2024

Bitcoin ETF

Bitcoin

Million

<p><span style="font-weight: 400;">The Bitcoin price fell 1.3% 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;">$42.1K</span></a><span style="font-weight: 400;"> as of 8:30 a.m. EST.&nbsp;</span></p>
<p>The fall came as&nbsp;Cathie Wood’s&nbsp;<a href="https://insidebitcoins.com/news/ark-invests-sells-holds-coinbase-shares-whats-going-on" rel="noopener noreferrer nofollow">ARK Invest</a> said an optimal investment portfolio should hold about 20% of Bitcoin and that such an allocation helps to maximize ”a portfolio’s risk-adjusted returns.”</p>
<p>ARK said in its Big Ideas <a href="https://assets.arkinvest.com/media-8e522a83-1b23-4d58-a202-792712f8d2d3/753ac3f8-c89c-4780-81d2-41a2a71d66ab/ARK-Invest_013124_Big-Ideas-2024.pdf" rel="noopener noreferrer nofollow">report</a> for 2024 that Bitcoin has had a low correlation of just 0.27 with traditional asset classes over the past five years and that the king of cryptocurrencies is a counterbalance to traditional asset classes.</p>
<p>“Bitcoin is not just a new investment option but a vital component for diversifying investment portfolios,” it said. “Over the last seven years, Bitcoin has registered an annualized return far surpassing that of major asset classes.”</p>
<h2 id="span-style-font-weight-400-bitcoin-price-analysis-span"><span style="font-weight: 400;">Bitcoin Price Analysis</span></h2>
<p><span style="font-weight: 400;">Looking at an in-depth analysis of 1-hour BTC/USD charts, we see that the price is currently trading near the lower Bollinger Band, which typically suggests that Bitcoin will potentially be oversold in the short term. </span></p>
<p><span style="font-weight: 400;">Traders might interpret this as a buying opportunity, expecting the price to revert towards the middle band (the 20-period SMA). However, caution is warranted as prices can stay at the lower band or even move lower if the downward trend is strong.</span></p>
<p><span style="font-weight: 400;">The Relative Strength Index (RSI) is around 42, which is below the typical overbought threshold of 70 and above the oversold threshold of 30. With the RSI leaning towards 50, this could provide room for either a potential rebound in the Bitcoin price.</span></p>
<p><span style="font-weight: 400;">On the other hand, the Awesome Oscillator (AO) shows a transition from red to green bars, which suggests that the short-term momentum is shifting from bearish to potentially bullish. This could be an early sign of a possible change in trend or a short-term correction upwards.</span></p>
<p><span style="font-weight: 400;">The Average Directional Index (ADI) is at 32.97, indicating a moderate trend strength. This suggests that the current trend, which has been bearish as indicated by the recent long red candles, has some strength to it but is not extremely strong. A value above 25 typically indicates a strong trend, but it’s not so high as to consider the trend to be very powerful.</span></p>
<p><span style="font-weight: 400;">Additionally, the last few candles show small bodies with wicks on both sides, indicating indecision in the market after a bearish move. This could mean that sellers are losing control and buyers might be preparing to step in.</span></p>
<p><img decoding="async" class="alignnone size-full wp-image-477322" src="https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1706798519398.png" alt="" width="2538" height="1324" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1706798519398.png 2538w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1706798519398-300x157.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1706798519398-1024x534.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1706798519398-768x401.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1706798519398-1536x801.png 1536w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1706798519398-2048x1068.png 2048w" sizes="(max-width: 2538px) 100vw, 2538px"></p>
<p style="text-align: center;">1-hour chart | Source: <a href="https://twitter.com/bitcoinminetrix/status/1750564335061966997" rel="noopener noreferrer nofollow">TradingView</a></p>
<h2 id="span-style-font-weight-400-bitcoin-price-prediction-what-are-the-chances-btc-will-dip-further-span"><span style="font-weight: 400;">Bitcoin Price Prediction: What Are The Chances BTC Will Dip Further?</span></h2>
<p><span style="font-weight: 400;">Overall, the technical indicators suggest a bearish trend with signs of potential exhaustion. The proximity to the lower Bollinger Band, the RSI nearing oversold levels, and the AO indicating a shift in momentum could mean there might be a potential for a short-term upward price correction.&nbsp;</span></p>
