{"id":512712,"date":"2024-04-26T12:46:20","date_gmt":"2024-04-26T12:46:20","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=512712"},"modified":"2024-04-26T12:46:20","modified_gmt":"2024-04-26T12:46:20","slug":"bitcoin-price-prediction-as-buy-bitcoin-sign-behind-janet-yellen-sells-for-1m-investors-flock-to-this-btc-derivative-with-less-than-two-days-left","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-as-buy-bitcoin-sign-behind-janet-yellen-sells-for-1m-investors-flock-to-this-btc-derivative-with-less-than-two-days-left","title":{"rendered":"Bitcoin Price Prediction: As \u201cBuy Bitcoin\u201d Sign Behind Janet Yellen Sells For $1M, Investors Flock To This BTC Derivative With Less Than Two Days Left"},"content":{"rendered":"<p>The Bitcoin price is up a fraction in the past 24 hours to trade for $64,225 as of 06:50 a.m. EST.<\/p>\n<p>Trading volume has dropped by 7%, however, amid a broader market gloom. Despite the lull in the market, Bitcoiners and crypto enthusiasts remain strong in the market as some anticipate a parabolic move up.<\/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> getting ready for the next parabolic move up! <a href=\"https:\/\/t.co\/IRvzMNqcrZ\">pic.twitter.com\/IRvzMNqcrZ<\/a><\/p>\n<p>&mdash; Mister Crypto (@misterrcrypto) <a href=\"https:\/\/twitter.com\/misterrcrypto\/status\/1783808238317969914?ref_src=twsrc%5Etfw\">April 26, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Crypto Tony, a popular trader and analyst, says Bitcoin still has some upside potential left despite the recent all-time high of $73,777.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">New highs for <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> is inevitable IMO. I cannot see how that was the top<\/p>\n<p>&mdash; Crypto Tony (@CryptoTony__) <a href=\"https:\/\/twitter.com\/CryptoTony__\/status\/1783768980186095663?ref_src=twsrc%5Etfw\">April 26, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Elsewhere, crypto market watchers are bewildered by the epic sale of the &ldquo;Buy Bitcoin&rdquo; sign shown behind Janet Yellen at a congressional testimony in 2017. Based on a Bloomberg <a href=\"https:\/\/t.co\/HXT5HFeYId\" target=\"_blank\" rel=\"noopener\">report<\/a>, the sign has sold for $1 Million at an auction conducted by Scarce City at PubKey. Pubkey is a Bitcoin-themed bar in New York City.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A yellow legal pad with \"Buy Bitcoin\" scribbled on it &ndash; the type that will cost you $8.99 for a three-pack on Amazon &mdash; just sold for $1.027 million during an auction <a href=\"https:\/\/t.co\/HXT5HFeYId\">https:\/\/t.co\/HXT5HFeYId<\/a><\/p>\n<p>&mdash; Bloomberg Markets (@markets) <a href=\"https:\/\/twitter.com\/markets\/status\/1783279161743667549?ref_src=twsrc%5Etfw\">April 24, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Reportedly, the online auction came soon after the Bitcoin price attained an all-time high. &nbsp;According to the auction house that facilitated the deal, <a href=\"http:\/\/scarce.city\/\" target=\"_blank\" rel=\"noopener\">Scarce.City<\/a>, this was a record amount for the auction platform.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">And that's a wrap on one of the most ICONIC pieces of Bitcoin history. &#127942;&#127870;<\/p>\n<p>Made a little history of our own &hellip; meet the official new <a href=\"https:\/\/t.co\/rNz9DWL5WE\">https:\/\/t.co\/rNz9DWL5WE<\/a> record. &#127941; <a href=\"https:\/\/t.co\/3ixQmEHbd0\">pic.twitter.com\/3ixQmEHbd0<\/a><\/p>\n<p>&mdash; Scarce.City (@scarcedotcity) <a href=\"https:\/\/twitter.com\/scarcedotcity\/status\/1783276861159829875?ref_src=twsrc%5Etfw\">April 24, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The individual who photo-bombed Janet Yellen with the &ldquo;Buy Bitcoin&rdquo; sign seven years ago received 16 BTC (over $1 million) from Justin, alias Squirrekkywrath.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Congratulations to Justin, A.K.A. Squirrekkywrath, winner of the <a href=\"https:\/\/twitter.com\/hashtag\/BitcoinSignGuy?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinSignGuy<\/a> auction for 16 <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a>. &#127942;<a href=\"https:\/\/twitter.com\/tpacchia?ref_src=twsrc%5Etfw\">@tpacchia<\/a> Get this man a Whale! &#128051; <a href=\"https:\/\/t.co\/DPpczcEzkJ\">pic.twitter.com\/DPpczcEzkJ<\/a><\/p>\n<p>&mdash; PUBKEY (@PubKey_NYC) <a href=\"https:\/\/twitter.com\/PubKey_NYC\/status\/1783275932058296353?ref_src=twsrc%5Etfw\">April 24, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the head of research at Galaxy, Alex Thorn, the new owner of the yellow pad is a &ldquo;Bitcoin OG that no one has ever heard of.&rdquo; Christian Langalis, who had held up the sign in 2017, told CoinDesk that proceeds from the auction will go to fund a Bitcoin layer-2 startup called Tirrel Corp.