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<p><span style="font-weight: 400;">The Bitcoin price has soared 3.4% in the last 24 hours and 20% in seven days</span><a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow"><span style="font-weight: 400;"> to trade at $51,564.70</span></a><span style="font-weight: 400;"> as of 8:15 a.m. EST.&nbsp;</span></p>
<p><span style="font-weight: 400;">That helped BTC regain a market capitalization of $1 trillion, a level it last reached in November 2021.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">🚨BREAKING: <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> market cap reclaims $1 TRILLION🚨 <a href="https://t.co/abUw0TqV2k" rel="noopener noreferrer nofollow">pic.twitter.com/abUw0TqV2k</a></p>
 <p>— The Daily Moodz (@thedailymoodz) <a href="https://twitter.com/thedailymoodz/status/1757722196368146607?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 14, 2024</a></p>
</blockquote>
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<p><span style="font-weight: 400;">Despite being far below its all-time high of $69,0000, Bitcoin has more than tripled its price since January 2023. This surge was boosted by the launch of a batch of </span><a href="https://insidebitcoins.com/news/grayscales-bitcoin-etf-must-slash-fees-or-lose-share-to-blackrock-and-fidelity-funds-with-competitive-advantages-jpmorgan-says" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">spot Bitcoin ETFs (exchange-traded funds)</span></a><span style="font-weight: 400;"> in the US on Jan. 11th, while t</span><span style="font-weight: 400;">he upcoming Bitcoin halving in April is another reason behind the price pump. </span></p>
<h2 id="span-style-font-weight-400-bulls-set-to-drive-the-bitcoin-price-high-above-the-bullish-pennant-span"><span style="font-weight: 400;">Bulls Set To Drive The Bitcoin Price High Above the Bullish Pennant</span></h2>
<p><span style="font-weight: 400;">The bitcoin price has crossed above the bullish pennant pattern’s upper boundary, signalling a continuation of the bullish trend. The price has also exceeded the $50,000 mark as bulls are now poised to drive the price high.</span></p>
<p><img decoding="async" class="alignnone wp-image-480702 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-14_16-58-48.png" alt="Bitcoin Price" width="1623" height="697" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-14_16-58-48.png 1623w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-14_16-58-48-300x129.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-14_16-58-48-1024x440.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-14_16-58-48-768x330.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-14_16-58-48-1536x660.png 1536w" sizes="(max-width: 1623px) 100vw, 1623px"></p>
<p><span style="font-weight: 400;">BTC/USD Analysis. Source: Tradingview</span></p>
<p><span style="font-weight: 400;">The Bitcoin price had seen a slight retracement after the price broke above the pennant, and bears were pushing the price back to retest the boundary.</span></p>
<p><span style="font-weight: 400;">Bulls are now poised to push the price higher, aiming for the $60,000 mark in the short term, the distance X of the pennant indicated on the chart. However, a correction to the $50,000 mark is expected as traders observe a correction once the $60,000 level is achieved.</span></p>
<h2 id="span-style-font-weight-400-the-bitcoin-price-could-surpass-the-all-time-high-of-69-000-span"><span style="font-weight: 400;">The Bitcoin Price Could Surpass The All-Time High Of $69,000&nbsp;</span></h2>
<p><span style="font-weight: 400;"><img decoding="async" class="alignnone wp-image-480701 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-14_17-02-49.png" alt="Bitcoin price" width="1623" height="697" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-14_17-02-49.png 1623w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-14_17-02-49-300x129.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-14_17-02-49-1024x440.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-14_17-02-49-768x330.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-14_17-02-49-1536x660.png 1536w" sizes="(max-width: 1623px) 100vw, 1623px"></span></p>
<p><span style="font-weight: 400;">BTCUSD Analysis. Source: Tradingview</span></p>
