Bitcoin

April

when

Rekt

Divergence

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 The Bitcoin price is up a fraction in the past 24 hours to trade for $64,225 as of 06:50 a.m. EST.
 Trading volume has dropped by 7%, however, amid a broader market gloom. Despite the lull in the market, Bitcoiners and crypto enthusiasts remain strong in the market as some anticipate a parabolic move up.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 #Bitcoin getting ready for the next parabolic move up! pic.twitter.com/IRvzMNqcrZ
 — Mister Crypto (@misterrcrypto) April 26, 2024
 </blockquote>
 
 Crypto Tony, a popular trader and analyst, says Bitcoin still has some upside potential left despite the recent all-time high of $73,777.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 New highs for #Bitcoin is inevitable IMO. I cannot see how that was the top
 — Crypto Tony (@CryptoTony__) April 26, 2024
 </blockquote>
 
 Elsewhere, crypto market watchers are bewildered by the epic sale of the “Buy Bitcoin” sign shown behind Janet Yellen at a congressional testimony in 2017. Based on a Bloomberg report, the sign has sold for $1 Million at an auction conducted by Scarce City at PubKey. Pubkey is a Bitcoin-themed bar in New York City.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 A yellow legal pad with "Buy Bitcoin" scribbled on it – the type that will cost you $8.99 for a three-pack on Amazon — just sold for $1.027 million during an auction https://t.co/HXT5HFeYId
 — Bloomberg Markets (@markets) April 24, 2024
 </blockquote>
 
 Reportedly, the online auction came soon after the Bitcoin price attained an all-time high. &nbsp;According to the auction house that facilitated the deal, Scarce.City, this was a record amount for the auction platform.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 And that's a wrap on one of the most ICONIC pieces of Bitcoin history. 🏆🍾
 Made a little history of our own … meet the official new https://t.co/rNz9DWL5WE record. 🏅 pic.twitter.com/3ixQmEHbd0
 — Scarce.City (@scarcedotcity) April 24, 2024
 </blockquote>
 
 The individual who photo-bombed Janet Yellen with the “Buy Bitcoin” sign seven years ago received 16 BTC (over $1 million) from Justin, alias Squirrekkywrath.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Congratulations to Justin, A.K.A. Squirrekkywrath, winner of the #BitcoinSignGuy auction for 16 #BTC. 🏆@tpacchia Get this man a Whale! 🐳 pic.twitter.com/DPpczcEzkJ
 — PUBKEY (@PubKey_NYC) April 24, 2024
 </blockquote>
 
 According to the head of research at Galaxy, Alex Thorn, the new owner of the yellow pad is a “Bitcoin OG that no one has ever heard of.” Christian Langalis, who had held up the sign in 2017, told CoinDesk that proceeds from the auction will go to fund a Bitcoin layer-2 startup called Tirrel Corp.
 This firm is developing a Bitcoin Lightning network wallet on Urbit. Langalis had been escorted out of the building for violating committee rules.
 <h2 id="bitcoin-price-outlook-as-markets-head-into-the-weekend">Bitcoin Price Outlook As Markets Head Into The Weekend</h2>
 The Bitcoin price is in a tough place, stuck between an area of strong bearish activity to the top and strong bullish activity to the bottom. To get out of here, Bitcoin price needs a catalyst to push it to the north. Some say this could be Hong Kong exchange-traded funds (ETFs) trading, expected to begin on Monday.
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 Usually what happens when the market looks like this is…
 — Kyle Chassé (@kyle_chasse) April 26, 2024
 </blockquote>
 
 Increased bullish momentum could see the Bitcoin price extend north, overcoming immediate resistance at $65,596. A strong move above this level could send BTC price higher, into the levels above the $68,000 psychological level, effectively escaping the area of huge bearish activity , represented by the large spikes on the volume profile (grey).
 A decisive move above $69,032 would draw in more bulls, potentially sending the Bitcoin price above the $70,000 threshold. In a highly bullish case, BTC could extend a neck higher, clearing the $71,311 blockade as it reaches to reclaim its all-time high of $73,777, recorded on March 13.
 Investors looking to take long positions for BTC, however, should wait for a decisive move of the Relative Strength Index (RSI) above the mean level of 50. This would be reinforced by a flip of the Moving Average Convergence Divergence (MACD) into positive territory, with the MACD line above the signal line suggesting an incoming bullish cycle.
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 <noscript><img decoding="async" class="aligncenter wp-image-512713 size-full" src="https://cdn.thebittimes.com/images/2024/04/26/3cc86284a8db37f9fe39bef54df2e6d5.webp" alt="Bitcoin price" width="1273" height="540" srcset="https://cdn.thebittimes.com/images/2024/04/26/3cc86284a8db37f9fe39bef54df2e6d5.webp 1273w, https://cdn.thebittimes.com/images/2024/04/26/3cc86284a8db37f9fe39bef54df2e6d5.webp 300w, https://cdn.thebittimes.com/images/2024/04/26/3cc86284a8db37f9fe39bef54df2e6d5.webp 1024w, https://cdn.thebittimes.com/images/2024/04/26/3cc86284a8db37f9fe39bef54df2e6d5.webp 768w" sizes="(max-width: 1273px) 100vw, 1273px">
 </noscript>
 TradingView: BTC/USDT 12-hour chart
 <h4>Converse Case</h4>
 On the other hand, if the bearish volume profile holds as a resistance around $66,613, the Bitcoin price could drop. Bearish momentum overpowering bullish effort sprouting around the yellow spikes of the volume profile could send Bitcoin price below the $62,000 base.
 In a dire case, the Bitcoin price could slip lower into the liquidity pool that stretches from $60,660 to around $59,005, which acts as a magnet for the price before a balance in the market can be achieved. Notably, when liquidity remains uncollected, there is instability in price until such orders are filled.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 #BTC
 Bitcoin continues to reject from the $65600 resistance (black) after failing to reclaim it as support
 Bitcoin has been producing downside wicks into this $60600 pool of liquidity (green) for multiple weeks now
 If Bitcoin continues to slide, there's a chance price could… https://t.co/yjyhFqFKuB pic.twitter.com/CNwxP4GvTq
 — Rekt Capital (@rektcapital) April 25, 2024
 </blockquote>
 
