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<p><span style="font-weight: 400;">The Bitcoin price rose 3% in the last 24 hours </span><a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">to trade at $44,572</span></a><span style="font-weight: 400;"> as of 00:43 a.m. EST on trading volume that surged 38% to $23 billion.</span></p>
<p><span style="font-weight: 400;">This comes as crypto analyst Ali Martinez noted that the number of </span><a href="https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">BTC whales that are increasing their asset</span></a><span style="font-weight: 400;"> accumulation has reached a multi-month high of 73.&nbsp;</span></p>
<p><span style="font-weight: 400;">These individuals own more than 1,000 tokens, totaling around $44 million.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> whales are accumulating more <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>! Around 73 new whales now hold 1,000 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> or more, marking a 3.66% increase in two weeks. <a href="https://t.co/VFArJYTQZl" rel="noopener noreferrer nofollow">pic.twitter.com/VFArJYTQZl</a></p>
 <p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1755165260741247023?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 7, 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;">This his helped BTC surpass $44,000 for the first time since Jan. 12.</span></p>
<h2 id="span-style-font-weight-400-bitcoin-price-breaks-above-the-upper-boundary-of-the-ascending-triangle-span"><span style="font-weight: 400;">Bitcoin Price Breaks Above The Upper Boundary Of The Ascending Triangle</span></h2>
<figure id="attachment_478954" aria-describedby="caption-attachment-478954" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-478954" src="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-08_08-43-18.png" alt="Bitcoin Price Chart Analysis Source: Tradingview.com" width="1281" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-08_08-43-18.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-08_08-43-18-300x130.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-08_08-43-18-1024x444.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-08_08-43-18-768x333.png 768w" sizes="(max-width: 1281px) 100vw, 1281px">
 <figcaption id="caption-attachment-478954" 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, as evident with the formation of the markup phase, before the price consolidated around $42,800.</span></p>
<p><span style="font-weight: 400;">The consolidation phase has resulted in equal highs and higher lows, resulting in the compression of the price. This has led to the formation of the ascending triangle, which has resulted in a breakout above the $43,850 resistance level.</span></p>
<p><span style="font-weight: 400;">The BTC price is trading above both the 50-day and 200-day simple moving averages, which indicates bullish momentum. The moving average cross is at the $42,870 level, indicating that the price may rise on the upside even further.</span></p>
<p><span style="font-weight: 400;">Additionally, the BTC fear and greed index is at 66-greed level, which can be an indication of investors feeling confident about BTC’s current rally.</span></p>
<p><span style="font-weight: 400;">The Relative Strength Index is currently over the 70-overbought region at 73, which indicates intense buying, affirming the current bullish momentum.</span></p>
<p><img decoding="async" class="alignnone size-full wp-image-478955" src="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-08_08-44-42.png" alt="Bitcoin Price " width="1281" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-08_08-44-42.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-08_08-44-42-300x130.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-08_08-44-42-1024x444.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-08_08-44-42-768x333.png 768w" sizes="(max-width: 1281px) 100vw, 1281px"></p>
<p><span style="font-weight: 400;">Moreover, the Moving Average Convergence Divergence (MACD) line (blue) is positioned above the signal line (orange), signaling an upward trend for the BTC price and also the best time to buy.</span></p>
<p><span style="font-weight: 400;">The histogram displays green bars on the upside, further strengthening the bullish prospects for the BTC price.</span></p>
<p><span style="font-weight: 400;">Additionally, the Average Directional Index (ADX) is still below 20 at 18, showing a slightly weak trend. However, the ADX is moving north, which may surpass level 25, indicating that the BTC price is on a rally.</span></p>
<h2 id="span-style-font-weight-400-bitcoin-price-prediction-span"><span style="font-weight: 400;">Bitcoin Price Prediction</span></h2>
<p><span style="font-weight: 400;">The current Bitcoin price long-term technical analysis indicates that BTC is on a bullish trend, as confirmed by the price breaking above the ascending triangle pattern.</span></p>
<p><span style="font-weight: 400;">The RSI is trading above the overbought region of 70, signaling a potential price correction to create more positions for the bulls. In such a scenario, $40,259 acts as the best support zone. This could be a footing to allow the bulls to rally the price to its prior peak at $49,000.&nbsp;</span></p>
<p><span style="font-weight: 400;">Meanwhile, as the Bitcoin bulls await clearer directional signals, analysts say Bitcoin Minetrix is emerging as a compelling alternative to Bitcoin to buy now with the potential to 10x on launch.</span></p>
