Token

Bitcoin

Discord

Rewards

<p>The Bitcoin price surged 4% in the last 24 hours to trade at $44,756 as of 5 a.m. EST on daily trading volume that skyrocketed 47% to $24.5 billion.</p>
<p>The BTC pump was helped by news that MicroStrategy bought over $37 million in Bitcoin in January, bringing its total holdings to 190,000 BTC worth $8.5 billion. and its unrealized profits to north of $2.2 billion</p>
<p>Soon after that news, Bitcoin’s price soared past the resistance at $43k, which was keeping it from progressing further up for over a week.</p>
<h2 id="bitcoin-price-prognosis">Bitcoin Price Prognosis</h2>
<p>Bitcoin’s new price surge is currently still ongoing, meaning that the coin has yet to reach a resistance that will stop its progression. The biggest upcoming resistance sits at $45k, and if BTC manages to breach it, the next one will be at around $46.5k.</p>
<p>However, it remains to be seen whether BTC will be able to reach that high up, especially given the fact that the technical indicators suggest otherwise. The coin’s Bollinger bands, which saw massive widening yesterday, suddenly narrowed, which could be an indicator that BTC is about to see a correction.</p>
<p><img decoding="async" class="aligncenter size-full wp-image-479014" src="https://insidebitcoins.com/wp-content/uploads/2024/02/Bitcoin-Price-Feb-8.jpg" alt="Bitcoin Price Feb 8" width="1422" height="629" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/Bitcoin-Price-Feb-8.jpg 1422w, https://insidebitcoins.com/wp-content/uploads/2024/02/Bitcoin-Price-Feb-8-300x133.jpg 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/Bitcoin-Price-Feb-8-1024x453.jpg 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/Bitcoin-Price-Feb-8-768x340.jpg 768w" sizes="(max-width: 1422px) 100vw, 1422px"></p>
<p>In addition to that, Bitcoin’s Relative Strength Index (RSI) level has reached 70.14, officially stepping into the overbought territory. There is still some room for growth, although these figures suggest that BTC is closing in on its ceiling, which might cause traders to start selling before long.</p>
<p>It is also worth noting that BTC has managed to break out of the symmetrical triangle pattern, which is a bullish signal. Despite this, this could still end up being a bull trap, so traders are advised to be cautious.</p>
<h2 id="a-promising-alternative-to-bitcoin">A Promising Alternative To Bitcoin</h2>
<p>While Bitcoin’s new surge brought quite a bit of money to the coin’s holders, there is a cryptocurrency that has an even greater potential to bring major earnings to those who buy early.</p>
<p>The project in question is called <a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow">Bitcoin Minetrix (BTCMTX)</a> — a cloud mining platform for Bitcoin that is selling its native token, BTCMTX, in a presale right now.</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> is responsible for content on only 3 social media accounts:</p>
 <p>🐦 X (Twitter) – <a href="https://twitter.com/bitcoinminetrix?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@bitcoinminetrix</a><br>💬 Telegram – <a href="https://t.co/jjqYaqOtyv" rel="noopener noreferrer nofollow">https://t.co/jjqYaqOtyv</a><br>💻 Discord – <a href="https://t.co/IlUfmCrFwL" rel="noopener noreferrer nofollow">https://t.co/IlUfmCrFwL</a></p>
 <p>Follow our socials, join our community and always stay updated! <a href="https://t.co/y61aWn7AmM" rel="noopener noreferrer nofollow">pic.twitter.com/y61aWn7AmM</a></p>
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1753825767513903131?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 3, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Bitcoin Minetrix seeks to allow people to mine BTC using its cloud technology, meaning that they would not need expensive mining rigs or end up having massive electricity bills.</p>
<p>Furthermore, obtaining BTC through mining is the best way for those on a budget to get as much BTC as possible before the upcoming halving.</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>The procedure is simple — all you need to do is buy BTCMTX and stake it on Bitcoin Minetrix’s platform. In return, you will receive credits that will let you receive BTC mining rewards.</p>