 As Bitcoin works out its next move, investors might consider BTCMTX, a Bitcoin derivative that has less than two days left before its presale closes.
 
 <div class="rll-youtube-player" data-src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/Zvv-ptYshTg" data-id="Zvv-ptYshTg" data-query="feature=oembed" data-alt="WILL BTCMTX RALLY AFTER LAUNCH?🚨 (Bitcoin Minetrix Presale Review)"></div>
 <noscript><iframe title="WILL BTCMTX RALLY AFTER LAUNCH?🚨 (Bitcoin Minetrix Presale Review)" width="640" height="360" src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/Zvv-ptYshTg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
 </noscript>
 
 <h2 id="promising-alternative-to-bitcoin">Promising Alternative To Bitcoin</h2>
 BTCMTX is a stake-to-mine project featuring among analysts’ top picks for the next 100X crypto to invest in with potential for massive gains. It is the ticker for the Bitcoin Minetrix ecosystem, a cloud-mining project making Bitcoin ownership achievable even for the ordinary folk.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Introducing the concept of #CloudMining for $BTC⚡️💻
 Cloud mining allows individuals to engage in #Bitcoin mining without the hassle of owning or handling the hardware themselves.
 Exploring the benefits:
 💰No upfront hardware costs. 🔧Requires only basic technical knowledge. pic.twitter.com/0rke3tRJ5l
 — Bitcoinminetrix (@bitcoinminetrix) April 25, 2024
 </blockquote>
 
 Bitcoin Minetrix challenges the traditional way of mining BTC, delivering benefits including cost-effectiveness and ease of use and navigation, thus ensuring you avoid stressors like noise and heat.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 #BTCMTX offers a dependable cloud mining solution for all.
 Past concerns about expensive hardware and deceitful cloud mining schemes have deterred many from joining this field.
 This decentralized method ensures transparency and a secure mining journey. ⚙️💎 pic.twitter.com/UbqrgH2GMh
 — Bitcoinminetrix (@bitcoinminetrix) April 24, 2024
 </blockquote>
 
 The mechanism that underpins this value addition is cloud-mining, an approach that is unique, decentralizing and tokenizing the entire process for maximum user convenience.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Simplifying your #Bitcoin mining journey with #BitcoinMinetrix! ⚒️
 Discover a tokenized cloud mining platform designed for everyone.
 Safely and openly mine $BTC with a decentralized strategy! 🛠️🌟 pic.twitter.com/NCwAZVh6Ud
 — Bitcoinminetrix (@bitcoinminetrix) April 24, 2024
 </blockquote>
 
 So far, presale sales have reached $13.38 million.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 #BTCMTX Announcement! 📢
 The final stage of #BitcoinMinetrix will be ending on April, 28th at 12 pm UTC! ⏰
 Followed by the Claim event scheduled for April, 30th at 10 pm UTC! 🚀
 Mark your calendars to ensure you don't miss out on these important dates! 🗓️ pic.twitter.com/s8RSTqlj6I
 — Bitcoinminetrix (@bitcoinminetrix) April 22, 2024
 </blockquote>
 
 BTCMTX tokens are available for $0.0148 each, with the claim event scheduled for April 30. If you are interested, buy now before it’s too late.
 Visit and buy Bitcoin Minetrix here.
 <h3 id="also-read">Also Read:</h3>
 <ul>
 <li>How To Buy Bitcoin Minetrix On Presale – Alessandro De Crypto Video Review</li>
 <li>Bitcoin Minetrix Presale Has Just Hours Left: Last Chance to Buy Before Price Rise</li>
 <li>Official Oboypapi Shares a New Way to Earn Bitcoin with the Bitcoin Minetrix Stake-to-Mine Approach</li>
 <li>Filipino YouTuber ALROCK Reviews the New Stake-to-Mine Crypto – Bitcoin Minetrix</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-price-prediction-as-buy-bitcoin-sign-behind-janet-yellen-sells-for-1m-investors-flock-to-this-btc-derivative-with-less-than-two-days-left-tbt86673.html">https://thebittimes.com/bitcoin-price-prediction-as-buy-bitcoin-sign-behind-janet-yellen-sells-for-1m-investors-flock-to-this-btc-derivative-with-less-than-two-days-left-tbt86673.html</a>
</div>

Bitcoin Price Prediction: As “Buy Bitcoin” Sign Behind Janet Yellen Sells For $1M, Investors Flock To This BTC Derivative With Less Than Two...

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