Bitcoin

Million

Billion

Rise

Divergence

<p><span style="font-weight: 400;">The Bitcoin price has dropped by 2.2% in the last 24 hours to trade at </span><a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">$40.9K</span></a><span style="font-weight: 400;"> as of 9:30 a.m. EST.&nbsp;</span></p>
<h2 id="span-style-font-weight-400-bitcoin-price-prediction-span"><span style="font-weight: 400;">Bitcoin Price Prediction</span></h2>
<p><span style="font-weight: 400;">An in-depth analysis of 2-hour BTC/USD charts shows that the Bitcoin price has fallen below the 20-period simple moving average (SMA), which typically stands as a bearish signal.&nbsp;</span></p>
<p><span style="font-weight: 400;">Turning our attention to the Relative Strength Index (RSI), which measures the magnitude of recent price changes to evaluate overbought or oversold conditions, we see a reading below the 50 mark. </span></p>
<p><span style="font-weight: 400;">This move into the lower half of the RSI spectrum signals that bears are currently in control, pushing the price downwards. The RSI has not yet reached the oversold territory, indicating that there might still be room for the price to drop further before a potential reversal.</span></p>
<p><span style="font-weight: 400;">Moreover, the Moving Average Convergence Divergence (MACD), a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price, is in the negative territory. This bearish crossover suggests that the downward momentum in Bitcoin’s price is strengthening.</span></p>
<p><span style="font-weight: 400;">The Awesome Oscillator (AO), designed to measure market momentum, shows a red bar, reinforcing the bearish sentiment portrayed by the MACD. The increase in the red histogram bars indicates that the bearish momentum could continue.</span></p>
<p><img decoding="async" class="alignnone size-full wp-image-474118" src="https://insidebitcoins.com/wp-content/uploads/2024/01/Apex_1705934658917.png" alt="" width="2526" height="1258" srcset="https://insidebitcoins.com/wp-content/uploads/2024/01/Apex_1705934658917.png 2526w, https://insidebitcoins.com/wp-content/uploads/2024/01/Apex_1705934658917-300x149.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/01/Apex_1705934658917-1024x510.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/01/Apex_1705934658917-768x382.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/01/Apex_1705934658917-83x40.png 83w, https://insidebitcoins.com/wp-content/uploads/2024/01/Apex_1705934658917-1536x765.png 1536w, https://insidebitcoins.com/wp-content/uploads/2024/01/Apex_1705934658917-2048x1020.png 2048w" sizes="(max-width: 2526px) 100vw, 2526px"></p>
<p style="text-align: center;">2-hour BTC/USD charts | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol=CRYPTO%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p>
<h2 id="span-style-font-weight-400-implications-for-the-bitcoin-price-trajectory-span"><span style="font-weight: 400;">Implications for the Bitcoin Price Trajectory</span></h2>
<p><span style="font-weight: 400;">Considering the technical analysis, the immediate outlook for Bitcoin appears bearish. Investors might brace themselves for further declines if the support levels do not hold. However, it is also essential to recognize that Bitcoin is known for its rapid and unexpected reversals, and any news or market stimulus could trigger a trend reversal.</span></p>
<p><span style="font-weight: 400;">In line with this, analysts now look to the halving event as the next catalyst for a Bitcoin price pump.&nbsp;</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">When the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> halving occurs, it's going to create a supply shock for Bitcoin.</p>
 <p>The demand will greatly exceed the supply.</p>
 <p>Then we will see the start the biggest bull run in history.</p>
 <p>— Crypto Rover (@rovercrc) <a href="https://twitter.com/rovercrc/status/1749439020646686981?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 22, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">While Bitcoin’s price struggles, the Bitcoin Minetrix ICO has surged past $9 million mark as it heads towards its $9.9 million target with each BTCMTX token priced at $0.013. Analysts rank it </span><span style="font-weight: 400;">among </span><a href="https://www.linkedin.com/pulse/best-crypto-watch-2024-top-5-cryptocurrencies-high-calsona-f8pve" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">2024’s top presales</span></a><span style="font-weight: 400;">.</span></p>
<h2 id="span-style-font-weight-400-a-compelling-alternative-span"><span style="font-weight: 400;">A Compelling alternative?</span></h2>
<p><span style="font-weight: 400;">BTCMTX is the token that powers the </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin Minetrix</span></a><span style="font-weight: 400;"> project, which has introduced tokenized cloud mining, a groundbreaking approach enabling community members to engage in decentralized Bitcoin mining.&nbsp;</span></p>
<p><span style="font-weight: 400;">Traditional Bitcoin mining has deterred many potential participants due to the excessive costs associated with hardware and the prevalence of fraudulent schemes. </span><span style="font-weight: 400;">Bitcoin Minetrix</span><span style="font-weight: 400;"> addresses these concerns, offering protection to investors and alleviating the challenges of conventional mining, such as steep electricity expenses and the requirement for substantial physical space.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinMinetrix</a> revitalizes the landscape of cloud mining by merging stakeholding and cloud mining.</p>
 <p>Pioneering tokenized cloud mining focusing on transparency, autonomy, and security, <a href="https://twitter.com/hashtag/BTCMTX?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCMTX</a> is dedicated to providing a reliable pathway for <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> mining enthusiasts. 🌐⚒️ <a href="https://t.co/Mrxv0Hnrst" rel="noopener noreferrer nofollow">pic.twitter.com/Mrxv0Hnrst</a></p>
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1749356290420203535?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 22, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>To mine Bitcoin with Bitcoin Minetrix, users need to stake BTCMTX tokens on the Ethereum network through their Stake-to-Mine model, which allows them to earn Bitcoin (BTC) rewards for participating in the mining process.</p>
<p><span style="font-weight: 400;">With the upcoming halving event slated for early April, </span><a href="https://www.linkedin.com/pulse/bitcoin-price-prediction-experts-forecast-bullish-trends-calsona-o1vue" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">analysts expect</span></a><span style="font-weight: 400;"> the Bitcoin price to perform well this year. In light of this, analyst Jacob Bury identifies BTCMTX as one of the top three presales in 2024, and says it has the potential for 10x gains on launch.</span></p>
<p><iframe title="YouTube video player" src="https://www.youtube.com/embed/WB_5wNEXtQc?si=i_hIGpVwAoDkdnIx" width="560" height="315" frameborder="0" allowfullscreen></iframe></p>
<p><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Visit Bitcoin Minetrix here</span></a><span style="font-weight: 400;"> before the presale ends.</span></p>
<h2 id="span-style-font-weight-400-related-news-span"><span style="font-weight: 400;">Related News</span></h2>
<ul>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/bitcoin-price-prediction-as-bitcoin-etfs-attract-almost-4-billion-in-assets-this-btc-derivative-ico-blasts-past-9-million" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin Price Prediction: As Bitcoin ETFs Attract Almost $4 Billion In Assets, This BTC Derivative ICO Blasts Past $9 Million</span></a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/how-to-buy-bitcoin-minetrix-on-presale-alessandro-de-crypto-video-review" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">How To Buy Bitcoin Minetrix On Presale – Alessandro De Crypto Video Review</span></a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/bitcoin-minetrix-presale-has-just-hours-left-last-chance-to-buy-before-price-rise" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin Minetrix Presale Has Just Hours Left: Last Chance to Buy Before Price Rise</span></a></li>
</ul>
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Bitcoin Price Prediction: BTC Drops More Than 2% As Bitcoin Minetrix Surges Towards $10 Million Funds Raised

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