2024

Bitcoin ETF

Bitcoin

James

<p><span style="font-weight: 400;">The Bitcoin price rose 6% in the last 24 hours </span><a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">to trade at $52,075</span></a><span style="font-weight: 400;"> as of 00:42 a.m. EST on trading volume that surged 29% to $43 billion.</span></p>
<p><span style="font-weight: 400;">The price increase comes as CoinShares head of research James Butterfill says that spot Bitcoin ETFs (exchange-traded funds) had accumulated net inflows of $4 billion by Feb. 13.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">US spot Bitcoin ETFs have just hit net inflows of US$4bn. Yesterday was the largest net inflows of US$651m since the launch day on 11th January. <a href="https://t.co/uYk5Su7z7M" rel="noopener noreferrer nofollow">pic.twitter.com/uYk5Su7z7M</a></p>
 <p>— James Butterfill (@jbutterfill) <a href="https://twitter.com/jbutterfill/status/1757686622525563253?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 14, 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;">According to Butterfill, Tuesday saw the largest inflows since launch on Jan. 11 with $651 million. </span><span style="font-weight: 400;">BlackRock’s IBIT fund registered a single-day net inflow of $493 million, representing 70% of all daily inflows.</span></p>
<h2 id="span-style-font-weight-400-bitcoin-price-set-to-continue-its-bullish-momentum-span"><span style="font-weight: 400;">Bitcoin Price Set To Continue Its Bullish Momentum</span></h2>
<figure id="attachment_480887" aria-describedby="caption-attachment-480887" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-480887" src="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-15_08-42-17.png" alt="Bitcoin Price Chart Analysis Source: Tradingview.com" width="1281" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-15_08-42-17.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-15_08-42-17-300x130.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-15_08-42-17-1024x444.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD_2024-02-15_08-42-17-768x333.png 768w" sizes="(max-width: 1281px) 100vw, 1281px">
 <figcaption id="caption-attachment-480887" class="wp-caption-text">
  BTCUSD Chart Analysis Source: Tradingview.com
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</figure>
<p><span style="font-weight: 400;">The Bitcoin price has been on an uptrend, supported by the inverse head and shoulder pattern, which allowed the price to rally through a markup phase. However, the bulls have experienced a challenge at $52,578, acting as the resistance zone.</span></p>
<p><span style="font-weight: 400;">The BTC price has touched the upper boundary of the bullish pennant, signaling that the BTC price may be up for a rebound.</span></p>
<p><span style="font-weight: 400;">Additionally, the price is trading above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the anticipated bull rally. In addition, the 50-day SMA is trending above the 200-day SMA, forming a golden cross at $42,870, which further supports the incoming bull run.</span></p>
<p><span style="font-weight: 400;">The Relative Strength Index (RSI) is trading on a rebound from the 50-midline level at 72, indicating intense buying, which affirms the current bullish sentiments.</span></p>
<p><img decoding="async" class="alignnone size-full wp-image-480890" src="https://insidebitcoins.com/wp-content/uploads/2024/02/BTC-MACD.png" alt="BTC MACD" width="1281" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/BTC-MACD.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTC-MACD-300x130.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTC-MACD-1024x444.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTC-MACD-768x333.png 768w" sizes="(max-width: 1281px) 100vw, 1281px"></p>
<p><span style="font-weight: 400;">Furthermore, the Moving Average Convergence Divergence (MACD) line (blue) is trending above the signal line (orange), which affirms that it is time to buy, which could further drive the price up.</span></p>
<p><span style="font-weight: 400;">The incoming bullish rally is also supported by the green bars on the histogram, which are extending further on the upside.</span></p>
<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;">The current Bitcoin price long-term technical analysis indicates that BTC is on a bullish trend, as confirmed by the price breaking above the pennant.&nbsp;</span></p>
<p><span style="font-weight: 400;">The RSI is trading above the overbought region of 70, signaling a potential price correction. In such a scenario, $48,018 could act as the best support zone. This could offer the best footing for the bulls to catapult the price through the resistance at $56,612, to a new high at $60,000.&nbsp;</span></p>
<p><span style="font-weight: 400;">As the bulls await the halving in about two months, the price is likely to rally even more.&nbsp;</span></p>
<p><span style="font-weight: 400;">Meanwhile, as the Bitcoin price heads north, analysts say Bitcoin Minetrix is emerging as another compelling way to play the BTC bull run, with the potential to go 10X on launch.</span></p>
<h2 id="span-style-font-weight-400-btcmtx-presale-surpasses-10-9-million-closes-on-11-5-million-target-span"><span style="font-weight: 400;">BTCMTX Presale Surpasses $10.9 Million, Closes On $11.5 Million Target</span></h2>
<p><span style="font-weight: 400;">If you are a Bitcoin miner, you are aware of the intricate and resource-demanding nature of the activity, as it requires specialized hardware and technical expertise. But with </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;">, you have a cutting-edge, decentralized cryptocurrency project that is fixes such issues.</span></p>
<p><span style="font-weight: 400;">Such an innovative approach has already garnered a massive following from the crypto community, with over $10.9 million already secured in early funding as it hurtles towards its target of $11.5 million.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">🚀 Spot Bitcoin <a href="https://twitter.com/hashtag/ETFs?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETFs</a> are shaking up the market dynamics, acquiring <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> at a rate surpassing miner production by 10x! <a href="https://twitter.com/hashtag/WallStreet?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#WallStreet</a> giants like <a href="https://twitter.com/BlackRock?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@BlackRock</a> and <a href="https://twitter.com/Fidelity?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Fidelity</a> are driving this surge, fueling demand for <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>.</p>
 <p>What do you think this means for the future of… <a href="https://t.co/sXCwRLmmJA" rel="noopener noreferrer nofollow">pic.twitter.com/sXCwRLmmJA</a></p>
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1757786523565535314?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 14, 2024</a></p>
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<h2 id="span-style-font-weight-400-buy-and-stake-btcmtx-10x-returns-span"><span style="font-weight: 400;">Buy And Stake BTCMTX, 10X Returns</span></h2>
<p><span style="font-weight: 400;">You can </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">buy and stake your BTCMTX tokens</span></a><span style="font-weight: 400;"> and receive an impressive 62% annual percentage yield (APY). When you stake, you automatically get tradable ERC-20 token credits, which, when burned, give you BTC cloud mining power.</span></p>
<p><span style="font-weight: 400;">Invest in BTCMTX tokens now while they are priced at just $0.0134. Act swiftly, as the price is poised to surge in less than half an hour.&nbsp;</span></p>
<p><span style="font-weight: 400;">When you buy and stake BTCMTX, you also automatically secure a place in the ongoing </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">$30,000 minedrop competition</span></a><span style="font-weight: 400;">. There will be ten winners who will be selected, each receiving a $3,000 prize.</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;">According to Jacob Bury, a prominent YouTube crypto analyst, BTCMTX has the potential to reach 10X on 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;">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;"> and swap your ETH or USDT for BTCMTX. You can also make purchases directly using your bank card</span><span style="font-weight: 400;">.</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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Bitcoin Price Prediction: BTC Pumps 6% To Break $52K As CoinShares Says Bitcoin ETF Inflows Hit $4 Billion And Bitcoin Minetrix’s Presale Br...

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