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<p><span style="font-weight: 400;">The Bitcoin price fell 0.3% in the last 24 hours </span><a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">to trade at $48,312</span></a><span style="font-weight: 400;"> as of 12:30 a.m. EST on an 8% jump in trading volume to $20 billion.</span></p>
<p><span style="font-weight: 400;">Despite the small fall</span><span style="font-weight: 400;">, CryptoQuant CEO Ki Young Ju predicts that Bitcoin’s price could soar to $112,000 this year if the current trend of inflows linked to spot exchange-traded funds (ETFs) continues. His worst-case scenario for Bitcoin would see it climb to $55,000.</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> could reach $112K this year driven by ETF inflows, worst-case $55K.<a href="https://t.co/HrkV3TU8Ul" rel="noopener noreferrer nofollow">https://t.co/HrkV3TU8Ul</a> <a href="https://t.co/jBn6HWpt9b" rel="noopener noreferrer nofollow">pic.twitter.com/jBn6HWpt9b</a></p>
 <p>— Ki Young Ju (@ki_young_ju) <a href="https://twitter.com/ki_young_ju/status/1756498625205502301?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 11, 2024</a></p>
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<p><span class="css-1qaijid r-bcqeeo r-qvutc0 r-poiln3">“#Bitcoin market has seen $9.5B in spot ETF inflows per month, potentially boosting the realized cap by $114B yearly,” he said. “Even with </span><span class="r-18u37iz">$GBTC</span><span class="css-1qaijid r-bcqeeo r-qvutc0 r-poiln3"> outflows, a $76B rise could elevate the realized cap from $451B to $527-565B.”</span></p>
<h2 id="span-style-font-weight-400-bitcoin-price-signals-a-bull-rally-above-the-bullish-pennant-span"><span style="font-weight: 400;">Bitcoin Price Signals A Bull Rally Above the Bullish Pennant</span></h2>
<p><img decoding="async" class="alignnone wp-image-480047 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-12_09-52-08.png" alt="Bitcoin price" width="1623" height="697" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-12_09-52-08.png 1623w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-12_09-52-08-300x129.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-12_09-52-08-1024x440.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-12_09-52-08-768x330.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-12_09-52-08-1536x660.png 1536w" sizes="(max-width: 1623px) 100vw, 1623px"></p>
<p><span style="font-weight: 400;">BTC/USDT Analysis by Tradingview</span></p>
<p><span style="font-weight: 400;">Bitcoin price has been on a gradual uptrend, with the bulls using the $25,217 support level as a launchpad to catapult prices high.</span></p>
<p><span style="font-weight: 400;">However, BTC is currently in the accumulation stage. After the price hit a resistance level at $49,000, signaling an anticipated break above the upper boundary of the bullish pennant.</span></p>
<p><span style="font-weight: 400;">If the momentum continues, the bulls could fly the price high, covering distance X, the same distance measured on the pennant as shown on the chart.</span></p>
<p><span style="font-weight: 400;">However, this rally may be short-term as traders expected the price to come down to the point of the break-out once the price covers the distance X up.&nbsp;</span></p>
<p><span style="font-weight: 400;">The BTC indicators are still bullish, with the price holding above the 50-day and 200-day simple moving averages (SMAs). Furthermore, the SMAs indicate a golden cross at $28266, confirming the anticipated bull rally for the Bitcoin price.</span></p>
<p><span style="font-weight: 400;">The Relative Strength Index (RSI) is trending upwards at 72 above the 70 overbought zone, indicating a rebound on the 50 midline level. If the momentum continues, it will push the RSI further into the overbought zone.</span></p>
<h2 id="span-style-font-weight-400-bitcoin-price-in-short-term-surge-aims-for-60-000-span"><span style="font-weight: 400;">Bitcoin Price In Short-Term Surge, Aims For $60,000&nbsp;</span></h2>
<p><span style="font-weight: 400;">The bullish pennant still signals that the bulls have the opportunity to flare the price up as bullish investors focus on achieving a higher level above the $60,000 mark.</span></p>
<p><span style="font-weight: 400;">If the bears sustain the momentum, the price could reach $44,230, wiping out the profits made on distance X.&nbsp;</span></p>
<p><span style="font-weight: 400;">Meanwhile, as BTC traders await a favourable signal to enter, BTC cloud mining token BTCMTX continues to attract more investors. The token also offers lucrative opportunities for investors through its staking feature and an upcoming minedrop airdrop.&nbsp;</span></p>
