Ethereum

Kling

Bitcoin

Propel

MOON

<p><span style="font-weight: 400;">The Bitcoin price and that of Ethereum have seen gains in the last 24 hours, with Bitcoin edging up 0.54% to </span><a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">$43,159</span></a><span style="font-weight: 400;"> and Ethereum rising by 1.05% to </span><a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">reach $2,324</span></a><span style="font-weight: 400;"> as of 05:42 a.m. EST.</span></p>
<p><span style="font-weight: 400;">As these two cryptocurrencies surge, Travis Kling, the chief investment officer of Ikigai Asset Management, predicts that a unique combination of factors will propel ETH and BTC to new all-time highs (ATHs). Kling shared his insights in a Twitter thread, outlining what he believes will be the defining features of the crypto market in the next 1-2 years.</span></p>
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 <p lang="en" dir="ltr">🚨🚨Today I'm publishing my thesis on what I think could be the defining feature of the next 12-24 months in crypto.</p>
 <p>Settle in, this is a long one. The thesis is called:</p>
 <p>"A Lack of Pretense That Any of This Shit Does Anything or Will Ever Do Anything"</p>
 <p>Not financial advice.</p>
 <p>— Travis Kling (@Travis_Kling) <a href="https://twitter.com/Travis_Kling/status/1753455596462878815?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 2, 2024</a></p>
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<p><span style="font-weight: 400;">Some of the factors attributed to the possible BTC price surge include the approval of spot BTC ETFs last month, the upcoming halving event, and the anticipated cutting of rates by the Federal Reserve.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">1. BTC has essentially a free walk to ATHs. We just got spot BTC ETFs, which unlock safe access to BTC for trillions of dollars that haven’t previously had it. The halving is a few months away. The Fed is likely to cut rates multiple times this year. Stocks are at ATHs and look…</p>
 <p>— Travis Kling (@Travis_Kling) <a href="https://twitter.com/Travis_Kling/status/1753455602695610678?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 2, 2024</a></p>
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<p><span style="font-weight: 400;">Kling believes that the setup also works for Ethereum. However, for Ethereum, instead of halving, the project will rely on its burn mechanisms. Additionally, there is a possibility of a spot-market ETH being approved.</span></p>
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 <p lang="en" dir="ltr">2. The same setup as above is also essentially in place for ETH, just delayed by 3-12 months. For the exact same reasons that the SEC was forced to approve spot ETH ETFs (lost the Grayscale decision; court ruled that if you have BTC futures and BTC futures ETFs, you have to allow…</p>
 <p>— Travis Kling (@Travis_Kling) <a href="https://twitter.com/Travis_Kling/status/1753455605031764021?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 2, 2024</a></p>
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<p>The Bitcoin halving phenomenon has historically led to significant price increases for Bitcoin and Ethereum. Bitcoin surged 3,000% to reach a new all-time high, while Ethereum posted an astonishing 11,600% gain during the second halving. In the third halving, Bitcoin witnessed a 750% price increase, and Ethereum also saw a 2,300% surge in its price.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BitcoinHalving?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinHalving</a> A Stairway To New Highs ★<br>1st Halving: <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> went 9,000% to new All Time High (<a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETH</a> didn't exist yet).<br>2nd Halving: BTC climbed 3,000% to new ATH while <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> did a whopping 11,600%. <br>3rd Halving: <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> rose 750% &amp; ETH rose 2,300%</p>
 <p>Clearly, there are… <a href="https://t.co/ggQeaOFqGM" rel="noopener noreferrer nofollow">pic.twitter.com/ggQeaOFqGM</a></p>
 <p>— DeChad: LODGE (@LodgeDeChad) <a href="https://twitter.com/LodgeDeChad/status/1754460677073223771?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 5, 2024</a></p>
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<h2 id="span-style-font-weight-400-ethereum-and-bitcoin-price-outlook-span"><span style="font-weight: 400;">Ethereum And Bitcoin Price Outlook&nbsp;</span></h2>
<figure id="attachment_478191" aria-describedby="caption-attachment-478191" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-478191" src="https://insidebitcoins.com/wp-content/uploads/2024/02/ETHUSD_2024-02-05_13-43-25.png" alt="ETHUSD Chart Analysis Source: Tradingview.com" width="1281" height="565" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/ETHUSD_2024-02-05_13-43-25.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/02/ETHUSD_2024-02-05_13-43-25-300x132.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/ETHUSD_2024-02-05_13-43-25-1024x452.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/ETHUSD_2024-02-05_13-43-25-768x339.png 768w" sizes="(max-width: 1281px) 100vw, 1281px">
 <figcaption id="caption-attachment-478191" class="wp-caption-text">
  ETHUSD Chart Analysis Source: Tradingview.com
 </figcaption>
</figure>
<p><span style="font-weight: 400;">The Ethereum price is on an upward trajectory, consistently holding firm to the $2,170 support level, indicating resilience and a potential rebound.</span></p>
<p><span style="font-weight: 400;">ETH is currently trading slightly above the 50-day Simple Moving Average (SMA), affirming the bullish momentum. If the bullish momentum is sustained, the Ethereum price could soar past the 200-day SMA, coinciding with the nearest resistance at $2,389, which is above the moving average cross, affirming the bullish sentiments.</span></p>
<p><span style="font-weight: 400;">The Relative Strength Index has rebounded to cross the 50-midline level to 57, which indicates intense buying pressure.</span></p>
<p><span style="font-weight: 400;">Supported by the double bottom pattern, Ethereum price bulls are aiming to breach the $2,389 resistance, with the next resistance at $2,550 being the next target.</span></p>
<p><span style="font-weight: 400;">However, if the bears insert some pressure, the bulls may fail to breach the resistance at $2,389, with the bears driving the price down to the support level at $2,236</span></p>
