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Bitcoin price is up 7.5% in the last 24 hours trading at $45,769 at 4:13 a.m. EST, as its trading volume increased 88% to $26.8 billion.
The momentum is fueled by the excitement surrounding spot ETFs as the SEC reviews paperwork ahead of their likely approval on Jan. 10.
Rumors are swirling that the Bitcoin spot ETF will be approved this week. Get prepared
– Lark Davis (@TheCryptoLark) January 2, 2024
Bitcoin Price: Bulls Break $45,000 Resistance
The price of Bitcoin has surpassed the $45,000 threshold, continuing the upward trend after a brief consolidation.
The overall sentiment towards BTC remains bullish as it maintains its position above the 50-day and 200-day simple moving averages (SMA), affirming bullish momentum and establishing upcoming support levels.
The Relative Strength Index (RSI) is currently on an upward trajectory, positioned above the mid-level of 50 at 65. If this momentum sustains, there is a chance that the RSI could rise beyond the overbought level of 70, which means an escalation in purchasing pressure.
Bitcoin price prediction
The successful overcoming of the $45,000 resistance has put BTC on an upward trajectory as bullish investors focus on reaching the $50,000 mark.
Once Bitcoin spot ETFs are approved, Bitcoin price could skyrocket to $50,000 within a month, Matrixport says.
Anticipate a substantial #Bitcoin surge to $50,000 in January, driven by an impending #BitcoinSpot #ETF approval, institutional purchases and factors such as supply shortages and historical trends, with potential for #altcoin season and a financing rate that reaches +66%.
Read the full… pic.twitter.com/sueG5LqENp
-Matrixport (@realMatrixport) January 2, 2024
With the hype surrounding Bitcoin spot ETFs, investors are quickly snapping up BTCMTX. The approval of Bitcoin spot ETFs is expected to generate substantial gains for BTCMTX. Experts predict an easy 10x return on investment for first-time buyers.
Bitcoin Minetrix Gets $7.2 Million, Buy Fast
Bitcoin Minetrix (BTCMTX) is closing in on its $7.9 million goal, and has already raised $7.2 million. Investors have just under four days left to participate in the pre-sale at the current discounted price of $0.0126 before it rises in the later stage.
🎉 Happy New Year, #BTCMTX Community! 🚀
Exceeding $7,200,000 is a stellar way to start 2024.
Here’s to an amazing year ahead!#Happy new year #CryptoMilestone pic.twitter.com/IGO0Jv70AA
—Bitcoinminetrix (@bitcoinminetrix) January 2, 2024
BTCMTX is a Bitcoin cloud mining platform that provides an innovative solution to the problems associated with conventional Bitcoin mining methods, criticized for their environmental consequences and significant barriers to entry.
#BTCMTX provides a safe haven in cloud mining for everyone #Crypto fans.🌐
Historical concerns about expensive equipment and dubious cloud mining setups have deterred many from participating.
This decentralized method ensures a clear and protected mining journey.🔒 pic.twitter.com/sNd8354pKR
—Bitcoinminetrix (@bitcoinminetrix) January 1, 2024
An opportunity to earn passive income
There is also the opportunity to generate passive income through the gamble function to mine, offering an annual percentage yield (APY) of 88%.
Additionally, you can participate in the $30,000 Minedrop Airdrop, where you can be one of ten winners eligible to receive a $3,000 reward.
Conor Kenny, a cryptocurrency expert with a YouTube channel that has earned over 173,000 subscribers, recently showcased Bitcoin Minetrix in one of his videos. In the video, he provided information on how to purchase the cryptocurrency and maximize profits through its mining staking feature.
To participate in the pre-sale, connect your Web3 wallet to the BTCMTX website and exchange your ETH or USDT for BTCMTX tokens, or buy directly with your bank card.
Related news
New crypto mining platform: Bitcoin Minetrix
- Audited by Coinsult
- Secure and decentralized cloud mining
- Earn free Bitcoin daily
- Native Token on Pre-Sale Now – BTCMTX
- Staking Rewards: Over 100% APY
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