<h2 id="span-style-font-weight-400-last-chance-to-buy-btcmtx-tokens-now-presale-crosses-10-7-million-span"><span style="font-weight: 400;">Last Chance To Buy BTCMTX Tokens Now, Presale Crosses $10.7 Million</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 already secured $10.7 million as it races towards its $11.5 million target.&nbsp;</span></p>
<p><span style="font-weight: 400;">Bitcoin Minetrix is a decentralized platform for tokenized cloud mining, enabling ordinary individuals to engage in Bitcoin (BTC) mining. </span><span style="font-weight: 400;">The BTCMTX platform offers access to the stake-to-mine feature for investors who buy into the presale, enabling them to earn passive income. </span></p>
<p><span style="font-weight: 400;">The feature offers investors complete control over their mining activities, allowing them to earn cloud mining credits when they stake their BTCMTX tokens. It also provides them protection against potential scams from third-party cloud mining platforms. </span></p>
<p><span style="font-weight: 400;">Additionally, users earn rewards in the staking pool and an annual pay yield of 63% through staking their acquired BTCMTX.&nbsp;</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>
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<h2 id="span-style-font-weight-400-more-rewards-in-the-minedrop-airdrop-competition-span"><span style="font-weight: 400;">More Rewards In The Minedrop Airdrop Competition</span></h2>
<p><span style="font-weight: 400;">Investors who have bought the BTCMTX token have access to join the <a href="https://insidebitcoins.com/visit/bitcoinminetrix/" rel="noopener noreferrer nofollow">$30,000 minedrop airdrop competition</a>, </span><span style="font-weight: 400;">where they can compete with other participants for a $30,000 prize pool and stand a chance to receive a $3,000 reward among the ten lucky winners.</span></p>
<p><img decoding="async" class="alignnone wp-image-480048 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCMTX.jpg" alt="" width="1010" height="544" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCMTX.jpg 1010w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCMTX-300x162.jpg 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCMTX-768x414.jpg 768w" sizes="(max-width: 1010px) 100vw, 1010px"></p>
<p><span style="font-weight: 400;">Jacob Bury, a crypto analyst on YouTube, says that BTCMTX could 10X on investment for early entrants. He has also invested substantially in the presale himself, anticipating lucrative returns.</span></p>
<p><iframe title="Bitcoin Minetrix New 10x Potential Presale!? How BTCMTX Will Help People Mine Bitcoin" width="640" height="360" src="https://www.youtube.com/embed/37ne69bgi4c?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p>Investors are rushing to buy more BTCMTX tokens at a discounted price of $0.0134 per token before a price hike in less than three days.</p>
<p>You only need<span style="font-weight: 400;"> an Ethereum-compatible wallet like MetaMask to purchase BTCMTX tokens, and </span><span style="font-weight: 400;">can buy them on the </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">BTCMTX website</span></a><span style="font-weight: 400;"> by swapping your ETH or USDT for BTCMTX tokens. You can buy directly using your bank card.</span></p>
<h2 id="span-style-font-weight-400-related-articles-span"><span style="font-weight: 400;">Related Articles</span></h2>
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 <li style="font-weight: 400;" aria-level="1"><a href="https://www.linkedin.com/pulse/bitcoin-price-prediction-experts-forecast-bullish-trends-calsona-o1vue" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin price prediction experts forecast bullish trends calsona o1vue</span></a></li>
 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/news/enjin-coin-price-prediction-for-today-february-11-enj-technical-analysis" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Enjin Coin Price Prediction for Today, February 11 – ENJ Technical Analysis</span></a></li>
 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/news/sponge-migration-complete-will-it-reach-10x-100x-potential-on-polygon" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">$SPONGE Migration Complete – Will It Reach 10x, 100x Potential on Polygon?</span></a></li>
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Bitcoin Price Prediction: CryptoQuant Says BTC Could Soar To $112K This Year On ETF Inflows As Investors Turn To This Cloud Mining ICO For 1...

Table of Contents

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