<p>Bitcoin Minetrix understands that many in the crypto community are not ready to trust cloud miners, especially since many such projects in the past ended up being fraudulent. This is why Bitcoin Minetrix made its platform fully transparent and decentralized, eliminating such concerns in the process.</p>
<p>So far, it appears that the community was willing to accept and trust the project, as its presale raised over $10.5 million as of the time of writing, currently aiming at the $11.2 million milestone. If you wish to join, you can buy its BTCMTX token in exchange for ETH or USDT, or buy it directly with a credit or debit card.</p>
<p>The token’s price is now $0.0133, but in less than two days there will a price hike. So, if you are interested to invest, act not for the lowest possible price.</p>
<p>Visit and buy BTCMTX <a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow">here</a>.</p>
<h3 id="related-news">Related News:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/high-potential-cloud-mining-crypto-hits-10-million-presale-milestone" rel="noopener noreferrer nofollow">High-Potential Cloud Mining Crypto Hits $10 Million Presale Milestone</a></li>
 <li><a href="https://www.linkedin.com/pulse/best-crypto-buy-now-2024-top-picks-explosive-growth-calsona-6bnie/" rel="noopener noreferrer nofollow">Best Crypto to Buy Now (2024): Top Picks for Explosive Growth!</a></li>
 <li><a href="https://www.linkedin.com/pulse/next-crypto-explode-unveiling-potential-market-shaker-calsona-hmwze/" rel="noopener noreferrer nofollow">Next Crypto to Explode: Unveiling the Potential Market Shaker of 2024</a></li>
</ul>
<div class="inContentProviderSingle inContentColor--insidebitcoins fc-row">
 <div class="inContentProviderSingle--wrapper">
  <div class="container">
   <div class="row mb-lg-3">
    <div class="col-12 col-md-8">
     <p class="inContentProviderSingle--title">New Crypto Mining Platform - Bitcoin Minetrix</p>
    </div>
    <div class="col-12 col-md-4">
     <div class="inContentProviderSingle--rating">
      <div class="rating--holder">
       <p class="rating--text">Rating</p>
       <div class="rating--star-container">
        <div class="rating--star" style="width: 100%;"></div>
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="row">
    <div class="col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none"><img decoding="async" class="inContentProviderSingle--img mb-3" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60">
    </div>
    <div class="col-12 col-md-8">
     <ul class="inContentProviderSingle--list">
      <li>Audited By Coinsult</li>
      <li>Decentralized, Secure Cloud Mining</li>
      <li>Earn Free Bitcoin Daily</li>
      <li>Native Token On Presale Now - BTCMTX</li>
      <li>Staking Rewards - Over 50% APY</li>
     </ul>
    </div> 
    <div class="col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block"><img decoding="async" class="inContentProviderSingle--img float-right" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60">
    </div>
   </div>
   <div class="row">
    <div class="col-12 text-center">
     <div class="inContentProviderSingle--button"><a href="https://insidebitcoins.com/visit/bitcoinminetrix" title="Start Trading" rel="noopener noreferrer nofollow">Learn More</a>
     </div>
     <div class="inContentProviderSingle--disclaimerText">
     </div>
    </div>
   </div>
  </div>
 </div>
</div>

Bitcoin Price Prediction: BTC Pumps 4% After MicroStrategy Increases Bitcoin Holdings To $8.5 Billion And This BTC Cloud Mining Platform Cha...

Table of Contents

Inside Bitcoins

Other articles published on Feb 8, 2024

China’s AI Integration Boosts Military Might, Sets New Surveillance Standard

🗒 Daily Newsletter | Thursday, February 08, 2024

Solana's Shiba Inu, Dogwifhat (WIF), Suddenly Skyrockets 25%: Key Reason

Coinbase Says Blockchain Technology Could Save Americans $74 Billion In Credit Card Fees

LLY vs NVO: Which One is Likely to Become a $1T Company First

BTCS Inc. Announces Exceptional 2023 Financial Achievements and Strategic Plans for 2024 Growth

Join our free newsletter for daily crypto updates!