Bitcoin ETF

Bitcoin

Million

<p><span style="font-weight: 400;">The Bitcoin price has jumped by 1.7% 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;">$42.5K</span></a><span style="font-weight: 400;"> as of 1:09 a.m. EST.&nbsp;</span></p>
<p><span style="font-weight: 400;">The recent pump comes as BlackRock’s iShares Bitcoin ETF (IBIT) achieved an impressive milestone by amassing $2 billion in managed assets on Friday, a first for recently launched spot Bitcoin ETFs.&nbsp;</span><span style="font-weight: 400;">IBIT now ranks as the third most successful in terms of asset accumulation among the more than 600 ETFs launched in the past year in the US.&nbsp;</span></p>
<h2 id="span-style-font-weight-400-bitcoin-price-prediction-how-high-can-it-go-span"><span style="font-weight: 400;">Bitcoin Price Prediction: How High Can It Go?</span></h2>
<p><span style="font-weight: 400;">Looking at an in-depth analysis of 2-hour BTC/USD charts, we see that the Bitcoin price is currently near the upper band of the Bollinger Bands (BB), suggesting it might be in the higher volatility range. The price is also moving above the 20-period Moving Average (Orange line) which generally indicates bullish momentum as bulls look to drive the Bitcoin price higher.</span></p>
<p><span style="font-weight: 400;">The Awesome Oscillator (AO) histograms show the market momentum. The transition from red to green bars indicates a change from bearish to bullish momentum. The </span><span style="font-weight: 400;">Average Directional Index (ADX), the red line below the AO that’s also used in measuring the strength of a trend, is around 34, well above the 25 level that’s considered to indicate a strong trend.</span></p>
<p><span style="font-weight: 400;">The chart has also displayed a couple of Bullish Engulfing candle stick patterns, labeled (BE), a good indication of bullish dominance.</span></p>
<p><img decoding="async" class="alignnone size-full wp-image-475844" src="https://insidebitcoins.com/wp-content/uploads/2024/01/Apex_1706422095313.png" alt="" width="2528" height="1264" srcset="https://insidebitcoins.com/wp-content/uploads/2024/01/Apex_1706422095313.png 2528w, https://insidebitcoins.com/wp-content/uploads/2024/01/Apex_1706422095313-300x150.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/01/Apex_1706422095313-1024x512.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/01/Apex_1706422095313-768x384.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/01/Apex_1706422095313-1536x768.png 1536w, https://insidebitcoins.com/wp-content/uploads/2024/01/Apex_1706422095313-2048x1024.png 2048w" sizes="(max-width: 2528px) 100vw, 2528px"></p>
<p style="text-align: center;">2-hour BTC/USD chart | 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-bitcoin-price-prediction-what-are-the-chances-of-a-bearish-reversal-span"><span style="font-weight: 400;">Bitcoin Price Prediction: What Are The Chances Of A Bearish Reversal?</span></h2>
<p><span style="font-weight: 400;">The Relative Strength Index (RSI) is oscillating around the 70 level with a reading above 70 typically indicating that an asset may be overbought and could be due for a pullback or consolidation.</span></p>
<p><span style="font-weight: 400;">XForceGloba told his 17K followers on X that a final correction to $35K is imminent with the Bitcoin price having achieved the $42K target in its recent price activity.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Remember, after we rally towards my anticipated targets (which we pretty much already did), the next thing should be a corrective dump down to the $33,000-35,000 levels to finish off the larger correction. Multi-week timing, no need to ask when. It takes time.<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://t.co/SwyooR6qEE" rel="noopener noreferrer nofollow">https://t.co/SwyooR6qEE</a></p>
 <p>— XForceGlobal (@XForceGlobal) <a href="https://twitter.com/XForceGlobal/status/1751455510916895135?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 28, 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;">Meanwhile, as the Bitcoin price pumps, Bitcoin Minetrix is emerging as a compelling new option for investors seeking </span><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;">presales with explosive gains in 2024</span></a><span style="font-weight: 400;">.</span></p>
<h2 id="span-style-font-weight-400-is-btcmtx-a-compelling-alternative-to-btc-span"><span style="font-weight: 400;">Is BTCMTX A Compelling Alternative to BTC?</span></h2>
<p><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;"> is an innovative solution in the Bitcoin mining space. Built on the Ethereum blockchain, it offers users an opportunity to earn passive Bitcoin rewards. The platform integrates the concepts of crypto staking and cloud mining, making Bitcoin mining accessible to a broader audience.</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><span style="font-weight: 400;">The BTCMTX presale has already garnered more than $9.6 million as it surges towards $10.3 million target.&nbsp; </span><span style="font-weight: 400;">BTCMTX tokens can be </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">acquired</span></a><span style="font-weight: 400;"> at a price of $0.0131, but a hike is due in less than three days.&nbsp;</span></p>
