Bitcoin Price Prediction - Will BTC Hit $40k this Month As Bitcoin Minetrix Raises $4 Million
Summary
Press release about recent ICOs, announcement from startups, new cryptocurrency launch by firms and unlike.Major cryptocurrencies display bullish strength over the weekend, with the global crypto market cap appreciating by 2% over the past day.The Bitcoin price continues to consolidate in the $36k $37k range, currently trading near the $36,600 mark. Experts believe that BTC will remain range-bound until Monday when it could surge to retest the $38k high.Indeed, while Bitcoins 24-hour trading volume has dropped by 40%, the open interest and funding rates have been completely reset, primed for an explosive bull rally. BTCs market capitalization is currently at $716 billion, representing a dominance of over 52.5%.Meanwhile, a new cryptocurrency Bitcoin Minetrix is also gaining traction, thanks to its BTC mining utility.Popular crypto analysts such as @DrProfitCrypto are highlighting the importance of the crucial MA20 support in the daily time frame. Indeed, Bitcoin continues to create higher lows, which could signal a bull rally.Analyst @CredibleCrypto, who has over 350k followers on X, also believes that the Bitcoin price is preparing for a strong upward price action, which could see it surge to $39.4k before the end of the month, right on the brink of hitting the $40k milestone.As a result, experts such as @CryptoJelleNL remain confident that BTC will breach the $40,000 mark by the start of December, eventually hitting $42k before the end of the year.The bulls could first look to target the 10-day Simple Moving Average, which is currently hovering near the $36.7 price mark. The space has been dominated by wealthy corporations, resulting in high competition.To combat this monopoly, Bitcoin Minetrix democratizes the mining process, allowing investors to own a portion of the computational power, without any of the burden.
Funding
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