2024

Bitcoin ETF

Bitcoin

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 The Bitcoin price rose a fraction of a percent in the last 24 hours to trade at $42,727 as of 02:39 a.m. EST on trading volume that rose 19.9% to $18 billion.
 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).
 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.
 
 <div class="rll-youtube-player" data-src="https://www.youtube.com/embed/hFg1TMACw4I" data-id="hFg1TMACw4I" data-query="feature=oembed" data-alt="Big Ideas 2024 | ITK with Cathie Wood"></div>
 <noscript><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>
 </noscript>
 
 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.
 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.
 <h2 id="span-style-font-weight-400-bitcoin-price-remains-bullish-as-it-trades-within-the-ascending-triangle-span">Bitcoin Price Remains Bullish As It Trades Within The Ascending Triangle</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="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201281%20565'%3E%3C/svg%3E" alt="Bitcoin Price Chart Analysis. Source: TradingView.com" width="1281" height="565" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/02/06/b264c945de9e19d61e7c8c312cdd06e5.webp 1281w, https://cdn.thebittimes.com/images/2024/02/06/b264c945de9e19d61e7c8c312cdd06e5.webp 300w, https://cdn.thebittimes.com/images/2024/02/06/b264c945de9e19d61e7c8c312cdd06e5.webp 1024w, https://cdn.thebittimes.com/images/2024/02/06/b264c945de9e19d61e7c8c312cdd06e5.webp 768w" data-lazy-sizes="(max-width: 1281px) 100vw, 1281px" data-lazy-src="https://cdn.thebittimes.com/images/2024/02/06/b264c945de9e19d61e7c8c312cdd06e5.webp">
 <noscript><img decoding="async" class="size-full wp-image-478392" src="https://cdn.thebittimes.com/images/2024/02/06/b264c945de9e19d61e7c8c312cdd06e5.webp" alt="Bitcoin Price Chart Analysis. Source: TradingView.com" width="1281" height="565" srcset="https://cdn.thebittimes.com/images/2024/02/06/b264c945de9e19d61e7c8c312cdd06e5.webp 1281w, https://cdn.thebittimes.com/images/2024/02/06/b264c945de9e19d61e7c8c312cdd06e5.webp 300w, https://cdn.thebittimes.com/images/2024/02/06/b264c945de9e19d61e7c8c312cdd06e5.webp 1024w, https://cdn.thebittimes.com/images/2024/02/06/b264c945de9e19d61e7c8c312cdd06e5.webp 768w" sizes="(max-width: 1281px) 100vw, 1281px">
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 <figcaption id="caption-attachment-478392" class="wp-caption-text">
 BTCUSD Chart Analysis. Source: TradingView.com
 </figcaption>
 </figure>
 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.
 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;
 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.
 Additionally, the presence of an inverse head-and-shoulders pattern further confirms the prevailing bullish sentiment for BTC.
 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.
 <img decoding="async" class="alignnone size-full wp-image-478391" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20640%20575'%3E%3C/svg%3E" alt="Bitcoin Fear and Greed Index" width="640" height="575" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/02/06/ef01bafe8495a07e410043b67bc61819.webp 640w, https://cdn.thebittimes.com/images/2024/02/06/ef01bafe8495a07e410043b67bc61819.webp 300w" data-lazy-sizes="(max-width: 640px) 100vw, 640px" data-lazy-src="https://cdn.thebittimes.com/images/2024/02/06/ef01bafe8495a07e410043b67bc61819.webp">
 <noscript><img decoding="async" class="alignnone size-full wp-image-478391" src="https://cdn.thebittimes.com/images/2024/02/06/ef01bafe8495a07e410043b67bc61819.webp" alt="Bitcoin Fear and Greed Index" width="640" height="575" srcset="https://cdn.thebittimes.com/images/2024/02/06/ef01bafe8495a07e410043b67bc61819.webp 640w, https://cdn.thebittimes.com/images/2024/02/06/ef01bafe8495a07e410043b67bc61819.webp 300w" sizes="(max-width: 640px) 100vw, 640px">
 </noscript>
 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.
 <h2 id="span-style-font-weight-400-bullish-bitcoin-price-investors-target-49-000-span">Bullish Bitcoin Price Investors Target $49,000</h2>
 The present sentiment surrounding Bitcoin’s price is decidedly optimistic, buoyed by the emergence of the ascending triangle pattern.&nbsp;
 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.
 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;
 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;
 <h2 id="span-style-font-weight-400-buy-btcmtx-before-end-a-promising-alternative-to-bitcoin-span">Buy BTCMTX Before End, A Promising Alternative To Bitcoin</h2>
 The Bitcoin Minetrix (BTCMTX) presale just surpassed $10.3 million, as it hurtles towards the $11.2 million target.&nbsp;
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Stage 24 of #BitcoinMinetrix is now underway! 🚀
 How does the #Bitcoin block size limit affect mining dynamics? pic.twitter.com/cwcjTjafHN
 — Bitcoinminetrix (@bitcoinminetrix) February 5, 2024
 </blockquote>
 
