attractive. People are always looking for a hassle-free way to own Bitcoin, and this initiative promises just that. This has captured the attention of crypto industry experts, who are now offering their insights and evaluations of the project.
Austin Hilton, a popular crypto influencer with over 230,000 subscribers in his YouTube channel, reviewed BTCMTX and underlined the need to get in early into this innovative project. In his video, he advises, “Enter before anyone.”
To get into the action, go to the Bitcoin Minetrix website, connect your Web3 wallet, and purchase $BTCMTX tokens. You have the flexibility to use cryptocurrencies such as ETH, USDT, MATIC, or BNB, or you can simply use your bank card.
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