<h2 id="span-style-font-weight-400-stake-to-mine-span"><span style="font-weight: 400;">Stake-To-Mine&nbsp;</span></h2>
<p><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin Minetrix’s</span></a><span style="font-weight: 400;"> cloud mining framework, endowed with stake-to-mine functionality, aims to endow users with full governance over their mining operations. Staking your BTCMTX tokens yields cloud mining credits, facilitating your engagement in decentralized Bitcoin mining while safeguarding against fraud common in external cloud mining services.</span></p>
<p><span style="font-weight: 400;">The platform also offers a chance to earn passive income through BTCMTX staking. Participants in the staking process receive rewards from the staking pool and a yearly yield of 69%. Currently, over 602 million tokens have been staked.&nbsp;</span></p>
<p><span style="font-weight: 400;">Owning BTCMTX tokens also enables participation in the Minedrop contest. This contest allows contenders to vie for a $30,000 prize pool, with each of the 10 fortunate victors receiving a $3,000 prize.</span></p>
<p><span style="font-weight: 400;">As noted by Conor Kenny, a cryptocurrency analyst on YouTube with a subscriber base exceeding 179,000, early involvement in the presale promises substantial returns post-launch on leading 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><span style="font-weight: 400;">To join, visit the BTCMTX website, link your digital wallet, and trade your ETH or USDT for BTCMTX tokens. Investors can also use a bank card.</span></p>
<p><span style="font-weight: 400;">Visit the </span><span style="font-weight: 400;">official Bitcoin Minetrix website</span><span style="font-weight: 400;"><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"> here</a>.</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;" aria-level="1"><a href="https://insidebitcoins.com/news/bitcoin-price-prediction-top-analyst-says-btc-to-go-ballistic-after-hitting-49k-as-this-bitcoin-derivative-closes-on-10-million" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin Price Prediction: Top Analyst Says BTC To ”Go Ballistic” After Hitting $49K As This Bitcoin Derivative Closes On $10 Million</span></a></li>
 <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>
</ul>
<div class="inContentProviderSingle inContentColor--insidebitcoins fc-row">
 <div class="inContentProviderSingle--wrapper">
  <div class="container">
   <div class="row mb-lg-3">
    <div class="col-12 col-md-8">
     <p class="inContentProviderSingle--title">New Crypto Mining Platform - Bitcoin Minetrix</p>
    </div>
    <div class="col-12 col-md-4">
     <div class="inContentProviderSingle--rating">
      <div class="rating--holder">
       <p class="rating--text">Rating</p>
       <div class="rating--star-container">
        <div class="rating--star" style="width: 100%;"></div>
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="row">
    <div class="col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none"><img decoding="async" class="inContentProviderSingle--img mb-3" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60">
    </div>
    <div class="col-12 col-md-8">
     <ul class="inContentProviderSingle--list">
      <li>Audited By Coinsult</li>
      <li>Decentralized, Secure Cloud Mining</li>
      <li>Earn Free Bitcoin Daily</li>
      <li>Native Token On Presale Now - BTCMTX</li>
      <li>Staking Rewards - Over 100% APY</li>
     </ul>
    </div> 
    <div class="col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block"><img decoding="async" class="inContentProviderSingle--img float-right" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60">
    </div>
   </div>
   <div class="row">
    <div class="col-12 text-center">
     <div class="inContentProviderSingle--button"><a href="https://insidebitcoins.com/visit/bitcoinminetrix" title="Start Trading" rel="noopener noreferrer nofollow">Learn More</a>
     </div>
     <div class="inContentProviderSingle--disclaimerText">
     </div>
    </div>
   </div>
  </div>
 </div>
</div>

Bitcoin Price Prediction: As The BlackRock Bitcoin ETF Becomes First To Hit $2 Billion, This BTC Derivative Closes On $10 Million

Table of Contents

Inside Bitcoins

Other articles published on Jan 28, 2024

Charles Schwab makes strategic play for Bitcoin ETF, analysts say

As HNT price retests $9 obstacle, do predictions favor the bulls?

How to buy New Crypto before listing in 2024? – A Complete Guide

Analyst Predicts Bitcoin Consolidation, Eyes Long-Term Price Target Of $500,000

Hong Kong regulators sound alarm on unauthorized crypto staking programs

Diving into Crypto Hedge Funds: Risks, rewards, and more

Join our free newsletter for daily crypto updates!