Bitcoin Price Prediction: BTC Surpasses $44,000 as BTC Whales Hit Multi-Month High and Analysts Say This Bitcoin Derivative Could Gain 10x| Trending Viral hub

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Bitcoin price rose 3% in the last 24 hours trading at $44,572 At 12:43 a.m. EST, trading volume increased 38% to $23 billion.

This comes when cryptanalyst Ali Martínez pointed out that the number of BTC whales that are increasing their assets The accumulation has reached a multi-month high of 73.

These individuals own more than 1,000 tokens, totaling around $44 million.

This helped BTC surpass $44,000 for the first time since January 12.

Bitcoin Price Breaks Above the Upper Boundary of the Ascending Triangle

Bitcoin Price Chart Analysis Source:
BTCUSD Chart Analysis Source:

Bitcoin price has recently been in an uptrend, as evidenced by the formation of the margin phase, before the price consolidated around $42,800.

The consolidation phase has resulted in equal highs and higher lows, which has resulted in price compression. This has led to the formation of the ascending triangle, which has resulted in a break above the $43,850 resistance level.

BTC price is trading above the 50-day and 200-day simple moving averages, indicating bullish momentum. The moving average crossover is at the $42,870 level, indicating that the price may rise further.

Furthermore, the BTC fear and greed index is at the greed level of 66, which may be an indication that investors are feeling confident about the current BTC rally.

The Relative Strength Index is currently above the overbought region of 70 at 73, indicating intense buying, affirming the current bullish momentum.

bitcoin price

Furthermore, the Moving Average Convergence Divergence (MACD) line (blue) is placed above the signal line (orange), indicating an uptrend for BTC price and also the best time to buy.

The histogram shows green upward bars, further strengthening the bullish outlook for BTC price.

Furthermore, the average directional index (ADX) is still below 20 in 18, showing a slightly weak trend. However, the ADX is moving north which may surpass the 25 level, indicating that the BTC price is rising.

Bitcoin price prediction

Current long-term Bitcoin price technical analysis indicates that BTC is in an uptrend, as confirmed by the price breakout above the ascending triangle pattern.

The RSI is trading above the overbought region of 70, indicating a possible price correction to create more positions for the bulls. In such a scenario, $40,259 acts as the best support zone. This could be a base that allows the bulls to push the price to its previous high of $49,000.

Meanwhile, as Bitcoin bulls wait for clearer directional signals, analysts say Bitcoin Minetrix is ​​emerging as a compelling Bitcoin alternative to buy now with a 10x potential at launch.

BTCMTX Secures $10.4 Million – Best Bitcoin Alternative to Buy Now

The Bitcoin Minetrix (BTCMTX) The pre-sale has secured over $10.4 million in advance funding as it moves toward its $11.2 million goal.

Historically, Bitcoin mining has been complex and resource demanding, requiring specialized hardware and technical proficiency.

Bitcoin Minetrix represents an innovative project that uses decentralized cloud mining to democratize the accessibility of crypto mining. Participating in the Bitcoin Minetrix pre-sale offers the opportunity to participate in Bitcoin mining regardless of your experience, and at the same time earn rewards.

To join the pre-sale, you can purchase BTCMTX tokens at a rate of $0.0133 per token. But that price will increase in less than two days, so now is the best time to buy.

Join BTCMTX, Bet, 10x Returns

Bitcoin Minetrix presents stake to mine, allowing you to easily stake BTCMTX tokens for an impressive 64% Annual Percentage Yield (APY). By staking BTCMTX you will also earn tradable ERC-20 token credits, which are burned in exchange for BTC cloud mining power.

Furthermore, participating in purchases and betting automatically places you as a contender in the $30,000 mine throwing contest. Ten winners will be selected from all entries and each will receive a $3,000 prize.

YouTube cryptocurrency analyst Jacob Bury says BTCMTX has the potential to rise 10x after launch.

To participate in the pre-sale, visit the official website of BTCMTX and exchange your ETH or USDT for BTCMTX. You can also make purchases directly with your bank card.

Related news

New crypto mining platform: Bitcoin Minetrix

Bitcoin Minetrix
  • Audited by Coinsult
  • Secure and decentralized cloud mining
  • Earn free Bitcoin daily
  • Native Token on Pre-Sale Now – BTCMTX
  • Staking Rewards: Over 50% APY

Bitcoin Minetrix

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