<p><span style="font-weight: 400;">The cup and handle pattern above supports the anticipated bull rally past Bitcoin’s all-time high of $69,000. The price has crossed above the cup’s neckline, signalling traders to add more buy positions. BTC might reach $80,000 by the second quarter.</span></p>
<p><span style="font-weight: 400;">The technical indicators have a bullish bias as the 50-day and 200-day simple moving averages (SMAs) provide immediate price support. Furthermore, the SMAs indicate a golden cross at $29,000, affirming the momentum.</span></p>
<p><span style="font-weight: 400;">The relative strength index is rallying above the overbought level of 70 at 80, indicating intense buying pressure for the Bitcoin price.</span></p>
<p><span style="font-weight: 400;">As Bitcoin traders gear up for the bull rally, the innovative Bitcoin derivative, Bitcoin Minetrix, is making significant strides, surpassing the $10.8 million mark as it races towards its $11.5 million target.</span></p>
<h2 id="span-style-font-weight-400-bitcoin-minetrix-span-span-style-font-weight-400-revolutionalizes-cloud-span-span-style-font-weight-400-mining-presale-surpasses-10-8-million-span"><span style="font-weight: 400;">Bitcoin Minetrix </span><span style="font-weight: 400;">Revolutionalizes Cloud </span><span style="font-weight: 400;">Mining, Presale Surpasses $10.8 Million</span></h2>
<p><a href="https://insidebitcoins.com/visit/bitcoinminetrix/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">The Bitcoin Minetrix&nbsp;</span></a><span style="font-weight: 400;">platform’s mission is to make Bitcoin cloud mining cheaper and more secure through decentralization.&nbsp;</span></p>
<p><span style="font-weight: 400;">Users can access cloud mining with minimal cost compared to other cloud mining platforms and earn BTC through its stake-to-mine feature.</span></p>
<p><span style="font-weight: 400;">All you need to do is buy the BTCMTX token, which you need to stake to earn token rewards. You will then need to burn these token credits through the stake-to-mine feature to enable you to mine effectively and safely. You also can enjoy an annual pay yield of 62% when you stake your acquired BTCMTX tokens.&nbsp;</span></p>
<h2 id="span-style-font-weight-400-10x-your-investment-win-in-30-000-minedrop-airdrop-competition-span"><span style="font-weight: 400;">10x Your Investment, Win In $30,000 Minedrop Airdrop Competition</span></h2>
<p><span style="font-weight: 400;">The BTCMTX platform offers an opportunity for users to participate in the </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;">Participants have a chance to win up to $3,000 and be among the top 10 winners. To qualify, all you must do is buy and hold the BTCMTX tokens.</span></p>
<p><span style="font-weight: 400;">Crypto analyst Jacob Bury sees BTCMTX as an opportunity with 10X potential for investors who enter the presale early.&nbsp;</span></p>
<p><iframe title="Bitcoin Minetrix New 10x Potential Presale!? How BTCMTX Will Help People Mine Bitcoin" width="640" height="360" src="https://www.youtube.com/embed/37ne69bgi4c?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;">With less than 17 hours before a price hike, interested investors should act fast to acquire BTCMTX tokens at $0.0134 each.</span></p>
<p><span style="font-weight: 400;">You can buy the tokens through</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 to swap your ETH or USDT for the tokens. You can also use your bank card to make purchases.</span></p>
<h2 id="span-style-font-weight-400-related-articles-span"><span style="font-weight: 400;">Related Articles</span></h2>
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 <li style="font-weight: 400;" aria-level="1"><a href="https://www.linkedin.com/pulse/bitcoin-price-prediction-experts-forecast-bullish-trends-calsona-o1vue" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Bitcoin Price Prediction Experts Forecast Bullish Trends Calsona-o1vue</span></a></li>
 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/news/new-cryptocurrency-releases-listings-and-presales-today-puffer-analos-dymension" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">New Cryptocurrency Releases, Listings, and Presales Today – Puffer, Analos, Dymension</span></a></li>
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Bitcoin Price Prediction: BTC Reclaims $1 Trillion Market Cap After 20% Surge In 7 Days As This BTC ICO Hurtles Towards $11 Million

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Inside Bitcoins

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