Convergence

Bitcoin

Secure

Divergence

<p><span style="font-weight: 400;">The Bitcoin price rose 2.5% 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 $51,443</span></a><span style="font-weight: 400;"> as of 04:45 a.m. EST on trading volume that surged 3% to $40 billion.</span></p>
<p><span style="font-weight: 400;">The current price increase comes as Skybridge founder Anthony Scaramucci says that it is not too late to buy Bitcoin, which has surged 19% in the last week.&nbsp;</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">With <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> back over $50k, average investor again wondering: "did I miss buying opportunity?" Answer is hard "no." Interest rates falling, spot ETFs driving billions in new flows, halving two months away. Face-ripping rally incoming IMO.</p>
 <p>— Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1757099107921867084?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 12, 2024</a></p>
</blockquote>
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<p><span style="font-weight: 400;">Scaramucci says BTC could soar even further now that interest rates are falling and spot Bitcoin ETFs (exchange-traded funds) are driving billions in new inflows. With the halving also expected to occur in two months, Scaramucci sees now as a great opportunity to buy more BTC. </span><span style="font-weight: 400;">He also believes that markets may be underestimating the potential growth of Bitcoin ETFs in future.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Looks like consensus estimate for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a>– ETFs at $10-$15BN is going to be low. 🚀</p>
 <p>— Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1757733900233625915?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 14, 2024</a></p>
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<h2 id="span-style-font-weight-400-bitcoin-price-breaks-above-the-bullish-pennant-span"><span style="font-weight: 400;">Bitcoin Price Breaks Above The Bullish Pennant</span></h2>
<figure id="attachment_480589" aria-describedby="caption-attachment-480589" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-480589" src="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD.png" alt="Bitcoin Price Chart Analysis Source: Tradingview.com" width="1281" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD-300x130.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD-1024x444.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSD-768x333.png 768w" sizes="(max-width: 1281px) 100vw, 1281px">
 <figcaption id="caption-attachment-480589" class="wp-caption-text">
  BTCUSD Chart Analysis Source: Tradingview.com
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</figure>
<p><span style="font-weight: 400;">This month, the price of Bitcoin experienced a significant surge following a period of consolidation, during which the price stabilized around $40,000. This stability provided a solid foundation for bullish traders to initiate a rally. As a result, the bulls successfully propelled the price through a markup phase, elevating it to $50,000.</span></p>
<p><span style="font-weight: 400;">BTC has now breached the upper boundary of the bullish pennant pattern, signaling a continuation of the bullish trend.</span></p>
<p><span style="font-weight: 400;">Additionally, the BTC price is trading above both the 50-day and 200-day Simple Moving Averages (SMAs), further supporting the bullish sentiment. The Relative Strength Index is trending upwards at 72, which is above the overbought threshold of 70. This rise from the 50-midline level suggests significant buying pressure.</span></p>
<p><img decoding="async" class="alignnone size-full wp-image-480591" src="https://insidebitcoins.com/wp-content/uploads/2024/02/Screenshot_11.png" alt="Bitcoin Price" width="1260" height="257" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/Screenshot_11.png 1260w, https://insidebitcoins.com/wp-content/uploads/2024/02/Screenshot_11-300x61.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/Screenshot_11-1024x209.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/Screenshot_11-768x157.png 768w" sizes="(max-width: 1260px) 100vw, 1260px"></p>
<p><span style="font-weight: 400;">Moreover, the Moving Average Convergence Divergence (MACD) line (blue) tends to be rebounding from trading below the signal line (orange), which signals a continuation of the upward trend.&nbsp;</span></p>
<p><span style="font-weight: 400;">This is further supported by the movement of the bars in the histogram, which shows that the price is bound for a rally, strengthening the bullish prospects for the BTC price. The Average Directional Index (ADX) is at 53, showing a very strong trend currently, which confirms the bullish momentum.</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 bullish momentum, as confirmed by the price breaking above the bullish pennant pattern.</span></p>
<p><span style="font-weight: 400;">As the RSI is trading above 70, there could be a possible correction of the price to create more positions for the bulls. If such a scenario happens, the price could retrace back to $48,317, a footing that will allow the bulls to rally the price to a new high at $56,000.</span></p>
<p><span style="font-weight: 400;">The bullish trend in Bitcoin’s price is positively influencing </span><span style="font-weight: 400;">Bitcoin Minetrix (BTCMTX)</span><span style="font-weight: 400;">, a BTC derivative that’s experiencing exponential growth in its presale. Investors eager to diversify their exposure to Bitcoin might well consider this token.&nbsp;</span></p>
<h2 id="span-style-font-weight-400-btcmtx-secures-10-8-million-best-alternative-to-bitcoin-to-buy-now-for-10x-returns-span"><span style="font-weight: 400;">BTCMTX Secures $10.8 Million – Best Alternative to Bitcoin To Buy Now For 10X Returns</span></h2>
<p><span style="font-weight: 400;">Bitcoin mining has been an expensive endeavor for a long time now, but not anymore. </span><a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin Minetrix</span></a><span style="font-weight: 400;"> is a cutting-edge, decentralized cryptocurrency project that aims to fix the problem of high hardware costs and deceptive scams that prevent people from mining Bitcoin.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Welcome to <a href="https://twitter.com/hashtag/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinMinetrix</a>: Your entrance to streamlined <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> mining! 🚀⛏️</p>
 <p>Experience tokenized cloud mining, making <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> mining accessible to all securely and transparently.</p>
 <p>Bid farewell to third-party scams and seize control of your mining adventure! 🌐🔒 <a href="https://t.co/iDRQH94Y74" rel="noopener noreferrer nofollow">pic.twitter.com/iDRQH94Y74</a></p>
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1757449694924472714?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 13, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">This innovative approach has brought in significant interest and investment from the crypto community. The Bitcoin Minetrix presale has already raised over $10.8 million in early funding as it hurtles towards its $11.5 million target.</span></p>
<p><span style="font-weight: 400;">BTCMTX tokens are currently priced at $0.0133, but the price will increase in less than one day, offering a quick gain if you buy now.</span></p>
<h2 id="span-style-font-weight-400-buy-and-stake-btcmtx-win-30k-minedrop-span"><span style="font-weight: 400;">Buy And Stake BTCMTX, Win $30K Minedrop&nbsp;</span></h2>
<p><span style="font-weight: 400;">You can also </span><span style="font-weight: 400;">buy and stake your BTCMTX tokens</span><span style="font-weight: 400;"> and receive a high annual percentage yield (APY) of 63%. Over 665 million tokens have already been staked. When you stake, you automatically get tradable ERC-20 token credits, which are burned in exchange for BTC cloud mining power.</span></p>
<p><span style="font-weight: 400;">Moreover, taking part in the platform’s buying and staking process automatically places you as a contender in the </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;">. Ten winners will be selected from all the entries, 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>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">Jacob Bury, a YouTube crypto analyst, says that BTCMTX has the potential to go 10X after 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></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 Blasts Past $51K After 19% Surge In A Week As Anthony Scaramucci Says It’s Not Too Late To Buy

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