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<p><span style="font-weight: 400;">The Bitcoin price soared 4.8% in the last 24 hours </span><a style="font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); text-align: var(--bs-body-text-align); -webkit-tap-highlight-color: transparent;" href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">to trade at $41,875</a><span style="font-weight: 400;"> as of 12:05 a.m. EST on trading volume that surged 102% to $21 billion.</span></p>
<p style="font-weight: 400;"><span style="font-weight: 400;">This comes as crypto analyst Jason Pizzino, with 307k YouTube subscribers, says that after Bitcoin hits $49,000 in the second half of this year, BTC and other cryptos will ”go ballistic,” along with the S&amp;P 500, NASDAQ, and real estate prices.&nbsp;</span></p>
<p><iframe title="Right NOW This REPEATING Bitcoin Pattern REVEALS Crypto 25X! (Watch ASAP)" width="640" height="360" src="https://www.youtube.com/embed/7V37bz3s_UI?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p>“And then we really need to get serious about where we start to take profits,” he added</p>
<h2 id="span-style-font-weight-400-bitcoin-price-poised-to-reclaim-previous-high-above-the-falling-wedge-pattern-span-span-style-font-weight-400-span"><span style="font-weight: 400;">Bitcoin Price Poised To Reclaim Previous High Above The Falling Wedge Pattern</span><span style="font-weight: 400;">&nbsp;</span></h2>
<p style="font-weight: 400;"><img decoding="async" class="alignnone size-full wp-image-475625" src="https://insidebitcoins.com/wp-content/uploads/2024/01/IMG_6730.png" alt="Bitcoin Price" width="1600" height="688" srcset="https://insidebitcoins.com/wp-content/uploads/2024/01/IMG_6730.png 1600w, https://insidebitcoins.com/wp-content/uploads/2024/01/IMG_6730-300x129.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/01/IMG_6730-1024x440.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/01/IMG_6730-768x330.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/01/IMG_6730-1536x660.png 1536w" sizes="(max-width: 1600px) 100vw, 1600px"></p>
<p style="font-weight: 400;"><span style="font-weight: 400;">The price of Bitcoin is showing signs of a bullish rally as it breaks out of a falling wedge pattern. The bulls found support on the upper boundary of the wedge at $39950, quickly rebounding resulting in a push upward in the price.</span></p>
<p style="font-weight: 400;"><span style="font-weight: 400;">Despite the bullish move, the bulls still face a hurdle with the 200 simple moving average (SMA) support, but the 50 SMA on the 4-hour chart supports the Bitcoin price trading at $40,762&nbsp;</span></p>
<p style="font-weight: 400;"><span style="font-weight: 400;">The Relative Strength Index (RSI) indicates a rebound from the 30 oversold region, surging past the midline level of 50 to 65. If the bullish move continues, it could push the RSI to the overbought zone, confirming the rally.</span></p>
<h2 id="span-style-font-weight-400-bitcoin-price-prediction-the-bulls-target-49-000-zone-span"><span style="font-weight: 400;">Bitcoin Price Prediction: The Bulls Target&nbsp; $49,000 Zone</span></h2>
<p style="font-weight: 400;"><span style="font-weight: 400;">The falling wedge pattern has given the bullish traders a little boost to overcome the 50 SMA as price aims to break the $44,690 resistance that could confirm a bull rally in the coming weeks as traders anticipate a reclaim of the previous high at $49,102.</span></p>
<p style="font-weight: 400;"><span style="font-weight: 400;">However, many investors are turning to Bitcoin Minetrix to diversify their portfolio for lucrative returns as the token closes in on $10 million in funds raised.</span></p>
<h2 id="span-style-font-weight-400-btcmtx-presale-secures-9-5-million-closes-in-on-10-million-goal-span"><span style="font-weight: 400;">BTCMTX Presale Secures $9.5 Million, Closes In On $10 Million Goal</span></h2>
<p style="font-weight: 400;"><a href="https://insidebitcoins.com/visit/bitcoinminetrix/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">The Bitcoin Minetrix (BTCMTX)</span></a><span style="font-weight: 400;"> presale has already secured over $9.5 million as it races towards its </span><span style="font-weight: 400;">$10.3 million target with less than four days until a price hike.&nbsp;</span></p>
