Bitcoin ETF

Bitcoin

<p><span style="font-weight: 400;">The Bitcoin price rose a fraction of a percent in the last 24 hours </span><a href="https://coinmarketcap.com/currencies/bitcoin/"><span style="font-weight: 400;">to trade at $42,727</span></a><span style="font-weight: 400;"> as of 02:39 a.m. EST on trading volume that rose 19.9% to $18 billion.</span></p> 
<p><span style="font-weight: 400;">This comes as ARK Invest CEO Cathie Wood says Bitcoin (BTC) is effectively substituting gold as a store of value, especially after the approval of spot Bitcoin exchange-traded funds (ETFs).</span></p> 
<p><span style="font-weight: 400;">In a new YouTube update, Wood says that she believes BTC is acting more as a risk-off asset and a flight to quality during times of economic uncertainty.</span></p> 
<p><iframe title="Big Ideas 2024 | ITK with Cathie Wood" width="640" height="360" src="https://www.youtube.com/embed/hFg1TMACw4I?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;">Wood shares a chart of Bitcoin to gold ratio, which appears to show a strong, long-term uptrend. She says it reflects that BTC is now in the process of partially replacing the yellow metal.</span></p> 
<p><span style="font-weight: 400;">Wood’s firm was one of 10 ETF issuers that launched a spot Bitcoin ETF on Jan. 11. ARK 21Shares Bitcoin ETF holds over $700 million in Bitcoin.</span></p> 
<h2 id="span-style-font-weight-400-bitcoin-price-remains-bullish-as-it-trades-within-the-ascending-triangle-span"><span style="font-weight: 400;">Bitcoin Price Remains Bullish As It Trades Within The Ascending Triangle</span></h2> 
<figure id="attachment_478392" aria-describedby="caption-attachment-478392" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="size-full wp-image-478392" src="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-06_08-46-22.png" alt="Bitcoin Price Chart Analysis. Source: TradingView.com" width="1281" height="565" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-06_08-46-22.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-06_08-46-22-300x132.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-06_08-46-22-1024x452.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-06_08-46-22-768x339.png 768w" sizes="(max-width: 1281px) 100vw, 1281px">
 <figcaption id="caption-attachment-478392" class="wp-caption-text">
  BTCUSD Chart Analysis. Source: TradingView.com
 </figcaption>
</figure> 
<p><span style="font-weight: 400;">The Bitcoin price has recently been on an uptrend after hitting the support level at $38,470 and experiencing a markup phase, with the bears facing a challenge at the $43,850 resistance level.</span></p> 
<p><span style="font-weight: 400;">The pivot point stands at $42,270, with possible resistance levels identified at $44,611 and $46,801, hinting at potential hurdles for upward movement.&nbsp;</span></p> 
<p><span style="font-weight: 400;">In the 4-hour chart, we see the price moving slightly coinciding with both the 50-day and 200-day Simple Moving Averages, with a golden cross-formed at the $42,870 level, which shows signs of a potential bull rally.</span></p> 
<p><span style="font-weight: 400;">Additionally, the presence of an inverse head-and-shoulders pattern further confirms the prevailing bullish sentiment for BTC.</span></p> 
<p><span style="font-weight: 400;">Bitcoin’s fear and greed index is at the 60-greed level, which can be a signal that investors feel confident about BTC’s prospects.</span></p> 
<p><img decoding="async" class="alignnone size-full wp-image-478391" src="https://insidebitcoins.com/wp-content/uploads/2024/02/image-25.png" alt="Bitcoin Fear and Greed Index" width="640" height="575" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/image-25.png 640w, https://insidebitcoins.com/wp-content/uploads/2024/02/image-25-300x270.png 300w" sizes="(max-width: 640px) 100vw, 640px"></p> 
<p><span style="font-weight: 400;">The Relative Strength Index is currently at the 47 mark, below the 50-midline level but with signs of a rebound. If the current bullish momentum is sustained, the RSI could cross the threshold of overbought territory.</span></p> 
<h2 id="span-style-font-weight-400-bullish-bitcoin-price-investors-target-49-000-span"><span style="font-weight: 400;">Bullish Bitcoin Price Investors Target $49,000</span></h2> 
<p><span style="font-weight: 400;">The present sentiment surrounding Bitcoin’s price is decidedly optimistic, buoyed by the emergence of the ascending triangle pattern.&nbsp;</span></p> 
<p><span style="font-weight: 400;">Enthusiastic investors are setting their sights on surpassing the upper boundary of this triangle, propelling the price towards the prior peak of $49,000 and even further.</span></p> 
<p><span style="font-weight: 400;">However, in an inverse scenario, if bears gain control, the price could drop to the zone of support, with the $40,259 level providing a cushion against downward pressure.&nbsp;</span></p> 
<p><span style="font-weight: 400;">Currently, there is a degree of uncertainty regarding the future direction of Bitcoin’s price. As a result, experts are recommending the acquisition of Bitcoin Minetrix, which they predict could potentially 10x on launch.&nbsp;</span></p> 
