Excitement is flooding the cryptocurrency market as Bitcoin is on the brink of price discovery.

Meanwhile, the emerging Bitcoin Minetrix ICO project crosses the $13 million mark, generating significant interest from analysts.

Bitcoin is rising, but investors expect further gains in the future

According to analysts, Bitcoin is ready for another monumental explosion that will take it to unprecedented heights.

Currently listed at 70.5 thousand. dollars, Bitcoin exceeded 71 thousand today. dollars for the first time since mid-March.

The price of Ts is up 4.9% today, 11.6% this week and 36% this month. Its market capitalization is $1.3 trillion and its 24-hour trading volume has seen a drastic increase, by as much as 48% to $45 billion.

After the creation of ATH on March 14 worth PLN 73.75 thousand. dollars, Bitcoin retreated, reaching lows of 61.1 thousand. dollars.

Analysts, however, believe that this is Bitcoin’s local bottom and speculate that further increases will be inevitable.

“New higher low has stabilized and #Bitcoin is back towards highs. The next stage higher has begun. $100,000 is a matter of time,” said prominent market analyst CryptoJelleNL.

The analyst cited a price chart showing Bitcoin making higher highs and higher lows, with its recent rebound creating a recent higher low.

In another recent tweet, Jelle noted that Bitcoin’s funding rate has returned to base levels. This means leveraged long positions have been eliminated, reducing the risk of Bitcoin liquidation and allowing for a more sustained upward price move in the coming weeks.

“Bitcoin is trading at $70,000 and the funding heatmap looks like this. “The shakeout did its job,” he explained.

Meanwhile, One Intent trader predicts Bitcoin will rise to 86 thousand dollars in the coming weeks.

After breaking through the trendline resistance level and bouncing off the 200-day EMA, he noted that Bitcoin is currently in a “short squeeze” phase, encouraging bears to place trades that, once liquidated, will allow Bitcoin’s price to rise.

“Bitcoin is bouncing off a key support level (200 EMA), breaking the diagonal resistance, and will soon devour the shorts, triggering a short squeeze,” he said.

Bitcoin has surged since the tweet, but remains in a short squeeze.

In another tweet today, the analyst explains: “Bitcoin will consolidate here, giving bears time to get revenge on yesterday’s pump. They go short again and go higher until the monthly close.”

Apparently, Bitcoin’s recent rebound has fueled bullish sentiment in the market, and experts expect the uptrend to continue for the market leader.

However, this is not the only rate of cryptocurrency accumulation. New Bitcoin Minetrix pre-sales are also growing, having recently surpassed the $13 million total raised.

The popular Bitcoin Minetrix raises $13 million and offers a 55% APR

Bitcoin Minetrix pre-sales are booming, with Bitcoin halving happening in less than a month.

Bitcoin Minetrix is ​​an exciting cloud mining project that uses the innovative Stake-to-Mine mechanism for secure, decentralized and easy cloud mining.

The project encourages users to stake its native token $BTCMTX in exchange for Bitcoin mining credits. They can then burn these credits to gain cloud mining power, which translates into free Bitcoin.

This innovative approach essentially tokenizes Bitcoin mining in the cloud, making it universally accessible and easy for everyone.

The project is built on the Ethereum network, but will pay out real BTC rewards. This caused great excitement, as evidenced by the total pre-sale amount of $13 million.

As part of its two-pronged approach to Bitcoin rewards, Minetrix will also supplement staking rewards with its native $BCMTX token.

Although the Stake-to-Mine mechanism has not launched yet, pre-sale investors can stake their tokens for $BTCMTX. Rewards are currently priced at 57% APR, but this will decrease as the stake pool increases.

To further encourage early adopters, the Bitcoin Minetrix pre-sale price will gradually increase throughout the event, with the next increase occurring in just four days or when the pre-sale reaches $13.6 million.

Therefore, those who want to secure the best price should not wait.

Visit Bitcoin Minetrix pre-sale

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