{"id":467452,"date":"2023-12-22T10:49:01","date_gmt":"2023-12-22T10:49:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=467452"},"modified":"2023-12-22T17:59:54","modified_gmt":"2023-12-22T17:59:54","slug":"bitcoin-price-prediction-as-qcp-warns-btc-might-pull-back-to-36k-this-bitcoin-cloud-mining-platforms-presale-has-hurtled-past-5-7-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-as-qcp-warns-btc-might-pull-back-to-36k-this-bitcoin-cloud-mining-platforms-presale-has-hurtled-past-5-7-million","title":{"rendered":"Bitcoin Price Prediction: As QCP Warns BTC Might Pull Back To $36K, This Bitcoin Cloud Mining Platform&#8217;s Presale Has Hurtled Past $5.7 Million"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Bitcoin price has pumped 21% in a month to trade at <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\">$44.1K<\/a> at 12:07 a.m. EST.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Most investors foresee even <a href=\"https:\/\/www.linkedin.com\/pulse\/bitcoin-price-prediction-experts-forecast-bullish-trends-calsona-o1vue\">better performance<\/a> in the next few months with spot Bitcoin ETF approvals expected next month.<\/span><\/p>\n<p><span style=\"font-weight: 400\">But QCP, a Singapore-based global digital assets trading firm, says <\/span><span style=\"font-weight: 400\">demand for spot BTC ETFs might not meet market expectations. <\/span><\/p>\n<p><span style=\"font-weight: 400\">This skepticism sets the stage for a classic &lsquo;sell the news&rsquo; 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.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">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.<\/p>\n<p>&mdash; QCP (@QCPgroup) <a href=\"https:\/\/twitter.com\/QCPgroup\/status\/1737758076554641751?ref_src=twsrc%5Etfw\">December 21, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span style=\"font-weight: 400\">Bitcoin Price Prediction: Where Is BTC Headed?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">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&rsquo;s price heads for a pump in the short term.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">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.<\/span><\/p>\n<p><span style=\"font-weight: 400\">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&rsquo;s trading volume drop by 22% in the last 24 hours.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-467453\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/Apex_1703223036843.png\" alt=\"\" width=\"2534\" height=\"1196\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/Apex_1703223036843.png 2534w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/Apex_1703223036843-300x142.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/Apex_1703223036843-1024x483.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/Apex_1703223036843-768x362.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/Apex_1703223036843-104x50.png 104w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/Apex_1703223036843-83x40.png 83w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/Apex_1703223036843-1536x725.png 1536w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/Apex_1703223036843-2048x967.png 2048w\" sizes=\"(max-width: 2534px) 100vw, 2534px\"><\/p>\n<p style=\"text-align: center\">BTC 1-day chart | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/mBPnB4WJ\/?symbol=CRYPTO%3ABTCUSD\">TradingView<\/a><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, with QCP&rsquo;s prediction that the Bitcoin price might fall to $36K, Bitcoin Minetrix&rsquo;s BTCMTX token promises much higher gains. It&rsquo;s booming <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinminetrix\" rel=\"nofollow\"><span style=\"font-weight: 400\">presale<\/span><\/a><span style=\"font-weight: 400\"> has already raked in more than $5.7 million.&nbsp;<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Bitcoin Price Prediction: Should You Pick BTCMTX over BTC?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">With its groundbreaking features, Bitcoin Minetrix (BTCMTX) is causing ripples with the successful <a href=\"https:\/\/www.linkedin.com\/pulse\/what-crypto-presale-quick-guide-getting-ground-floor-new-calsona-mwpve\">presale<\/a> activity indicating keen interest by investors seeking new opportunities in the market.<\/span><\/p>\n<p><span style=\"font-weight: 400\">BTCMTX introduces a tokenized cloud mining platform, allowing users to stake BTCMTX on Ethereum, bringing a paradigm shift to Bitcoin mining and making mining more accessible to the average person.