<p style="font-weight: 400;"><span style="font-weight: 400;">You can buy BTCMTX tokens at the current price of $0.0131 before it increase in the upcoming stage.</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> has successfully raised more than $9,400,000! 🪙 <a href="https://t.co/4jFDiFu5wJ" rel="noopener noreferrer nofollow">pic.twitter.com/4jFDiFu5wJ</a></p>
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1750847015259406374?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 26, 2024</a></p>
</blockquote>
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<h2 id="span-style-font-weight-400-stake-to-mine-earn-passive-income-span"><span style="font-weight: 400;">Stake-To-Mine, Earn Passive Income</span></h2>
<p style="font-weight: 400;"><span style="font-weight: 400;">The Bitcoin Minetrix cloud mining platform has been designed to give users full control over their mining endeavours through its </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">stake-to-mine</span></a><span style="font-weight: 400;"> functionality. When you stake your BTCMTX tokens, you gain cloud mining credits that enable you to engage in decentralized Bitcoin mining and protect yourself from third-party cloud mining platform scams.&nbsp;</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Exploring the advantages of <a href="https://twitter.com/hashtag/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinMinetrix</a>:</p>
 <p>🌐 Convenient access made easy.<br>💲 Enhanced efficiency with a streamlined cost structure.<br>🔄 Enjoy peace of mind, free from concerns about resale value.</p>
 <p>Knowing the benefits is key! 🚀 <a href="https://twitter.com/hashtag/BitcoinMining?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinMining</a> <a href="https://twitter.com/hashtag/MiningEfficiency?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MiningEfficiency</a> <a href="https://t.co/tBCVjFELBO" rel="noopener noreferrer nofollow">pic.twitter.com/tBCVjFELBO</a></p>
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1750564335061966997?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 25, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p style="font-weight: 400;"><span style="font-weight: 400;">Furthermore, the platform offers a chance to earn passive income </span><span style="font-weight: 400;">through staking</span><span style="font-weight: 400;"> with BTCMTX. Staking will earn rewards in the staking pool and an annual pay yield of 71%. Currently, over 598 million tokens have already been staked.</span></p>
<h2 id="span-style-font-weight-400-participate-in-the-minedrop-airdrop-competition-span"><span style="font-weight: 400;">Participate In The Minedrop Airdrop Competition</span></h2>
<p style="font-weight: 400;"><span style="font-weight: 400;">Buying BTCMTX tokens allows you to participate in the </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Minedrop Airdrop Competition</span></a><span style="font-weight: 400;">, which offers a chance to compete for a $30,000 prize pool, where you could be one of the fortunate ten winners to receive a $3,000 reward.</span></p>
<p style="font-weight: 400;"><span style="font-weight: 400;">Conor Kenny, a crypto analyst on YouTube with over 179k subscribers, says that early entry into the presale will guarantee a high return once the token is launched on major exchanges.</span></p>
<p><iframe title="NEW Altcoin Presale Bitcoin Minetrix MINES $BTC For YOU!!!" width="640" height="360" src="https://www.youtube.com/embed/HY1POVOEnxg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p style="font-weight: 400;"><span style="font-weight: 400;">To join, visit the </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">BTCMTX website</span></a><span style="font-weight: 400;">, connect your digital wallet, and swap your ETH or USDT for BTCMTX tokens. You can also buy directly using your bank card.</span></p>
<h2 id="related-news">Related News</h2>
<ul>
 <li style="font-weight: 400;" aria-level="1"><a href="https://www.linkedin.com/pulse/best-penny-crypto-investments-top-picks-explosive-growth-calsona-j8nhe" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">🚀 Best Penny Crypto Investments: Top Picks for Explosive Growth in 2024! 🚀</span></a></li>
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 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">How to Buy Bitcoin Online Safely</span></a></li>
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Bitcoin Price Prediction: Top Analyst Says BTC To ”Go Ballistic” After Hitting $49K As This Bitcoin Derivative Closes On $10 Million

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