<\/p>\n<p>This firm is developing a Bitcoin Lightning network wallet on Urbit. Langalis had been escorted out of the building for violating committee rules.<\/p>\n<h2>Bitcoin Price Outlook As Markets Head Into The Weekend<\/h2>\n<p>The Bitcoin price is in a tough place, stuck between an area of strong bearish activity to the top and strong bullish activity to the bottom. To get out of here, Bitcoin price needs a catalyst to push it to the north. Some say this could be Hong Kong exchange-traded funds (ETFs) trading, expected to begin on Monday.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Usually what happens when the market looks like this is&hellip;<\/p>\n<p>&mdash; Kyle Chass&eacute; (@kyle_chasse) <a href=\"https:\/\/twitter.com\/kyle_chasse\/status\/1783782919623823575?ref_src=twsrc%5Etfw\">April 26, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Increased bullish momentum could see the Bitcoin price extend north, overcoming immediate resistance at $65,596. A strong move above this level could send BTC price higher, into the levels above the $68,000 psychological level, effectively escaping the area of huge bearish activity , represented by the large spikes on the volume profile (grey).<\/p>\n<p>A decisive move above $69,032 would draw in more bulls, potentially sending the Bitcoin price above the $70,000 threshold. In a highly bullish case, BTC could extend a neck higher, clearing the $71,311 blockade as it reaches to reclaim its all-time high of $73,777, recorded on March 13.<\/p>\n<p>Investors looking to take long positions for BTC, however, should wait for a decisive move of the Relative Strength Index (RSI) above the mean level of 50. This would be reinforced by a flip of the Moving Average Convergence Divergence (MACD) into positive territory, with the MACD line above the signal line suggesting an incoming bullish cycle.<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/BTCUSDT_2024-04-26_13-45-34.png\"><img decoding=\"async\" class=\"aligncenter wp-image-512713 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/BTCUSDT_2024-04-26_13-45-34.png\" alt=\"Bitcoin price\" width=\"1273\" height=\"540\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/BTCUSDT_2024-04-26_13-45-34.png 1273w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/BTCUSDT_2024-04-26_13-45-34-300x127.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/BTCUSDT_2024-04-26_13-45-34-1024x434.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/BTCUSDT_2024-04-26_13-45-34-768x326.png 768w\" sizes=\"(max-width: 1273px) 100vw, 1273px\"><\/a><\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/x\/l9bQyJxa\/\" target=\"_blank\" rel=\"noopener\">TradingView: BTC\/USDT 12-hour chart<\/a><\/p>\n<h4><strong>Converse Case<\/strong><\/h4>\n<p>On the other hand, if the bearish volume profile holds as a resistance around $66,613, the Bitcoin price could drop. Bearish momentum overpowering bullish effort sprouting around the yellow spikes of the volume profile could send Bitcoin price below the $62,000 base.<\/p>\n<p>In a dire case, the Bitcoin price could slip lower into the liquidity pool that stretches from $60,660 to around $59,005, which acts as a magnet for the price before a balance in the market can be achieved. Notably, when liquidity remains uncollected, there is instability in price until such orders are filled.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a>   <\/p>\n<p>Bitcoin continues to reject from the $65600 resistance (black) after failing to reclaim it as support<\/p>\n<p>Bitcoin has been producing downside wicks into this $60600 pool of liquidity (green) for multiple weeks now<\/p>\n<p>If Bitcoin continues to slide, there's a chance price could&hellip; <a href=\"https:\/\/t.co\/yjyhFqFKuB\">https:\/\/t.co\/yjyhFqFKuB<\/a> <a href=\"https:\/\/t.co\/CNwxP4GvTq\">pic.twitter.com\/CNwxP4GvTq<\/a><\/p>\n<p>&mdash; Rekt Capital (@rektcapital) <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1783489912999645450?ref_src=twsrc%5Etfw\">April 25, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As Bitcoin works out its next move, investors might consider BTCMTX, a Bitcoin derivative that has less than two days left before its presale closes.<\/p>\n<p><iframe title=\"WILL BTCMTX RALLY AFTER LAUNCH?&#128680; (Bitcoin Minetrix Presale Review)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/Zvv-ptYshTg?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<h2>Promising Alternative To Bitcoin<\/h2>\n<p>BTCMTX is a stake-to-mine project featuring among analysts&rsquo; <a href=\"https:\/\/www.linkedin.com\/pulse\/next-100x-crypto-invest-our-top-picks-massive-gains-calsona-rujqe\" target=\"_blank\" rel=\"noopener\">top picks for the next 100X crypto to invest in with potential for massive gains<\/a>. It is the ticker for the <a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinminetrix\" target=\"_blank\" rel=\"noopener nofollow\">Bitcoin Minetrix<\/a> ecosystem, a cloud-mining project making Bitcoin ownership achievable even for the ordinary folk.