Inu.

Convergence

Bitcoin

April

Rewards

<div class="insidebitcoins">
 The Bitcoin price rose 1.7% in the last 24 hours to trade at $51,751 as of 04:28 a.m. EST on trading volume that plunged 16% to $28 billion.
 This comes as FundStrat’s head of research, Tom Lee, believes the BTC price could hit $150,000 this year. According to Lee, the optimistic outlook for Bitcoin can be attributed to several factors. Firstly, the demand for Bitcoin is on the rise following the approval of spot Bitcoin ETFs earlier this year. Secondly, Lee anticipates a relaxation in monetary policies, aligning with widespread expectations.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 FundStrat head of research Tom Lee doubled down on his bullish outlook and said that $BTC could reach as high as $150,000 this year.
 What is your price prediction for #Bitcoin ? pic.twitter.com/CLxEUeAW5R
 — Conor Kenny (@conorfkenny) February 22, 2024
 </blockquote>
 
 Additionally, he points to the upcoming halving event in April as a pivotal moment. This event is expected to reduce the supply of Bitcoin, which is likely to contribute to an increase in its price.
 Lee remains optimistic about Bitcoin’s price, saying that it has been holding up, with a drawdown not likely to happen soon.
 <h2 id="span-style-font-weight-400-bitcoin-price-bullish-trading-within-the-ascending-triangle-span">Bitcoin Price Bullish, Trading Within the Ascending Triangle</h2>
 <figure id="attachment_482750" aria-describedby="caption-attachment-482750" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-482750" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201281%20555'%3E%3C/svg%3E" alt="Bitcoin Price Chart Analysis Source: Tradingview.com" width="1281" height="555" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/02/22/74f3c86f3f433873e079cd3cde4a5711.webp 1281w, https://cdn.thebittimes.com/images/2024/02/22/74f3c86f3f433873e079cd3cde4a5711.webp 300w, https://cdn.thebittimes.com/images/2024/02/22/74f3c86f3f433873e079cd3cde4a5711.webp 1024w, https://cdn.thebittimes.com/images/2024/02/22/74f3c86f3f433873e079cd3cde4a5711.webp 768w" data-lazy-sizes="(max-width: 1281px) 100vw, 1281px" data-lazy-src="https://cdn.thebittimes.com/images/2024/02/22/74f3c86f3f433873e079cd3cde4a5711.webp">
 <noscript><img decoding="async" class="size-full wp-image-482750" src="https://cdn.thebittimes.com/images/2024/02/22/74f3c86f3f433873e079cd3cde4a5711.webp" alt="Bitcoin Price Chart Analysis Source: Tradingview.com" width="1281" height="555" srcset="https://cdn.thebittimes.com/images/2024/02/22/74f3c86f3f433873e079cd3cde4a5711.webp 1281w, https://cdn.thebittimes.com/images/2024/02/22/74f3c86f3f433873e079cd3cde4a5711.webp 300w, https://cdn.thebittimes.com/images/2024/02/22/74f3c86f3f433873e079cd3cde4a5711.webp 1024w, https://cdn.thebittimes.com/images/2024/02/22/74f3c86f3f433873e079cd3cde4a5711.webp 768w" sizes="(max-width: 1281px) 100vw, 1281px">
 </noscript>
 <figcaption id="caption-attachment-482750" class="wp-caption-text">
 BTCUSD Chart Analysis Source: Tradingview.com
 </figcaption>
 </figure>
 Since the start of February, the price of Bitcoin has been on an upward trajectory, as shown by an inverse head and shoulders pattern. This pattern provided the momentum for bulls to push the price higher during a markup phase, although they encountered resistance at $53,000. Following this rejection, the price has seen fluctuations, trading within the confines of an ascending triangle.
 BTC is trading above the 200-day Simple Moving Average (SMA), indicating bullish momentum. If the price sustains the momentum, BTC may be able to overcome the 50-day SMA hurdle. However, the moving average (MA) cross formed at $42,875 supports the bullish sentiments.
 The Relative Strength Index (RSI) is rebounding from oversold levels to trade above the 50-midline level. This shows growing buying pressure as the RSI heads to the overbought region.
 <img decoding="async" class="alignnone size-full wp-image-482751" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201263%20256'%3E%3C/svg%3E" alt="BTCMACDSO" width="1263" height="256" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/02/22/554b57fe935215c2e2c22118ad4fe41f.webp 1263w, https://cdn.thebittimes.com/images/2024/02/22/554b57fe935215c2e2c22118ad4fe41f.webp 300w, https://cdn.thebittimes.com/images/2024/02/22/554b57fe935215c2e2c22118ad4fe41f.webp 1024w, https://cdn.thebittimes.com/images/2024/02/22/554b57fe935215c2e2c22118ad4fe41f.webp 768w" data-lazy-sizes="(max-width: 1263px) 100vw, 1263px" data-lazy-src="https://cdn.thebittimes.com/images/2024/02/22/554b57fe935215c2e2c22118ad4fe41f.webp">
 <noscript><img decoding="async" class="alignnone size-full wp-image-482751" src="https://cdn.thebittimes.com/images/2024/02/22/554b57fe935215c2e2c22118ad4fe41f.webp" alt="BTCMACDSO" width="1263" height="256" srcset="https://cdn.thebittimes.com/images/2024/02/22/554b57fe935215c2e2c22118ad4fe41f.webp 1263w, https://cdn.thebittimes.com/images/2024/02/22/554b57fe935215c2e2c22118ad4fe41f.webp 300w, https://cdn.thebittimes.com/images/2024/02/22/554b57fe935215c2e2c22118ad4fe41f.webp 1024w, https://cdn.thebittimes.com/images/2024/02/22/554b57fe935215c2e2c22118ad4fe41f.webp 768w" sizes="(max-width: 1263px) 100vw, 1263px">
 </noscript>
 Moreover, the Moving Average Convergence Divergence (MACD) line (blue) is trading below the signal line (orange) but above the zero line, which may signal an impending bullish reversal. The red bars on the histogram further support this sentiment, as they reduce in size towards the zero line.
 Additionally, the Stochastic Oscillator 14 3 3 line (green) is crossing above the trigger line (orange), indicating a bullish moving average crossover and signaling an impending bullish rally.
 <h2 id="span-style-font-weight-400-bitcoin-price-prediction-span">Bitcoin Price Prediction</h2>
 The Bitcoin price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> indicates bullish prospects for the BTC price, evident from the price trending within the ascending triangle. The bulls are aiming at breaking out above the upper boundary of the triangle, currently targeting $56,000, as they clear out the resistance at $53,000.
 However, if the bears take charge of the price, it may cause a retrace back to the next support zone at $48,371.
 Meanwhile, investors are diversifying their portfolio with Bitcoin Minetrix, a BTC derivative that’s racing towards its $12.178 million target for funds raised and that analysts say has the potential to 10X on launch.
 <h2 id="span-style-font-weight-400-btcmtx-secures-11-2-million-best-bitcoin-derivative-to-buy-now-span">BTCMTX Secures $11.2 Million – Best Bitcoin Derivative To Buy Now</h2>
 You may have encountered some issues with Bitcoin mining in the past, but not anymore. Bitcoin Minetrix (BTCMTX) is a revolutionary new platform that allows users to stake $BTCMTX tokens and earn mining credits to mine Bitcoin through a cloud-based system.
 It aims to fix the intricacies that come with Bitcoin mining, including high hardware costs and deceptive scams.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Examining the Cost Entry Point for #BitcoinMinetrix versus Traditional Cloud Mining: 🔍
 💰 #BTCMTX: Economical – (No obligatory minimum purchase)
 💸 Traditional Cloud Mining: Expensive – (Significant minimum payment required) pic.twitter.com/EqBGNevcoA
 — Bitcoinminetrix (@bitcoinminetrix) February 22, 2024
 </blockquote>
 
