BTC price analysis and two other tokens to watch (Bitcoin ETF Token, Bitcoin Minetrix)

Bitcoin reached its highest price since May 2022, breaking $38.5K resistance with the current price of $38.8K. Will it rise to $40,000 or return to previous trading territory?

Meanwhile, two trend-savvy Bitcoin-related cryptocurrencies, Bitcoin ETF Token and Bitcoin Minetrix, are also surging in their respective presales.

Bitcoin gains strength after strong daily close

Throughout November, Bitcoin struggled at $38K-$38.5K resistance, rejecting it several times. However, the recent rally caused the price to break above, closing the daily candle at $38.7K.

Looking at the daily closing price, we can see that buyers are still controlling this level, indicating strong bullish momentum.

Currently, the daily candlestick is also showing strength and is showing an upward trend without resistance.

Meanwhile, volume began to increase following the breakout. This is a sign of growing interest as the market looks to move higher.

With this in mind, Bitcoin will likely continue to rise towards $40,000. This is a psychologically important level where there is likely to be a lot of interest and trading activity.

Based on the Fibonacci retracement tool, Bitcoin is currently in a buy zone where a macro trend reversal confirmation has occurred, but still holds significant upside potential.

According to the tool, Bitcoin’s next target would be around $42.4K if it continues its upward trend.

According to market sentiment, the community is very excited about a close above $38,000 due to tireless resistance.

The Bitcoin Fear Greed Index rose 3 points from 69 to 72, showing investors are much more confident after the bullish candle.

Meanwhile, analysts and influencers also weighed in on the situation. “It’s game over for all $BTC bears,” Mister Crypto said in response to the breakout. The tweet was posted 21 hours ago and has received over 450 likes so far.

However, analyst Gert van Lagen recently highlighted a very bullish alternative chart idea. Gert pointed to a 6-hour candlestick just above the rising channel, suggesting that this would be a bullish breakout.

Although not without risk, Bitcoin’s price chart and market sentiment are generally optimistic, indicating a move to $40,000 is likely in the coming days.

With this in mind, investors may want to consider new Bitcoin-related tokens that could pump alongside the world’s leading cryptocurrency. However, these new projects may offer more upside potential due to their significantly lower market caps.

Popular Bitcoin ​​ETF token raises $2.2 million and offers 112% staking APY

The Bitcoin ETF token is an emerging cryptocurrency that rewards holders as the Bitcoin ETF develops. This creates many benefits, including price increases due to the hype around the ETF, while $BTCTETF’s tokenomics make the token more valuable.

The team has allocated 25% of tokens to be burned in line with five key Bitcoin ETF milestones, the first of which is when the Bitcoin ETF generates $100 million in trading volume. At this point, 5% of tokens will be retired, which will also occur at four additional milestones.

Additionally, a 5% burn tax is levied on transactions, reduced by 1% at each milestone. This aims to encourage long-term holding and ensure high potential Initial Exchange Offerings (IEOs).

Bitcoin ETF token holders can also compound their investment by staking their tokens. Currently, staking offers an Annual Percentage Yield (APY) of 112%, but this figure will decrease as staking pools grow, so investors will need to act quickly.

The last major pillar of the project is Bitcoin ETF Alert, which updates the community with the latest Bitcoin news on its website. This feature aims to foster an active and engaged community by allowing readers to share news via social media, while also providing the potential for word of mouth to spread.

Investors can purchase Bitcoin ETF tokens for $0.006, but they need to hurry as the pre-sale price is about to increase.

Innovative Stake-to-Mine Bitcoin Minetrix Raises $4.6 Million in Presale

Bitcoin Minetrix is ​​another attractive new pre-sale project that allows users to easily mine Bitcoin in the cloud. It doesn’t require any hardware, technical expertise or overhead, making it ideal for beginners and those who want to earn free Bitcoin without any worries.

This works by allowing users to stake $BTCMTX tokens for Bitcoin mining credits, which can then be burned for cloud mining power. This mining ability allows you to earn free Bitcoin.

This project not only provides unprecedented Bitcoin mining convenience, but also solves security issues that have plagued previous cloud mining protocols. This is accomplished through the decentralized and transparent $BTCMTX token, which is fully smart contract audited.

All users will need an Ethereum-compatible wallet like MetaMask to get started. This will undoubtedly bring Bitcoin mining to a wider audience, moving it towards mass adoption.

The good news for Bitcoin Minetrix investors is that $BTCMTX tokens play a key role in its operations and users will need to purchase them for staking. This provides a significant demand flow.

Meanwhile, selling pressure is severely limited because many tokens are locked up for staking. This creates favorable supply and demand dynamics that could lead to explosive growth following the IEO.

Bitcoin Minetrix presale raised $4.6 million and is priced at $0.0119. However, investors should act quickly as prices will continue to rise throughout the pre-sale period.