<h2 id="span-style-font-weight-400-buy-btcmtx-before-end-a-promising-alternative-to-bitcoin-span"><span style="font-weight: 400;">Buy BTCMTX Before End, A Promising Alternative To Bitcoin</span></h2> 
<p><span style="font-weight: 400;">The </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="nofollow"><span style="font-weight: 400;">Bitcoin Minetrix (BTCMTX)</span></a><span style="font-weight: 400;"> presale just surpassed $10.3 million, as it hurtles towards the $11.2 million target.&nbsp;</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Stage 24 of <a href="https://twitter.com/hashtag/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw">#BitcoinMinetrix</a> is now underway! 🚀</p> 
 <p>How does the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> block size limit affect mining dynamics? <a href="https://t.co/cwcjTjafHN">pic.twitter.com/cwcjTjafHN</a></p> 
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1754475049698926905?ref_src=twsrc%5Etfw">February 5, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">Bitcoin mining is a complex and resource-intensive process that requires you to have some specialized hardware and technical knowledge.</span></p> 
<p><span style="font-weight: 400;">By integrating cloud mining and staking, Bitcoin Minetrix removes the need for costly mining equipment and makes affordable Bitcoin mining available to everyone.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Mining <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> vs Buying <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>? 🤔</p> 
 <p>💡 Contribute significantly to network expansion.</p> 
 <p>🔐 Gain greater control over the acquisition journey.</p> 
 <p>🛠️ Deepen understanding of the technological complexities. <a href="https://t.co/O0asQryARd">pic.twitter.com/O0asQryARd</a></p> 
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1754550601176715441?ref_src=twsrc%5Etfw">February 5, 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;">To participate in the project, you can purchase BTCMTX tokens at a reduced rate of $0.0133 before the price increases in less than four days. This then allows you to participate in Bitcoin mining regardless of expertise while also earning rewards.&nbsp;</span></p> 
<h2 id="span-style-font-weight-400-join-btcmtx-win-3000-10x-returns-span"><span style="font-weight: 400;">Join BTCMTX, Win $3000, 10X Returns</span></h2> 
<p><span style="font-weight: 400;">You can passively earn on the platform by </span><span style="font-weight: 400;">staking BTCMTX for an impressive 65% annual percentage yield (APY)</span><span style="font-weight: 400;">. Plus, when you buy and stake BTCMTX tokens, you’ll automatically enter the $30,000 minedrop airdrop competition. Ten winners will be selected, each receiving a $3,000 prize.</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">#BitcoinMinetrix</a> $30,000 Minedrop Is Now Live! 🎉</p> 
 <p>Get ready for your chance to win a share of $30,000 in <a href="https://twitter.com/search?q=%24BTCMTX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTCMTX</a>!</p> 
 <p>Follow the steps in the link below for the chance to win one of ten $3,000 <a href="https://twitter.com/search?q=%24BTCMTX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTCMTX</a> Prizes! 💰<br>➡️ <a href="https://t.co/v1UKskxi4Y">https://t.co/v1UKskxi4Y</a> <a href="https://t.co/nseOBTNO9N">pic.twitter.com/nseOBTNO9N</a></p> 
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1709944350275473795?ref_src=twsrc%5Etfw">October 5, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">Jacob Bury, a prominent YouTube crypto analyst, has endorsed the project, foreseeing the potential for a 10X surge upon launch.&nbsp;</span></p> 
<p><iframe title="Bitcoin Minetrix ICO Hits $10M - Next 10X Potential Crypto?!" width="640" height="360" src="https://www.youtube.com/embed/Q3LtZHfZN_w?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 take part in the presale, visit the </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="nofollow"><span style="font-weight: 400;">BTCMTX official website</span></a><span style="font-weight: 400;"> and swap your ETH or USDT for BTCMTX. You can also make purchases directly using your bank card.</span></p> 
<h2 id="span-style-font-weight-400-related-news-span"><span style="font-weight: 400;">Related News</span></h2> 
<ul> 
 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin/"><span style="font-weight: 400;">How to Buy Bitcoin Online Safely</span></a></li> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://www.linkedin.com/pulse/best-crypto-buy-now-2024-top-picks-explosive-growth-calsona-6bnie"><span style="font-weight: 400;">Best Crypto to Buy Now (2024): Top Picks for Explosive Growth! 🚀💸</span></a></li> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://www.linkedin.com/pulse/next-crypto-explode-unveiling-potential-market-shaker-calsona-hmwze"><span style="font-weight: 400;">Next Crypto to Explode: Unveiling the Potential Market Shaker of 2024 🚀💥</span></a></li> 
</ul> 
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Bitcoin Price Prediction: ARK Invest CEO Cathie Wood Says Bitcoin Is Already Replacing Gold While Experts Say Bitcoin Minetrix Might 10X On ...

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