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<p><span style="font-weight: 400;">The Bitcoin price </span><a href="https://www.coingecko.com/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">climbed</span></a><span style="font-weight: 400;"> more than 2% over the past 24 hours to trade at $43,191.35 as of 9:10 am EST.</span></p>
<h2 id="span-style-font-weight-400-a-potential-shift-in-the-market-could-help-btc-span"><span style="font-weight: 400;">A Potential Shift In The Market Could Help BTC</span></h2>
<p><a href="https://twitter.com/BitMEXResearch/status/1752247921485951176?t=5R-mPCjdnJFcn3IaaTu6Jg&amp;s=19" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Data</span></a><span style="font-weight: 400;"> from BitMEX Research shows the total </span><a href="https://insidebitcoins.com/news/crypto-fund-outflows-hit-500-million-last-week-but-grayscale-bitcoin-etf-bleed-slows" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">outflows</span></a><span style="font-weight: 400;"> for Grayscale’s Bitcoin Trust (GBTC) slowed to $192 million on Jan. 29, the fund’s lowest outflow since inception, excluding the first day.</span></p>
<p><span style="font-weight: 400;">Fidelity and BlackRock each had inflows that exceeded the outflows from GBTC. The Fidelity Wise Origin Bitcoin Fund (FBTC) was the best performer in this regard with $208 million in inflows on tts twelfth day of trading. BlackRock’s IBIT registered the an inflow of $198 million.</span></p>
<p><span style="font-weight: 400;">This may signal a significant market shift for the BTC price. For as GBTC’s outflows ease, it may only be a matter of time before the combined inflows of the newly-launched spot Bitcoin ETFs help support BTC’s price</span><span style="font-weight: 400;">.</span></p>
<h2 id="span-style-font-weight-400-the-bitcoin-price-remains-in-a-positive-sequence-span"><span style="font-weight: 400;">The Bitcoin Price Remains In A Positive Sequence</span></h2>
<p><img decoding="async" src="https://s3.tradingview.com/snapshots/f/Ff8T5KV8.png" alt="TradingView Chart"></p>
<p><span style="font-weight: 400;">Daily chart for BTC/USDT (Source: </span><a href="https://www.tradingview.com/x/Ff8T5KV8/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">TradingView</span></a><span style="font-weight: 400;">)</span></p>
<p><span style="font-weight: 400;">The </span><a href="https://insidebitcoins.com/news/bitcoin-etf-ads-might-appear-on-google-from-today-after-policy-update" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin</span></a><span style="font-weight: 400;"> price printed a series of higher highs and higher lows over the past week, resulting in the formation of an ascending price channel. Should this bullish momentum continue, BTC may soon attempt to flip the $44,430 resistance level into support. </span></p>
<p><span style="font-weight: 400;">A break above this point could then clear a path for the leading cryptocurrency to rise to $47,930 in the following few days.</span></p>
<p><span style="font-weight: 400;">This bullish thesis may be invalidated if the Bitcoin price fails to close above $44,430 within the next 72 hours. In this alternative scenario, the crypto may retest the immediate support level at $42,450. Continued sell pressure could then drag BTC below this key level to as low as $40,000.</span></p>
<h2 id="span-style-font-weight-400-increasing-buying-power-could-continue-to-boost-the-bitcoin-price-span"><span style="font-weight: 400;">Increasing Buying Power Could Continue To Boost The Bitcoin Price</span></h2>
<p><span style="font-weight: 400;">Technical indicators on </span><a href="https://insidebitcoins.com/news/hedge-fund-manager-anthony-scaramucci-predicts-bitcoin-will-soar-to-170000-after-the-halving" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">BTC’s</span></a><span style="font-weight: 400;"> daily chart show that bulls currently have the upper hand against bears. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging bullish.</span></p>
<p><span style="font-weight: 400;">The MACD line is breaking away above the MACD Signal line. This could indicate that BTC’s positive trend shows no signs of slowing down and the Bitcoin price may continue to climb in the next couple of days. In addition to this, the RSI is positioned above its Simple Moving Average (SMA), which is generally seen as a sign that buyers are stronger than sellers.</span></p>
<p><span style="font-weight: 400;">As the Bitcoin price looks to continue its positive sequence, Bitcoin Minetrix has been constantly attracting investors during the past few weeks as its presale quickly approaches the $10 million threshold.</span></p>