<h2 id="span-style-font-weight-400-btcmtx-secures-10-4-million-best-alternative-to-bitcoin-to-buy-now-span"><span style="font-weight: 400;">BTCMTX Secures $10.4 Million – Best Alternative To Bitcoin To Buy Now</span></h2>
<p><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">The Bitcoin Minetrix (BTCMTX)</span></a><span style="font-weight: 400;"> presale has garnered over $10.4 million in early funding as it races towards its $11.2 million target.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">The countdown to the end of Stage 24 of <a href="https://twitter.com/hashtag/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinMinetrix</a> is on – just 3 days left! ⏳</p>
 <p>What sets <a href="https://twitter.com/hashtag/ASIC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ASIC</a> and <a href="https://twitter.com/hashtag/GPU?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#GPU</a> mining apart? 💻 <a href="https://t.co/zIZa14S4Ss" rel="noopener noreferrer nofollow">pic.twitter.com/zIZa14S4Ss</a></p>
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1755199831247667431?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 7, 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;">Mining Bitcoin has historically been intricate and resource-demanding, necessitating specialized hardware and technical proficiency.</span></p>
<p><span style="font-weight: 400;">Bitcoin Minetrix represents an innovative project utilizing decentralized cloud mining to democratize crypto mining accessibility. Engaging in the Bitcoin Minetrix presale offers the opportunity to participate in Bitcoin mining irrespective of expertise, all while reaping rewards.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Exploring the different risk factors between <a href="https://twitter.com/hashtag/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinMinetrix</a> and Traditional Cloud Mining! ⚖️ <a href="https://twitter.com/hashtag/BTCMTX?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCMTX</a>: User-managed, flexible withdrawal and selling.</p>
 <p>Traditional: No reimbursements, locked-in contracts.<a href="https://twitter.com/hashtag/CryptoComparison?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CryptoComparison</a> <a href="https://twitter.com/hashtag/MiningInnovation?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MiningInnovation</a> <a href="https://t.co/W2pnuOk8dG" rel="noopener noreferrer nofollow">pic.twitter.com/W2pnuOk8dG</a></p>
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1755275380770971665?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 7, 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 join the presale, you can purchase BTCMTX tokens at a rate of $0.0133 per token. But that price will increase in less than two days, making now the best time to buy.</span></p>
<h2 id="span-style-font-weight-400-join-btcmtx-stake-10x-returns-span"><span style="font-weight: 400;">Join BTCMTX, Stake, 10X Returns</span></h2>
<p><span style="font-weight: 400;">Bitcoin Minetrix introduces </span><span style="font-weight: 400;">stake-to-mine</span><span style="font-weight: 400;">, allowing simple staking of BTCMTX tokens for an impressive annual percentage yield (APY) of 64%. Staking BTCMTX also earns you tradable ERC-20 token credits, which are burned in exchange for BTC cloud mining power.</span></p>
<p><span style="font-weight: 400;">Moreover, participating in buying and staking automatically places you as a contender in </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">the $30,000 minedrop competition</span></a><span style="font-weight: 400;">. Ten winners will be selected from all the entries, 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" rel="noopener noreferrer nofollow">#BitcoinMinetrix</a> $30,000 Minedrop Is Now Live! 🎉</p>
 <p>Get ready for your chance to win a share of $30,000 in <a href="https://twitter.com/search?q=%24BTCMTX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTCMTX</a>!</p>
 <p>Follow the steps in the link below for the chance to win one of ten $3,000 <a href="https://twitter.com/search?q=%24BTCMTX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTCMTX</a> Prizes! 💰<br>➡️ <a href="https://t.co/v1UKskxi4Y" rel="noopener noreferrer nofollow">https://t.co/v1UKskxi4Y</a> <a href="https://t.co/nseOBTNO9N" rel="noopener noreferrer nofollow">pic.twitter.com/nseOBTNO9N</a></p>
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1709944350275473795?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">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;">YouTube crypto analyst Jacob Bury says BTCMTX has the potential to 10X after launch.</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 </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">the 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>
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 <li style="font-weight: 400;" aria-level="1"><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;">🚀 Bitcoin Price Prediction: Experts Forecast Bullish Trends for 2024 📈💰</span></a></li>
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 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/buy-cryptocurrency/most-trending-cryptocurrency/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">10+ Most Trending Cryptocurrency Projects to Buy In 2024</span></a></li>
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Bitcoin Price Prediction: BTC Breaks $44K As BTC Whales Hit Multi-Month High And Analysts Say This Bitcoin Derivative Might 10X

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