{"id":509248,"date":"2024-04-19T14:13:28","date_gmt":"2024-04-19T14:13:28","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=509248"},"modified":"2024-04-19T15:04:56","modified_gmt":"2024-04-19T15:04:56","slug":"bitcoin-price-prediction-btc-pumps-ahead-of-the-halving-as-this-btc-derivative-offers-last-chance-to-buy-after-13m-ico","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-btc-pumps-ahead-of-the-halving-as-this-btc-derivative-offers-last-chance-to-buy-after-13m-ico","title":{"rendered":"Bitcoin Price Prediction: BTC Pumps Ahead Of The Halving As This BTC Derivative Offers Last Chance To Buy After $13M ICO"},"content":{"rendered":"<p>The Bitcoin price surged almost 6% in the past 24 hours to trade for $64,855 as of 06:12 a.m. EST as trading volume soared 20%.<\/p>\n<p>Markets are on the edge of their seats as the BTC halving becomes imminent. Reports indicate that the number of Google searches for &ldquo;halving&rdquo; has reached an all-time high.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: Google searches for \"<a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> halving\" is at an ATH &#128002; <a href=\"https:\/\/t.co\/MgoyYsEUyY\">pic.twitter.com\/MgoyYsEUyY<\/a><\/p>\n<p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1780984051937005926?ref_src=twsrc%5Etfw\">April 18, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In the same spirit, multinational media site CNN says the &ldquo;halving is the World Cup of Bitcoin.&rdquo;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: CNN says the halving is the \"World Cup\" for <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/t.co\/dhfeQ8cehc\">pic.twitter.com\/dhfeQ8cehc<\/a><\/p>\n<p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1780941496247550027?ref_src=twsrc%5Etfw\">April 18, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The countdown according to CoinGecko shows only 14 hours left, with only 85 blocks remaining.<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/BTC-halving.png\"><img decoding=\"async\" class=\"aligncenter wp-image-509252 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/BTC-halving.png\" alt=\"Bitcoin price\" width=\"1117\" height=\"351\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/BTC-halving.png 1117w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/BTC-halving-300x94.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/BTC-halving-1024x322.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/BTC-halving-768x241.png 768w\" sizes=\"(max-width: 1117px) 100vw, 1117px\"><\/a><\/p>\n<p>This halving comes amid market nervousness over the situation in the Middle East.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">All I can say is that you NEED to be paying very careful attention to the situation in the Middle East.<\/p>\n<p>If things escalate, the market will nuke in the blink of an eye.<\/p>\n<p>Better be safe than sorry.<\/p>\n<p>&mdash; Kyle Chass&eacute; (@kyle_chasse) <a href=\"https:\/\/twitter.com\/kyle_chasse\/status\/1781252236347056423?ref_src=twsrc%5Etfw\">April 19, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Following today&rsquo;s reports of Israel launching a missile attack against Iran, almost $300 million in leveraged positions were liquidated. Traders are fleeing for safety to more traditional assets like gold and silver.<\/p>\n<p>Meanwhile, analysts indicate that the effective selling pressure on Bitcoin is reducing.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin selling pressure from traders may be declining as unrealized profit margins are basically zero now.<\/p>\n<p>Traders' realized price (pink line) has acted as support for prices during a bull market and  it's now at ~$60K. <a href=\"https:\/\/t.co\/rQbxKQ3W1T\">pic.twitter.com\/rQbxKQ3W1T<\/a><\/p>\n<p>&mdash; Julio Moreno (@jjcmoreno) <a href=\"https:\/\/twitter.com\/jjcmoreno\/status\/1780979596097204310?ref_src=twsrc%5Etfw\">April 18, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>For now, volatility is at peak levels, with leveraged traders getting hurt as the Bitcoin price whiplashes in either direction.<\/p>\n<p>And amid all that, Binance co-founder Changpeng Zhao (CZ) has wished markets a happy halving.<\/p>\n<p>https:\/\/twitter.com\/cz_binance\/status\/1781180083425988959<\/p>\n<h2>Bitcoin Price Prediction As BTC Halving Closes In<\/h2>\n<p>Noteworthy, Bitcoin price has managed to record a candlestick close above the $60,000 psychological level for seven full weeks in a row. It points to the bulls showing strength. As seller momentum continues to reduce, the Bitcoin price could be poised for a bullish move.<\/p>\n<p>Meanwhile, there is a bullish divergence on the Relative Strength Index (RSI) in the 12-hour timeframe. This happens when the RSI records higher lows while the Bitcoin price records lower lows. This often precipitates a bullish reversal, hinting that the bearish sentiment is losing momentum. It also shows that the ongoing reversal to the upside is gaining strength.<\/p>\n<p>The Awesome Oscillator (AO) is also showing green histograms that are edging toward positive territory. Moreover, the Moving Average Convergence Divergence (MACD) is pending a flip above the orange band of its signal line. If this happens, it would strengthen the ongoing uptrend to kick of a bullish cycle.<\/p>\n<p>If the bulls have their way, two levels will be of interest. First, a 12-hour candlestick close above $67,818 and then a close above $71,345. These would set the tone for an extension that could see&nbsp;Bitcoin&nbsp;price ascend to record a new all-time high.<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/BTCUSDT_2024-04-19_13-02-43.png\"><img decoding=\"async\" class=\"aligncenter wp-image-509255 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/BTCUSDT_2024-04-19_13-02-43.png\" alt=\"Bitcoin price\" width=\"1273\" height=\"542\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/BTCUSDT_2024-04-19_13-02-43.png 1273w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/BTCUSDT_2024-04-19_13-02-43-300x128.