Bitcoin Price Prediction: Anthony Scarammuci sees BTC hitting $170,000 in 2025 as experts say this Bitcoin derivative could be the best pre-sale to buy right now.

bitcoin price fell It has been trading at $42,944.91 as of 8:30 a.m. EST for some time over the past 24 hours, with markets stabilizing in anticipation of the launch of a spot Bitcoin ETF (ETF) last week.

Bitcoin price is expected to reach $170,000 in 2025.

Anthony Scaramucci, founder of Skybridge hedge fund, said in an interview Monday: Bitcoin By 2025, it could reach $170,000. His forecast is based on expected demand for the newly listed spot Bitcoin ETF and the upcoming halving event this year.

“If Bitcoin is currently worth $45,000 at the time of the halving, it will be worth $170,000 in mid-to-late 2025,” Scaramucci said.

Bitcoin Price Enters Bullish Cycle

BTC/USDT 4-hour chart (Source: TradingView)

that much Bitcoin The price has entered a bullish channel over the past 24 hours. During this period, the major cryptocurrency printed a series of higher highs and higher lows. As a result, BTC may soon attempt to challenge the upper boundary of the Bollinger Bands (BBANDS) indicator.

A break above this threshold, which is around $43,348.02, could push the Bitcoin price to challenge the $44,440 resistance level in the next 24 hours. If the cryptocurrency closes two consecutive 4-hour candles above this mark, it may have the ground needed to advance towards the subsequent barrier of $46,700 in the near-term.

This bullish argument could be invalidated if the Bitcoin price falls below the positive trend line formed on the 4-hour chart. Playback may also not be possible in the following cases: BTC It will be rejected by the upper bound of the BBADS indicator within the next 12 hours. Both of these situations could cause the Bitcoin price to adjust towards the immediate support level of $42,450 within a few days. Continued selling pressure could push the market leader down to $40,160 over the next week if bulls do not intervene to protect the Bitcoin price.

Sellers are doing their best to tame BTC

There is selling pressure on the BTC chart, which is evident by the wick above the current 4-hour candle. This is a sign that the seller is trying to lower the price of Bitcoin. Nonetheless, the Relative Strength Index (RSI) indicator on the BTC 4-hour chart signals that buyers still have an advantage over sellers. RSI is above the simple moving average (SMA), which indicates that buyers are stronger than sellers. In addition to this, the RSI has a positive slope, indicating that buyers remain bullish.

As the Bitcoin price attempts to continue its strong run, investors may want to take a look at the following: Bitcoin Minetrix This is to prepare for the upcoming halving and increased institutional investment by spot Bitcoin ETFs.

Simplifying BTC Cloud Mining for Everyone

The upcoming Bitcoin ​​halving event is scheduled to take place around April of this year. This event, which is only a few months away, may result in reduced block rewards and a temporary drop in profitability.

With this in mind, investors can all look in the following directions: Bitcoin Minetrix An innovative cloud mining platform that generates steady profits paid in BTC.

Through decentralization, Bitcoin Minetrix Getting started with BTC cloud mining is as simple as staking your ERC-20 tokens. By enabling split ownership of cloud mining power, Bitcoin Minetrix reduces startup costs for anyone wanting to mine in the cloud.

To get started, investors must purchase BTCMTX. here. After purchasing, you need to stake your tokens in exchange for “gas” tokens. These rewards must then be burned if the holder wants to claim a portion. Bitcoin Minetrix Cloud mining power.

Investors Run for Passive Income Opportunities

As the April halving approaches, mining costs are expected to soar.@RiotBlockchain, @TeraWulfIncand @CleanSpark_Inc You’re in a good position, but what are your thoughts on how other miners will adapt? 🚀⛏️

on the other side, #Bitcoin Metrics We have now raised over $8,400,000! 📣 pic.twitter.com/BwdYTOkrWF

— Bitcoin Minetrix (@bitcoinminetrix) January 15, 2024

Bitcoin Minetrix The pre-sale amount has already exceeded $8.6 million, and there are only four days left until the price increase. Currently selling for $0.0129, BTCMTX can be purchased on the Bitcoin Minetrix official site. Website Use Ether (ETH), Tether (USDT) or your bank card.

Related articles:

A new cryptocurrency mining platform – Bitcoin Minetrix

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