Bitcoin Price Prediction: Top Analyst Says BTC To ”Go Ballistic” After Hitting $49K As This Bitcoin Derivative Closes On $10 Million

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The Bitcoin price soared 4.8% in the last 24 hours to trade at $41,875 as of 12:05 a.m. EST on trading volume that surged 102% to $21 billion.

This comes as crypto analyst Jason Pizzino, with 307k YouTube subscribers, says that after Bitcoin hits $49,000 in the second half of this year, BTC and other cryptos will ”go ballistic,” along with the S&P 500, NASDAQ, and real estate prices.

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“And then we really need to get serious about where we start to take profits,” he added

Bitcoin Price Poised To Reclaim Previous High Above The Falling Wedge Pattern

The price of Bitcoin is showing signs of a bullish rally as it breaks out of a falling wedge pattern. The bulls found support on the upper boundary of the wedge at $39950, quickly rebounding resulting in a push upward in the price.

Despite the bullish move, the bulls still face a hurdle with the 200 simple moving average (SMA) support, but the 50 SMA on the 4-hour chart supports the Bitcoin price trading at $40,762

The Relative Strength Index (RSI) indicates a rebound from the 30 oversold region, surging past the midline level of 50 to 65. If the bullish move continues, it could push the RSI to the overbought zone, confirming the rally.

Bitcoin Price Prediction: The Bulls Target $49,000 Zone

The falling wedge pattern has given the bullish traders a little boost to overcome the 50 SMA as price aims to break the $44,690 resistance that could confirm a bull rally in the coming weeks as traders anticipate a reclaim of the previous high at $49,102.

However, many investors are turning to Bitcoin Minetrix to diversify their portfolio for lucrative returns as the token closes in on $10 million in funds raised.

BTCMTX Presale Secures $9.5 Million, Closes In On $10 Million Goal

The Bitcoin Minetrix (BTCMTX) presale has already secured over $9.5 million as it races towards its $10.3 million target with less than four days until a price hike.

You can buy BTCMTX tokens at the current price of $0.0131 before it increase in the upcoming stage.

#BitcoinMinetrix has successfully raised more than $9,400,000! ???? pic.twitter.com/4jFDiFu5wJ

— Bitcoinminetrix (@bitcoinminetrix) January 26, 2024

Stake-To-Mine, Earn Passive Income

The Bitcoin Minetrix cloud mining platform has been designed to give users full control over their mining endeavours through its stake-to-mine functionality. When you stake your BTCMTX tokens, you gain cloud mining credits that enable you to engage in decentralized Bitcoin mining and protect yourself from third-party cloud mining platform scams.

Exploring the advantages of #BitcoinMinetrix:

???? Convenient access made easy.
???? Enhanced efficiency with a streamlined cost structure.
???? Enjoy peace of mind, free from concerns about resale value.

Knowing the benefits is key! ???? #BitcoinMining #MiningEfficiency pic.twitter.com/tBCVjFELBO

— Bitcoinminetrix (@bitcoinminetrix) January 25, 2024

Furthermore, the platform offers a chance to earn passive income through staking with BTCMTX. Staking will earn rewards in the staking pool and an annual pay yield of 71%. Currently, over 598 million tokens have already been staked.

Participate In The Minedrop Airdrop Competition

Buying BTCMTX tokens allows you to participate in the Minedrop Airdrop Competition, which offers a chance to compete for a $30,000 prize pool, where you could be one of the fortunate ten winners to receive a $3,000 reward.

Conor Kenny, a crypto analyst on YouTube with over 179k subscribers, says that early entry into the presale will guarantee a high return once the token is launched on major exchanges.