Bitcoin

Gold

<p><span style="font-weight: 400;">The Bitcoin price was able to </span><a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">print</span></a><span style="font-weight: 400;"> a slight gain over the past 24 hours to trade at $39,978.38 as of 10 am EST.</span></p>
<h2 id="span-style-font-weight-400-gold-expected-to-outperform-bitcoin-in-2024-span"><span style="font-weight: 400;">Gold Expected To Outperform Bitcoin In 2024</span></h2>
<p><span style="font-weight: 400;">Meanwhile, Bloomberg senior commodity strategist Mike McGlone believes Bitcoin is likely to outperform the stock market on a risk-adjusted basis in 2024, but adds that gold may outperform the king of cryptocurrencies</span><span style="font-weight: 400;">.</span></p>
<p><span style="font-weight: 400;">Despite the bullish approval of spot Bitcoin ETFs (exchange-traded funds) and the upcoming halving, macroeconomic factors may prevent BTC from reaching a new all-time high in 2024, according to the analyst. </span></p>
<p><span style="font-weight: 400;">In an interview with CoinTelegraph, McGlone said that the U.S. market may finally enter a recession this year, which should drive the stock market down. This should also impact the leading cryptocurrency negatively.</span></p>
<p><span style="font-weight: 400;">“When the stock market and beta goes down, Bitcoin goes down more,” McGlone said. In this environment, he expects gold and long Treasury bonds to come out on top.</span></p>
<h2 id="span-style-font-weight-400-the-bitcoin-price-could-drop-in-the-next-few-days-span"><span style="font-weight: 400;">The Bitcoin Price Could Drop In The Next Few Days</span></h2>
<p><img decoding="async" src="https://s3.tradingview.com/snapshots/m/mkC1cWQM.png" alt="TradingView Chart"></p>
<p><span style="font-weight: 400;">Daily chart for BTC/USDT (Source: </span><a href="https://www.tradingview.com/x/mkC1cWQM/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">TradingView</span></a><span style="font-weight: 400;">)</span></p>
<p><span style="font-weight: 400;">A medium-term bearish technical flag is on the verge of being triggered on BTC’s daily chart. Currently, the 20 Exponential Moving Average (EMA) line is dropping towards the 50 EMA line. This suggests that momentum for the </span><a href="https://insidebitcoins.com/news/arthur-hayes-says-mini-financial-crisis-may-send-bitcoin-to-30k-plans-to-load-up-on-solana-and-dogwifhat" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin</span></a><span style="font-weight: 400;"> price was more bearish over the last 20 days compared to the past 50 days. The last time these two EMA lines crossed bearishly was on Aug. 16, 2023, and resulted in BTC dropping from a high of $29,259.85 to $25,166 in the following couple of days.</span></p>
<p><span style="font-weight: 400;">These two lines intersecting in the next 48 hours may signal that BTC has entered into a bearish cycle. This could put the Bitcoin price at risk of dropping below the current support at $40,000 and test the $38,000 mark soon. A break below this subsequent support level may then lead to the bitcoin price falling to as low as $35,390 in the next few days.</span></p>
<h2 id="bitcoin-price-btc-may-consolidate">Bitcoin Price: BTC May Consolidate</h2>
<p><span style="font-weight: 400;">This bearish thesis may be invalidated if the </span><a href="https://insidebitcoins.com/news/investor-confidence-fuels-bitcoin-minetrix-presale-to-9-million-despite-btc-price-fall" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin</span></a><span style="font-weight: 400;"> price manages to close the next two daily candles above $40,000. In this more bullish scenario, BTC may consolidate for a couple of days before attempting a challenge at the $42,450 resistance level. A break above this threshold could then clear a path for the Bitcoin price to rise to the next barrier at $44,430.</span></p>
<p><span style="font-weight: 400;">While the Bitcoin price shows signs of a potential correction, Bitcoin Minetrix is gaining traction at an alarming speed with its presale </span><a href="https://twitter.com/bitcoinminetrix/status/1750453653163368738" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">surging</span></a><span style="font-weight: 400;"> past $9.2 million.</span></p>
<h2 id="span-style-font-weight-400-a-new-era-in-bitcoin-cloud-mining-span"><span style="font-weight: 400;">A New Era In Bitcoin Cloud Mining</span></h2>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">🚀 Exploring the differences 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! 💡</p>
 <p>Safety and Security: 🔒<a href="https://twitter.com/hashtag/BTCMTX?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCMTX</a>: Decentralized, user-owned tradable <a href="https://twitter.com/hashtag/Tokens?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Tokens</a>.</p>
 <p>Traditional: Cash deposits required. <a href="https://t.co/l1nHJE6BdT" rel="noopener noreferrer nofollow">pic.twitter.com/l1nHJE6BdT</a></p>
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1750443443384402195?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 25, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<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;"> has investors excited as it shows the potential to give the Bitcoin cloud mining sector a much-needed face lift. Through its innovative platform, the project incorporates decentralization to drastically lower the barrier to entry for anyone looking to get started with Bitcoin cloud mining.</span></p>
<p><span style="font-weight: 400;"> This may make it an extremely popular platform in coming months as Bitcoin is set to become more scarce following the halving event in April.</span></p>
<p><span style="font-weight: 400;">Its unique stake-to-mine model is also a clever blend of Bitcoin mining and staking, giving investors the best of both earning opportunities. It also gives investors access to one of the very few passive income opportunities that are paid in the leading cryptocurrency, while not having to maintain large and complex machinery themselves.</span></p>
<h2 id="span-style-font-weight-400-investors-identify-btcmtx-as-a-10x-opportunity-span"><span style="font-weight: 400;">Investors Identify BTCMTX As A 10x Opportunity</span></h2>
<p><iframe title="Bitcoin Minetrix Shatters Records with $9 MILLION Presale! 💰💎" width="640" height="360" src="https://www.youtube.com/embed/P8x1wU7SUXE?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;">Bitcoin Minetrix’s presale has performed phenomenally well and has raised more than $9.2 million. Currently selling for $0.013, BTCMTX can be purchased on the project’s website using either ether (ETH), Tether (USDT) or bank card.</span></p>
<p><span style="font-weight: 400;"> Investors will want to hurry, as the crypto’s price is set to increase in about 16 hours. With the approval of spot Bitcoin ETFs in the U.S., </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;"> may be the last opportunity for smaller non-institutional investors to gain exposure to Bitcoin at a low price.</span></p>
<h3 id="span-style-font-weight-400-related-articles-span"><span style="font-weight: 400;">Related Articles:</span></h3>
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Bitcoin Price Prediction: As Bloomberg Analyst Says Gold Will Outperform BTC In 2024, There’s No Stopping This Bitcoin Derivative Presale

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