Biden

Bitcoin

Minedrop

Laser Eyes

Arthur

<p><span style="font-weight: 400;">The Bitcoin price traded at </span><a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">$47.9K</span></a><span style="font-weight: 400;"> as of 8:30 a.m. EST after surging 10.3% in the past week amid bullish sentiment that’s been boosted in recent days by the start of the Chinese New Year of the Dragon.</span></p>
<p>The surge has prompted <span style="font-weight: 400;">BitMEX founder Arthur Hayes to eat humble pie after he said earlier that he was <a href="https://www.youtube.com/watch?v=ysriqBlppcU" rel="noopener noreferrer nofollow">shorting</a> BTC in expectation it would slump as low as $35k before rallying again.</span></p>
<p>Now Hayes <a href="https://www.youtube.com/watch?v=ysriqBlppcU" rel="noopener noreferrer nofollow">says</a> he’s no longer short the king of cryptos and expects Bitcoin to hit a new all-time high of $70k by the end of the year.</p>
<p><span style="font-weight: 400;">Meanwhile, US President Joe Biden also made headlines after sharing a photo of himself with laser eyes on his X (formerly Twitter) account. Because it was Bitcoin bulls who started using such glowing eyes,</span><span style="font-weight: 400;">&nbsp;it appeared at first that Biden had turned into a Bitcoin ambassador.&nbsp;</span></p>
<p><span style="font-weight: 400;"> In fact, the tweet was an obscure reference to the </span><span style="font-weight: 400;">Kansas City Chiefs’ victory against the San Francisco 49ers in the 2024 Super Bowl. </span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Just like we drew it up. <a href="https://t.co/9NBvc5nVZE" rel="noopener noreferrer nofollow">pic.twitter.com/9NBvc5nVZE</a></p>
 <p>— Joe Biden (@JoeBiden) <a href="https://twitter.com/JoeBiden/status/1756888470599967000?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 12, 2024</a></p>
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<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;">Analyzing 1-hour BTC/USD charts, we notice the candlesticks within the Pitchfork channel are quite volatile, with wicks on both sides, suggesting indecision between buyers and sellers with Bitcoin trading at 0.33% below its previous 24-hour price. The Money Flow Index (MFI) is at 42.29, which is somewhat neutral but leans towards the lower side, indicating that there isn’t significant buying or selling pressure at the moment.</span></p>
<p><span style="font-weight: 400;">On the other hand, the Average Directional Index (ADX) is at 16.14, indicating a weak trend. An ADX value below 25 often suggests that there’s no strong trend in the market and the price moves could be more random or based on range-bound conditions.</span></p>
<p><span style="font-weight: 400;">Despite the recent uncertainty, Bitcoin looks to be on track for a pump in the long term as market activity indicates. This can be attributed to recent data suggesting Wall Street ETFs are buying 12.5x more Bitcoin per day than the network can produce.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: Wall Street ETFs are buying 12.5x more <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#bitcoin</a> per day than the network can produce, increasing the demand and price.<a href="https://t.co/RHmkGw8k1o" rel="noopener noreferrer nofollow">pic.twitter.com/RHmkGw8k1o</a></p>
 <p>— Documenting ₿itcoin 📄 (@DocumentingBTC) <a href="https://twitter.com/DocumentingBTC/status/1757033220170768468?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 12, 2024</a></p>
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<h2 id="span-style-font-weight-400-bitcoin-price-prediction-what-are-the-chances-btc-won-t-keep-pumping-span"><span style="font-weight: 400;">Bitcoin Price Prediction: What Are The Chances BTC Won’t Keep Pumping?</span></h2>
<p><span style="font-weight: 400;">With the price now moving above the Pitchfork Median line (Red line) but below the resistance, the Bitcoin price could see a pump in the short term as there is still space to retest the resistance. However, should the price break above the upper trend line of the descending Pitchfork channel with significant volume, it could indicate a potential trend reversal.&nbsp;</span></p>
<p><span style="font-weight: 400;">Given the ADX indicates a weak trend and the MFI is neutral, there’s also the potential for price to continue moving sideways within the channel, especially if it fails to break out.</span></p>
<p><img decoding="async" class="alignnone size-full wp-image-480158" src="https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1707747148928.png" alt="" width="2536" height="1198" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1707747148928.png 2536w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1707747148928-300x142.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1707747148928-1024x484.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1707747148928-768x363.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1707747148928-104x50.png 104w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1707747148928-83x40.png 83w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1707747148928-1536x726.png 1536w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1707747148928-2048x967.png 2048w" sizes="(max-width: 2536px) 100vw, 2536px"></p>