<p><span style="font-weight: 400;">However, the moderate strength of the trend, as shown by the ADX, suggests that any bullish moves may be within a broader bearish context. </span></p>
<p><span style="font-weight: 400;">In line with this, Mags told his 53.7K followers on X that BTC may go sideways or even dip a bit before an “inevitable“&nbsp; pump.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> has the first ever Golden cross on a weekly chart confirming the marco is super bullish.</p>
 <p>Don't expect an instant pump. It might go sideways or even dip for a bit. But mark my words, Up only is inevitable. Dips are for buying 🤝 <a href="https://t.co/s1o7OdwmB3" rel="noopener noreferrer nofollow">pic.twitter.com/s1o7OdwmB3</a></p>
 <p>— Mags (@thescalpingpro) <a href="https://twitter.com/thescalpingpro/status/1752685296452612566?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 31, 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, investors looking for </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 spectacular returns in 2024</span></a><span style="font-weight: 400;"> are finding the Bitcoin Minetrix cloud mining project an attractive new alternative.</span></p>
<h2 id="span-style-font-weight-400-a-rewarding-substitute-for-bitcoin-span"><span style="font-weight: 400;">A Rewarding Substitute for Bitcoin?</span></h2>
<p><span style="font-weight: 400;"> By combining crypto staking with cloud mining, <a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow">Bitcoin Minetrix</a> is opening up Bitcoin mining to the masses.</span></p>
<p><span style="font-weight: 400;">With its stake-to-mine capability, </span><span style="font-weight: 400;">Bitcoin Minetrix’s</span><span style="font-weight: 400;"> cloud mining platform strives to provide customers with complete control over their mining activities. </span></p>
<p><span style="font-weight: 400;">You may participate in decentralized Bitcoin mining using the cloud mining credits you earn by staking your BTCMTX tokens, and you won’t have to worry about the fraud that plagues external cloud mining providers.</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;">Staking BTCMTX on the platform is also another way to get passive income. The staking pool pays out incentives to those who take part in it, and the return each year is 66%. There are now more than 630 million tokens invested. </span></p>
<p><span style="font-weight: 400;">Being a token holder of </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">BTCMTX</span></a><span style="font-weight: 400;"> also grants access to the Minedrop contest. There is a total of $30,000 up for grabs in this tournament, with ten lucky winners taking home $3,000 apiece. </span></p>
<p><span style="font-weight: 400;">With experts </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;">anticipating</span></a><span style="font-weight: 400;"> a pump in the Bitcoin price amid the looming halving event in April, now is a good entry point. Early participation in the presale guarantees significant gains post-launch on top exchanges, as pointed out by cryptocurrency expert Conor Kenny, with over 179,000 subscribers on YouTube.</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;">More than $10 million has been raised during the BTCMTX presale, and it is rapidly approaching its $10.3 million goal. BTCMTX tokens sell for $0.0132, but a price hike is coming in less than four days.&nbsp;&nbsp;</span></p>
<p><span style="font-weight: 400;">Interested investors should act fast before the increase. To get started, go to the </span><span style="background-color: var(--bs-body-bg); color: var(--bs-body-color); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);">BTCMTX <a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow">website</a></span><span style="color: var(--bs-body-color); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align); background-color: var(--bs-body-bg);">, connect your digital wallet, and exchange your USDT or ETH for BTCMTX tokens. A bank card is another option for investors.</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-as-the-blackrock-bitcoin-etf-becomes-first-to-hit-2-billion-this-btc-derivative-closes-on-10-million" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin Price Prediction: As The BlackRock Bitcoin ETF Becomes First To Hit $2 Billion, This BTC Derivative Closes On $10 Million</span></a></li>
 <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>
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