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinMinetrix<\/a> embodies a tokenized cloud mining system, enabling regular users to participate in decentralized <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> mining.&#9935;&#65039;<\/p>\n<p>This platform mitigates third-party cloud mining risks, offering full operational autonomy. &#128272; <a href=\"https:\/\/t.co\/4jekB8X6lr\">pic.twitter.com\/4jekB8X6lr<\/a><\/p>\n<p>&mdash; Bitcoinminetrix (@bitcoinminetrix) <a href=\"https:\/\/twitter.com\/bitcoinminetrix\/status\/1735947925522424074?ref_src=twsrc%5Etfw\">December 16, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">BTCMTX&rsquo;s decentralized nature prioritizes security, transparency, and safety in mining, addressing concerns like accessibility, fraud, and questionable cloud mining practices.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Accessing the <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinminetrix\" rel=\"nofollow\"><span style=\"font-weight: 400\">BTCMTX<\/span><\/a><span style=\"font-weight: 400\"> 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.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Roadmap<\/span><\/h2>\n<p><span style=\"font-weight: 400\">BTCMTX has ambitious plans, including exchange listings, a robust multi-media marketing campaign, and rapid development through partnerships with industry heavyweights in cloud mining.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The stake-to-mine contract is pivotal in BTCMTX&rsquo;s future ventures, providing a hedge over the Bitcoin price due to ongoing participation.<\/span><\/p>\n<p><span style=\"font-weight: 400\">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&rsquo;s position in the burgeoning cryptocurrency market.<\/span><\/p>\n<p><iframe title=\"Discover the Top 3 Cryptos Set to Skyrocket 20x in 2024! &#128165;&#128200; Don't Miss Out on These\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/UKRbj0Rp9AQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400\">Token purchases are flexible, accepting credit card transactions, ETH, USDT, or BNB.<\/span><\/p>\n<p><span style=\"font-weight: 400\">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&rsquo;s progress.<\/span><\/p>\n<p><span style=\"font-weight: 400\">BTCMTX&rsquo;s user-friendly approach to Bitcoin mining positions it as a gateway for individuals to enter the Bitcoin ecosystem.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">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.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinminetrix\" rel=\"nofollow\"><span style=\"font-weight: 400\">Visit Bitcoin Minetrix here<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Related News<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-cryptoquant-says-btc-might-hit-160k-in-next-bull-run-as-this-bitcoin-cloud-mining-token-roars-past-5-6-million\"><span style=\"font-weight: 400\">Bitcoin Price Prediction: CryptoQuant Says BTC Might Hit $160K In Next Bull Run As This Bitcoin Cloud Mining Token Roars Past $5.6 Million<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/ethereum-price-prediction-whales-snap-up-230-million-of-eth-as-this-bitcoin-alternative-hurtles-past-5-5-million-in-presale\"><span style=\"font-weight: 400\">Ethereum Price Prediction: Whales Snap Up $230 Million Of ETH As This Bitcoin Alternative Hurtles Past $5.5 Million In Presale<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/how-to-buy-bitcoin-minetrix-on-presale-alessandro-de-crypto-video-review\"><span style=\"font-weight: 400\">How To Buy Bitcoin Minetrix On Presale &ndash; Alessandro De Crypto Video Review<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Most Searched Crypto Launch - Pepe Unchained<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/pepu.svg\" alt=\"Pepe Unchained\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Layer 2 Meme Coin Ecosystem<\/li>\n                                                                                                    <li>Featured in Cointelegraph<\/li>\n                                                                                                    <li>SolidProof &amp; 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Most investors foresee even better performance in the <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1951,"featured_media":467454,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Prediction: As QCP Warns BTC Might Pull Back To $36K, This Bitcoin Cloud Mining Platform&#039;s Presale Has Hurtled Past $5.7 Million - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"The Bitcoin price has pumped 21% in a month to trade at $44.1K at 12:07 a.m. EST. 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