Bitcoin prices surged 4.8% to $41,875 per 24 hours, and trading volume surged 102% to $21 billion. Cryptocurrency analyst Jason Pizzino said that after Bitcoin reaches $49,000 in the second half of this year, Bitcoin and other cryptocurrencies, the S&P 500, the Nasdaq and real estate prices will "explode." He also added: "Then we need to seriously consider starting to take profits." Bitcoin prices are expected to return to the rising wedge chart pattern.
Bitcoin price is showing signs of a bullish run, breaking out of a falling wedge pattern. Bulls found support at the upper border of $39,950 and quickly rebounded, pushing the price higher. Despite the bullish move, bulls are still facing support from the 200 Simple Moving Average (SMA), but the 50 SMA on the 4-hour chart supports Bitcoin price trading at $40,762. The Relative Strength Index (RSI) showed a rebound from the oversold area of 30, rising above the mid-line level of 50 to reach 65. If the bull run continues, it may push the RSI to the overbought zone, confirming the upward move. Bitcoin Price Prediction: Bullish on the $49,000 area.
The falling wedge pattern gave a little momentum to bullish traders, helping it to overcome the 50 SMA, and the price aims to break the $44,690 resistance, which may confirm a bull run in the coming weeks, with traders expecting to recapture the previous high of $49,102. However, many investors are turning to Bitcoin Minetrix to diversify their portfolios and gain good returns as the token is close to raising $10 million.
The Bitcoin Mining Network (BTCMTX) presale has already received over $9.5 million, a little short of the target of $103,000 with less than four days left to go. You can buy BTCMTX tokens at the current price of $0.0131 and then increase in the upcoming phases.
The Bitcoin Mining Network cloud mining platform aims to give users full control over their mining activities through its staking mining feature. When you stake BTCMTX tokens, you will earn cloud mining points, enabling you to participate in decentralized Bitcoin mining and protect yourself from fraud by third-party cloud mining platforms.
In addition, the platform also provides the opportunity to earn passive income by staking BTCMTX tokens. Staking will be rewarded in the staking pool and receive an annual payout yield of 71%. More than 598 million tokens have been staked.
Purchasing BTCMTX tokens enables you to participate in the mining airdrop competition, which offers the opportunity to compete for a $30,000 prize pool, and you may be one of the lucky ten winners to receive a $3,000 reward.
Participating in the presale at an early stage will ensure high returns after the tokens are listed on major exchanges. To join, visit the BTCMTX website, connect your digital wallet, and exchange your ETH or USDT for BTCMTX tokens. You can also purchase directly with a bank card.
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