{"id":449794,"date":"2023-10-20T17:44:16","date_gmt":"2023-10-20T17:44:16","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=449794"},"modified":"2023-10-20T17:44:16","modified_gmt":"2023-10-20T17:44:16","slug":"barnbridge-booms-beyond-belief-while-it-thrives-bitcoin-minetrixs-presale-is-the-next-investment-buzzword","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/barnbridge-booms-beyond-belief-while-it-thrives-bitcoin-minetrixs-presale-is-the-next-investment-buzzword","title":{"rendered":"Barnbridge Booms Beyond Belief. While it Thrives, Bitcoin Minetrix’s Presale is the Next Investment Buzzword"},"content":{"rendered":"

Barnbridge, a decentralized protocol, converts risk into tradeable assets, empowering users to reduce their vulnerability to yield fluctuations and price volatility.<\/p>\n

The project accesses debt pools from multiple DeFi platforms. Then, it creates a range of assets within a consolidated debt pool, each presenting unique risk and return profiles.<\/p>\n

BOND is trading at $4.06<\/a> as of 5:33 a.m. EST, indicating a 39% increase in the last 24 hours. However, can BOND sustain this bullish momentum?<\/p>\n

\"Barnbridge
BONDUSDT Price chart by Tradingview.com<\/figcaption><\/figure>\n

Barnbridge shows a sharp surge following a consolidation period, showcasing consistent upward movement with strong support at the $1.61 mark.<\/p>\n

Nevertheless, some resistance was encountered at the $6.66 level, showing the possibility of a shift towards a bearish trend and a potential retracement back to the $2.67 support zone, which also aligns with the 200-day simple moving average.<\/p>\n

This support level is generating heightened buying activity and is acting as a catalyst for bullish momentum in BOND’s price.<\/p>\n

Furthermore, BOND’s price indicators align with this bullish sentiment. The 50 and 200 moving averages on the 4-hour chart are currently positioned below the price, suggesting growing buying pressure for BOND. Specifically, the rebound at $2.67 initiated by the 200 SMA is a crucial support level that may propel the price above the 50 SMA.<\/p>\n

Can Barnbridge BOND Momentum Surpass $6.66 High?<\/h2>\n

The relative strength index (RSI) displays an upward trajectory at 61. The chart shows that the RSI rebounded from the 37th mark, indicating strong and widespread buying interest that might drive it into the overbought territory at 70.<\/p>\n

The rebound at $2.67 has triggered a rally among Barnbridge buyers, who seem poised to drive the price higher. Shows the potential to revisit the previous high at $6.66 and potentially surpass it, reaching new highs at 13.61 in<\/span> Q4 of 2023.<\/p>\n

The price has formed a higher low, signaling a continuation of the bullish trend.<\/p>\n

Conversely, in the event of a pullback, bears could exert downward pressure on the price, potentially pushing it back to the support zone at $2.67. However, a candlestick closing below this level could trigger the bulls to seek support at $1.61.<\/p>\n

Bitcoin Minetrix BTCMTX Crosses $1.8 Million in Presale Funding<\/h2>\n

Currently, in Stage 2 of the presale<\/a>, BTCMTX has already raised an impressive $$1,810,225<\/p>\n

The BTCMTX token presale is happening in multiple stages, and currently, each token is priced at $0.0111.<\/p>\n

\n

#BitcoinMinetrix<\/a> has passed the $1,800,000 mark!🚀 pic.twitter.com\/mBNdn4syU7<\/a><\/p>\n

— Bitcoinminetrix (@bitcoinminetrix) October 20, 2023<\/a><\/p><\/blockquote>\n