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Introducing the concept of <a href=\"https:\/\/twitter.com\/hashtag\/CloudMining?src=hash&amp;ref_src=twsrc%5Etfw\">#CloudMining<\/a> for $BTC&#9889;&#65039;&#128187;<\/p>\n<p>Cloud mining allows individuals to engage in <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> mining without the hassle of owning or handling the hardware themselves.<\/p>\n<p>Exploring the benefits:<\/p>\n<p>&#128176;No upfront hardware costs.<br>&#128295;Requires only basic technical knowledge. <a href=\"https:\/\/t.co\/0rke3tRJ5l\">pic.twitter.com\/0rke3tRJ5l<\/a><\/p>\n<p>&mdash; Bitcoinminetrix (@bitcoinminetrix) <a href=\"https:\/\/twitter.com\/bitcoinminetrix\/status\/1783405639693115852?ref_src=twsrc%5Etfw\">April 25, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Bitcoin Minetrix challenges the traditional way of mining BTC, delivering benefits including cost-effectiveness and ease of use and navigation, thus ensuring you avoid stressors like noise and heat.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/BTCMTX?src=hash&amp;ref_src=twsrc%5Etfw\">#BTCMTX<\/a> offers a dependable cloud mining solution for all.<\/p>\n<p>Past concerns about expensive hardware and deceitful cloud mining schemes have deterred many from joining this field.<\/p>\n<p>This decentralized method ensures transparency and a secure mining journey. &#9881;&#65039;&#128142; <a href=\"https:\/\/t.co\/UbqrgH2GMh\">pic.twitter.com\/UbqrgH2GMh<\/a><\/p>\n<p>&mdash; Bitcoinminetrix (@bitcoinminetrix) <a href=\"https:\/\/twitter.com\/bitcoinminetrix\/status\/1783043253366837729?ref_src=twsrc%5Etfw\">April 24, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The mechanism that underpins this value addition is cloud-mining, an approach that is unique, decentralizing and tokenizing the entire process for maximum user convenience.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Simplifying your <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> mining journey with <a href=\"https:\/\/twitter.com\/hashtag\/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinMinetrix<\/a>! &#9874;&#65039;<\/p>\n<p>Discover a tokenized cloud mining platform designed for everyone.<\/p>\n<p>Safely and openly mine <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> with a decentralized strategy! &#128736;&#65039;&#127775; <a href=\"https:\/\/t.co\/NCwAZVh6Ud\">pic.twitter.com\/NCwAZVh6Ud<\/a><\/p>\n<p>&mdash; Bitcoinminetrix (@bitcoinminetrix) <a href=\"https:\/\/twitter.com\/bitcoinminetrix\/status\/1783164127457808398?ref_src=twsrc%5Etfw\">April 24, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>So far, presale sales have reached $13.38 million.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/BTCMTX?src=hash&amp;ref_src=twsrc%5Etfw\">#BTCMTX<\/a> Announcement! &#128226;<\/p>\n<p>The final stage of <a href=\"https:\/\/twitter.com\/hashtag\/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinMinetrix<\/a> will be ending on April, 28th at 12 pm UTC! &#9200;<\/p>\n<p>Followed by the Claim event scheduled for April, 30th at 10 pm UTC! &#128640;<\/p>\n<p>Mark your calendars to ensure you don't miss out on these important dates! &#128467;&#65039; <a href=\"https:\/\/t.co\/s8RSTqlj6I\">pic.twitter.com\/s8RSTqlj6I<\/a><\/p>\n<p>&mdash; Bitcoinminetrix (@bitcoinminetrix) <a href=\"https:\/\/twitter.com\/bitcoinminetrix\/status\/1782427947640508812?ref_src=twsrc%5Etfw\">April 22, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>BTCMTX tokens are available for $0.0148 each, with the claim event scheduled for April 30. If you are interested, buy now before it&rsquo;s too late.<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinminetrix\" target=\"_blank\" rel=\"noopener nofollow\">Visit and buy Bitcoin Minetrix here<\/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:\/\/insidebitcoins.com\/news\/official-oboypapi-shares-a-new-way-to-earn-bitcoin-with-the-bitcoin-minetrix-stake-to-mine-approach\">Official Oboypapi Shares a New Way to Earn Bitcoin with the Bitcoin Minetrix Stake-to-Mine Approach<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/filipino-youtuber-alrock-reviews-the-new-stake-to-mine-crypto-bitcoin-minetrix\">Filipino YouTuber ALROCK Reviews the New Stake-to-Mine Crypto &ndash; 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Trading volume has dropped <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/bitcoin-minetrix\" title=\"Bitcoin Minetrix\">[&#8230;]<\/a><\/div>","protected":false},"author":1911,"featured_media":512716,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-512712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Prediction: As \u201cBuy Bitcoin\u201d Sign Behind Janet Yellen Sells For $1M, Investors Flock To This BTC Derivative With Less Than Two Days Left - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"The Bitcoin price is up a fraction in the past 24 hours to trade for $64,225 as of 06:50 a.m. EST. 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