<h2 id="span-style-font-weight-400-investors-rush-to-get-in-on-this-promising-project-span"><span style="font-weight: 400;">Investors Rush To Get In On This Promising Project</span></h2>
<p><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin Minetrix</span></a><span style="font-weight: 400;"> is a decentralized cloud mining platform that aims to drastically lower the barrier to entry for anyone looking to get started with Bitcoin cloud mining. Through fractionalization, the project allows investors who have staked its native token, BTCMTX, to claim a share of the ecosystem’s cloud mining power.&nbsp;</span></p>
<p><span style="font-weight: 400;">Not only does Bitcoin Minetrix reduce the costs and remove the complexities involved with getting started with BTC cloud mining, it also opens up the possibility for investors to earn a passive income that is paid in Bitcoin.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">🚀 <a href="https://twitter.com/BlackRock?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@BlackRock</a>, the world’s top asset manager, has significantly upped its stakes in leading <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> mining firms like <a href="https://twitter.com/RiotPlatforms?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@RiotPlatforms</a> and <a href="https://twitter.com/MarathonDH?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@MarathonDH</a>.</p>
 <p>With their confidence in <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> mining soaring, how do you envision the future of institutional interest in <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> mining?… <a href="https://t.co/tWud4CEtMd" rel="noopener noreferrer nofollow">pic.twitter.com/tWud4CEtMd</a></p>
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1752269201820074261?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 30, 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;">Investors are scrambling to get in early on this promising project with funds raised now standing at more than $9.9 million.&nbsp;</span></p>
<h2 id="span-style-font-weight-400-set-to-profit-from-btc-s-increasing-scarcity-span"><span style="font-weight: 400;">Set To Profit From BTC’s Increasing Scarcity</span></h2>
<p><iframe title="Bitcoin Minetrix Shatters Records with $9 MILLION Presale! 💰💎" width="640" height="360" src="https://www.youtube.com/embed/P8x1wU7SUXE?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;">Bitcoin has entered the mainstream financial markets with the launch of spot Bitcoin ETFs (exchange-traded funds) in the U.S. on Jan. 11. This, coupled with the upcoming halving event in April, will not only drive institutional demand for BTC but will also increase the scarcity of Bitcoin. </span></p>
<p><span style="font-weight: 400;">This could subsequently result in a skewed supply and demand ratio, which will boost the leading crypto’s price. The potential bullish momentum could then overflow to Bitcoin derivative projects such as Bitcoin Minetrix. </span></p>
<p><span style="font-weight: 400;">As a result, analysts say BTCMTX has the potential to print 10X gains for early-stage investors on launch.</span></p>
<p><span style="font-weight: 400;">BTCMTX can be purchased </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">here</span></a><span style="font-weight: 400;">.</span></p>
<h3 id="span-style-font-weight-400-related-articles-span"><span style="font-weight: 400;">Related Articles:</span></h3>
<ul>
 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/news/sec-delays-decision-on-grayscales-spot-ethereum-etf-asks-if-its-susceptible-to-manipulation-and-fraud" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">SEC Delays Decision On Grayscale’s Spot Ethereum ETF, Asks If It’s Susceptible To Manipulation And Fraud</span></a></li>
 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/news/altlayer-price-prediction-alt-pumps-14-as-analysts-say-this-green-presale-might-be-the-next-crypto-to-explode" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Altlayer Price Prediction: ALT Pumps 14% As Analysts Say This Green Presale Might Be The Next Crypto To Explode</span></a></li>
 <li style="font-weight: 400;" aria-level="1"><a href="https://www.linkedin.com/pulse/where-buy-presale-crypto-unlock-exclusive-early-now-calsona-q7xie/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Where to Buy Presale Crypto: Unlock Exclusive Early Investments Now!</span></a></li>
</ul>
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Bitcoin Price Prediction: Fidelity And BlackRock Bitcoin ETF Inflows Beat Grayscale Outflows In Market Shift As The Bitcoin Minetrix Presale...

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