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/BTCUSDT_2024-04-19_13-02-43-1024x436.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/BTCUSDT_2024-04-19_13-02-43-768x327.png 768w\" sizes=\"(max-width: 1273px) 100vw, 1273px\"><\/a><\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/x\/ZZXx9L5K\/\" target=\"_blank\" rel=\"noopener\">TradingView: BTC\/USDT 12-hour chart<\/a><\/p>\n<h4>Converse Case<\/h4>\n<p>Conversely, the zone extending from $57,000 to $59,005 is significant seeing as there remains some uncollected liquidity residing in the March 5 low of $59,005. With this, it is possible that the Bitcoin price could record a drop into this critical zone before a strong move to the upside.<\/p>\n<p>As the halving closes in, Bitcoin ownership is the new mania, and with it, the BTCMTX presale is gaining steam.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> halving impact: Miners are better positioned this time due to recent gains, says <a href=\"https:\/\/twitter.com\/hashtag\/Benchmark?src=hash&amp;ref_src=twsrc%5Etfw\">#Benchmark<\/a> report.<a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> surged 140% in past two quarters, while <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> and the broader <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> market also saw significant gains. &#128736;&#65039;&#128176;<\/p>\n<p>What strategies do you think miners will employ to&hellip;<\/p>\n<p>&mdash; Bitcoinminetrix (@bitcoinminetrix) <a href=\"https:\/\/twitter.com\/bitcoinminetrix\/status\/1781281430900711466?ref_src=twsrc%5Etfw\">April 19, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Analysts say BTCMTX could record 5X or even 10X growth at launch as it offers investors easy entry into the Bitcoin market at a time of relative shortages of supply.<\/p>\n<p><iframe title=\"Bitcoin Minetrix | Passive Income Paid In Bitcoin And Huge Capital Gains Potential!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/fCiAUPKqKGM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>BTCMTX is offering a last chance to buy with the presale set to close on April 25.<\/p>\n<h2>Promising Alternative To Bitcoin<\/h2>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinminetrix\" target=\"_blank\" rel=\"noopener nofollow\">Bitcoin Minetrix (BTCMTX)<\/a> is a cloud-mining project, where BTCMTX token holders get to stake their holdings for credits.<\/p>\n<p>These credits are redeemable for mining hash power. With the entire process tokenized and decentralized, it gives investors a better deal than the traditional Bitcoin mining approach.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Tapping into the possibilities of mining <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> with <a href=\"https:\/\/twitter.com\/hashtag\/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinMinetrix<\/a>! &#9881;&#65039;<\/p>\n<p>Embarking into <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> mining with ease:<\/p>\n<p>&#127775; Simple initiation for beginners.<br>&#128176; Cost-effective without hardware expenses.<br>&#127750; No worries about space, noise, or heat.<br>&#128260; Effortless upgrades with no hassle. <a href=\"https:\/\/t.co\/uUbXWLCL2z\">pic.twitter.com\/uUbXWLCL2z<\/a><\/p>\n<p>&mdash; Bitcoinminetrix (@bitcoinminetrix) <a href=\"https:\/\/twitter.com\/bitcoinminetrix\/status\/1751651421974397052?ref_src=twsrc%5Etfw\">January 28, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Investors looking to <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin-minetrix\" target=\"_blank\" rel=\"noopener\">buy BTCMTX<\/a>, the powering token for the Bitcoin Minetrix ecosystem, can do so on the <a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinminetrix\" target=\"_blank\" rel=\"noopener nofollow\">official website<\/a>. Each token is selling for only $0.0147. So far, presale sales have reached upwards of an enormous $13.156 million.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128640; With the <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> halving around the corner, mining companies are gearing up for changes!<\/p>\n<p>From <a href=\"https:\/\/twitter.com\/MarathonDH?ref_src=twsrc%5Etfw\">@MarathonDH<\/a> to <a href=\"https:\/\/twitter.com\/RiotPlatforms?ref_src=twsrc%5Etfw\">@RiotPlatforms<\/a>, keep an eye out on how they're preparing for the shift.<\/p>\n<p>Who do you think will thrive post-halving? &#128736;&#65039;<a href=\"https:\/\/twitter.com\/hashtag\/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinMinetrix<\/a> has successfully raised more&hellip; <a href=\"https:\/\/t.co\/aPtKV1rne9\">pic.twitter.com\/aPtKV1rne9<\/a><\/p>\n<p>&mdash; Bitcoinminetrix (@bitcoinminetrix) <a href=\"https:\/\/twitter.com\/bitcoinminetrix\/status\/1778017182447743155?ref_src=twsrc%5Etfw\">April 10, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>A price increase is coming in less than 21 hours, so buy now if you are interested.<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinminetrix\" target=\"_blank\" rel=\"noopener nofollow\">Visit the official Bitcoin Minetrix website here to buy BTCMTX tokens<\/a>.<\/p>\n<h3>Also Read:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/how-to-buy-bitcoin-minetrix-on-presale-alessandro-de-crypto-video-review\">How To Buy Bitcoin Minetrix On Presale &ndash; Alessandro De Crypto Video Review<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-minetrix-presale-has-just-hours-left-last-chance-to-buy-before-price-rise\">Bitcoin Minetrix Presale Has Just Hours Left: Last Chance to Buy Before Price Rise<\/a><\/li>\n<li><a href=\"https:\/\/www.linkedin.com\/pulse\/5-new-cryptocurrency-invest-2024-promising-1000x-calsona-0krue\">5 New Cryptocurrency to Invest in 2024: Promising Game-Changers with 1000x Potential<\/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\">New Crypto Mining Platform - 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