<h2 id="span-style-font-weight-400-bitcoin-price-prediction-span"><span style="font-weight: 400;">Bitcoin Price Prediction</span></h2>
<figure id="attachment_478193" aria-describedby="caption-attachment-478193" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-478193" src="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-05_13-42-52.png" alt="BTCUSD Chart Analysis Source: Tradingview.com" width="1281" height="565" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-05_13-42-52.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-05_13-42-52-300x132.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-05_13-42-52-1024x452.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-05_13-42-52-768x339.png 768w" sizes="(max-width: 1281px) 100vw, 1281px">
 <figcaption id="caption-attachment-478193" class="wp-caption-text">
  BTCUSD Chart Analysis Source: Tradingview.com
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</figure>
<p><span style="font-weight: 400;">The Bitcoin price is currently trading within an ascending triangle, which could signal a bullish rally.</span></p>
<p><span style="font-weight: 400;">BTC has been on an upward trajectory but the bulls are unable to challenge the overhead resistance at $43,923.</span></p>
<p><span style="font-weight: 400;">The Bitcoin price is trading slightly above both the 50-day and 200-day Simple Moving Averages, which is an indication of bullish momentum.</span></p>
<p><span style="font-weight: 400;">The Relative Strength Index is also showing signs of a rebound from below the 50-midline level to 55, which is an indication of intense buying pressure. If the bullish momentum is sustained, this could go beyond the 70-overbought region.</span></p>
<p><span style="font-weight: 400;">However, if the bulls sustain the uptrend, BTC could break the $43,923 resistance towards the next resistance at $48,000, trying to reclaim the previous high at $49,000.</span></p>
<p><span style="font-weight: 400;">HoIf the price turns down and breaks below the critical support level at $42,000, the next support level will be back to $38,470.</span></p>
<p><span style="font-weight: 400;">As the Ethereum and Bitcoin prices rise, analysts are looking at Bitcoin Minetrix as an alternative, an innovative presale that may be poised for substantial returns post-launch.</span></p>
<h2 id="span-style-font-weight-400-a-promising-alternative-to-ethereum-and-bitcoin-span"><span style="font-weight: 400;">A Promising Alternative To Ethereum And Bitcoin&nbsp;</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;"> is a cutting-edge, decentralized cryptocurrency project that has been making waves in the crypto world. It is the first-ever stake-to-mine project, which means that users can earn Bitcoin mining rewards by staking the native $BTCMTX token. </span></p>
<p><span style="font-weight: 400;">This innovative approach to mining has garnered significant interest and investment from the crypto community. </span><span style="font-weight: 400;">The project has raised over $10.2 million in its presale and is racing towards hitting its $12.1 million target. It has attracted a lot of media attention for its unique features and potential to revolutionize the Bitcoin mining industry.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Big Announcement! 🎉<a href="https://twitter.com/hashtag/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinMinetrix</a> has hit a phenomenal milestone, raising over $10,000,000! 🪙 <a href="https://t.co/toEsT1NvWv" rel="noopener noreferrer nofollow">pic.twitter.com/toEsT1NvWv</a></p>
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1752664768802914798?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 31, 2024</a></p>
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<p><span style="font-weight: 400;">One of the key advantages of Bitcoin Minetrix is its low barrier to entry. This makes it an accessible option for individuals who wish to participate in mining without requiring expensive hardware and significant upfront capital.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Identifying the potential of mining <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> through <a href="https://twitter.com/hashtag/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinMinetrix</a>! 🔍⛏️</p>
 <p>Venturing into <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> mining effortlessly:</p>
 <p>✨ Easy start for newcomers.<br>💸 Affordable without hardware costs.<br>🏙️ No concerns about space, noise, or heat.<br>🔄 Smooth upgrades with zero hassle. <a href="https://t.co/PouV3K6EQo" rel="noopener noreferrer nofollow">pic.twitter.com/PouV3K6EQo</a></p>
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1754188145388593156?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 4, 2024</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;">BTCMTX tokens are priced at $0.0133 right now, but the price will increase in less than 5 days, offering a quick gain if you buy now</span></p>
<p><span style="font-weight: 400;">Additionally, Bitcoin Minetrix provides a </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">staking option for their token, $BTCMTX</span></a><span style="font-weight: 400;">, with a high annual percentage yield (APY) of 65%.</span></p>
<p><span style="font-weight: 400;">You also stand a chance to win $3,000 when you buy and stake your tokens. The project is currently running a </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">$30,000 minedrop airdrop competition</span></a><span style="font-weight: 400;">, where ten people will be declared winners.</span></p>
<p><span style="font-weight: 400;">Conor Kenny, a YouTube crypto analyst, says BTCMTX has the potential to explode on launch.</span></p>
<p><iframe title="NEW Altcoin Presale Bitcoin Minetrix MINES $BTC For YOU!!!" width="640" height="360" src="https://www.youtube.com/embed/HY1POVOEnxg?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;">To take part in the presale, visit </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">the BTCMTX official website</span></a><span style="font-weight: 400;">, connect your digital wallet, and swap your ETH or USDT for BTCMTX. You can also make purchases directly using your bank card.&nbsp;</span></p>
<h2 id="span-style-font-weight-400-related-news-span"><span style="font-weight: 400;">Related News</span></h2>
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Ethereum And Bitcoin Price Prediction: Top Analyst Says Unique Setup Will Propel ETH And BTC To New ATHs, But Can They Outperform This Surgi...

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