<p style="text-align: center;">1-hour BTC/USD chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol=CRYPTO%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p>
<p><span style="font-weight: 400;">Meanwhile, many investors are turning to Bitcoin cloud mining project Bitcoin Minetrix. Its presale has blasted past $10.7 million as it hurtles towards its $11.5 million target. It’s also ranked by analysts among </span><span style="font-weight: 400;">the </span><a href="https://www.linkedin.com/pulse/best-penny-crypto-investments-top-picks-explosive-growth-calsona-j8nhe/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">top presales for 2024</span></a><span style="font-weight: 400;">.</span></p>
<h2 id="span-style-font-weight-400-an-optimal-substitute-span"><span style="font-weight: 400;">An Optimal Substitute?</span></h2>
<p><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin Minetrix</span></a><span style="font-weight: 400;"> makes Bitcoin mining easier and cheaper for almost everyone by integrating cloud mining with staking, which removes the need for expensive mining hardware.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Introducing <a href="https://twitter.com/hashtag/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinMinetrix</a>: Your gateway to simplified <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> mining! 🚀⛏️</p>
 <p>With the tokenized cloud mining platform, anyone can mine <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> in a secure and transparent way.</p>
 <p>Say goodbye to third-party scams and take control of your mining journey. <a href="https://t.co/b9fZpDbDMH" rel="noopener noreferrer nofollow">pic.twitter.com/b9fZpDbDMH</a></p>
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1755637750013763664?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 8, 2024</a></p>
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<p><span style="font-weight: 400;">Users have full command over their cloud mining using Bitcoin Minetrix’s stake-to-mine functionality. By staking your BTCMTX tokens, you may earn cloud mining credits that can be used for decentralized Bitcoin mining. Because of this, the risk of fraud associated with third-party cloud mining services is also removed.</span></p>
<p><span style="font-weight: 400;">Another passive method to make money on the website is by staking BTCMTX, which presently returns 63% per year. Staking has reached around 661 million tokens. </span><span style="font-weight: 400;">In addition, there is a Minedrop contest, where ten fortunate winners will get $3,000.</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>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">Popular cryptocurrency expert and YouTuber Jacob Bury, with 27k followers, has given his stamp of approval to </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin Minetrix</span></a><span style="font-weight: 400;">, predicting a potential 10x increase in value upon 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;">With analysts </span><a href="https://www.linkedin.com/pulse/best-meme-coins-invest-top-picks-exponential-gains-calsona-iorle" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">speculating</span></a><span style="font-weight: 400;"> on a Bitcoin price pump amid the looming halving event, Bitcoin Minetrix is also perfectly positioned to benefit.</span></p>
<p><span style="font-weight: 400;">With the price of BTCMTX tokens due to increase in less than three days from the current $0.0134, interested investors should act fast to secure the lowest price.</span></p>
<p><span style="font-weight: 400;">You may buy BTCMTX tokens with several other cryptocurrencies, including ETH and USDT, and even with a credit card.&nbsp;</span></p>
<p><span style="font-weight: 400;">Visit Bitcoin Minetrix at </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">this link</span></a><span style="font-weight: 400;">&nbsp;to make your purchase.</span></p>
<h2 id="span-style-font-weight-400-related-news-span"><span style="font-weight: 400;">Related News</span></h2>
<ul>
 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/news/bitcoin-price-prediction-btc-soars-6-to-crash-through-47k-as-this-bitcoin-derivative-blasts-past-10-5-million" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin Price Prediction: BTC Soars 6% To Crash Through $47K As This Bitcoin Derivative Blasts Past $10.5 Million</span></a></li>
 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/news/how-to-buy-bitcoin-minetrix-on-presale-alessandro-de-crypto-video-review" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">How To Buy Bitcoin Minetrix On Presale – Alessandro De Crypto Video Review</span></a></li>
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Bitcoin Price Prediction: Arthur Hayes Stops Shorting BTC, Sees $70K ATH This Year As Joe Biden Posts Laser Eyes Meme After Super Bowl And E...

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