 You can currently purchase BTCMTX tokens at $0.0136 each, but, with the price set to increase in less than three days, act fast to secure quick gains.
 <h2 id="span-style-font-weight-400-stake-btcmtx-60-annual-rewards-span">Stake BTCMTX, 60% Annual Rewards</h2>
 You can also stake your acquired BTCMTX tokens and receive a high annual percentage yield (APY) of 60%, with over 693 million BTCMTX tokens already staked. When you stake, you acquire tradable ERC-20 token credits, which are burned to give you BTC cloud mining power.
 Moreover, by buying and staking on the platform, you can become a contender in the $30,000 minedrop competition. Ten winners will be selected from all the entries, each receiving a $3,000 prize.
 Crypto analyst Jacob Bury says that BTCMTX has the potential for 10X gains after its upcoming launch.
 
 <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 with Credit Card</li>
 <li>🐕📈 SHIBA INU PRICE PREDICTION 2024: 🚀 TO THE MOON OR 📉 CRASH LANDING?</li>
 <li>Where to Buy Presale Crypto: Unlock Exclusive Early Investments Now! 🎉🎉</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-price-prediction-as-top-analyst-sees-btc-hitting-150k-this-year-traders-diversify-into-this-cloud-mining-presale-with-10x-potential-tbt80521.html">https://thebittimes.com/bitcoin-price-prediction-as-top-analyst-sees-btc-hitting-150k-this-year-traders-diversify-into-this-cloud-mining-presale-with-10x-potential-tbt80521.html</a>
</div>

Bitcoin Price Prediction: As Top Analyst Sees BTC Hitting $150K This Year, Traders Diversify Into This Cloud Mining Presale With 10X Potenti...

Table of Contents

TheBitTimes

Other articles published on Feb 22, 2024

New ECB Report Claims Bitcoin ‘Has Failed’ Despite US Spot ETFs

Superfluid Secures $5.1M to Launch Distribution Pools and Unlock One-to-Many Streams (22 Feb)

Reddit Inks $60 Million Deal with Google to Boost AI Training Efforts

Multiple crypto tokens see north of 20% gains amid liquidity rotation

BNB Price Jumps Surprising 7% as Binance Makes Burn Announcement

Austin Hilton Provides Honest Insights on the New AI Meme Coin – Scotty the AI Presale Review

Join our free newsletter for daily crypto updates!