 Bitcoin mining is a complex and resource-intensive process that requires you to have some specialized hardware and technical knowledge.
 By integrating cloud mining and staking, Bitcoin Minetrix removes the need for costly mining equipment and makes affordable Bitcoin mining available to everyone.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Mining #Bitcoin vs Buying $BTC? 🤔
 💡 Contribute significantly to network expansion.
 🔐 Gain greater control over the acquisition journey.
 🛠️ Deepen understanding of the technological complexities. pic.twitter.com/O0asQryARd
 — Bitcoinminetrix (@bitcoinminetrix) February 5, 2024
 </blockquote>
 
 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;
 <h2 id="span-style-font-weight-400-join-btcmtx-win-3000-10x-returns-span">Join BTCMTX, Win $3000, 10X Returns</h2>
 You can passively earn on the platform by staking BTCMTX for an impressive 65% annual percentage yield (APY). 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.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🎉 #BitcoinMinetrix $30,000 Minedrop Is Now Live! 🎉
 Get <a rel="noopener noreferrer nofollow" title="ready" href="https://thebittimes.com/tag/ready.html">ready</a> for your chance to win a share of $30,000 in $BTCMTX!
 Follow the steps in the link below for the chance to win one of ten $3,000 $BTCMTX Prizes! 💰 ➡️ https://t.co/v1UKskxi4Y pic.twitter.com/nseOBTNO9N
 — Bitcoinminetrix (@bitcoinminetrix) October 5, 2023
 </blockquote>
 
 Jacob Bury, a prominent YouTube crypto analyst, has endorsed the project, foreseeing the potential for a 10X surge upon launch.&nbsp;
 
 <div class="rll-youtube-player" data-src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/Q3LtZHfZN_w" data-id="Q3LtZHfZN_w" data-query="feature=oembed" data-alt="Bitcoin Minetrix ICO Hits $10M - Next 10X Potential Crypto?!"></div>
 <noscript><iframe title="Bitcoin Minetrix ICO Hits $10M - Next 10X Potential Crypto?!" width="640" height="360" src="https://thebittimes.com/image/getimage/?url=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>
 </noscript>
 
 To take part in the presale, visit the BTCMTX official website and swap your ETH or USDT for BTCMTX. You can also make purchases directly using your bank card.
 <h2 id="span-style-font-weight-400-related-news-span">Related News</h2>
 <ul>
 <li>How to Buy Bitcoin Online Safely</li>
 <li style="font-weight: 400;" aria-level="1">Best Crypto to Buy Now (2024): Top Picks for Explosive Growth! 🚀💸</li>
 <li style="font-weight: 400;" aria-level="1">Next Crypto to Explode: Unveiling the Potential Market Shaker of 2024 🚀💥</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-price-prediction-ark-invest-ceo-cathie-wood-says-bitcoin-is-already-replacing-gold-while-experts-say-bitcoin-minetrix-might-10x-on-launch-tbt79016.html">https://thebittimes.com/bitcoin-price-prediction-ark-invest-ceo-cathie-wood-says-bitcoin-is-already-replacing-gold-while-experts-say-bitcoin-minetrix-might-10x-on-launch-tbt79016.html</a>
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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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