Why Bitcoin Could Dip Below $30k as Bitcoin Minetrix Races $10 Million Milestone?

Bitcoin is just barely holding onto its $40,000 target, but for how long will it be able to sustain it?

Over the past few days, many analysts have come out and said that there’s a real potential that Bitcoin could dip below $30k if the momentum doesn’t shift soon.

If that’s the case, then where should investors seek profit tokens in the upcoming period? The answer is Bitcoin Minetrix ($BTCMTX).

Bitcoin Minetrix caught the market by storm with its incredible presale success and is preparing for its post-launch profit period.

Let’s check out exactly what it brings to the table!

Bitcoin Potentially Dipping Below $30,000 – But It’s “Cousin” Could Revive Your Portfolio in the Upcoming Weeks

Investors are closely monitoring the Bitcoin market as $4.5 billion worth of BTC monthly options are set to expire on January 26.

This event is particularly significant as it might influence whether Bitcoin’s recent price decline continues.

Many analysts, including the well-known cryptocurrency figure Arthur Hayes, suggest that the market may still see further declines.

In his recent essay “Yellen or Talkin?,” Hayes shares his insights on Bitcoin’s price movements. He predicts a potential drop to the $30,000 to $35,000 range, citing the influence of current market trends and decisions from major financial authorities, particularly in the US.

Even now, BTC is struggling to hold onto the $40,000 price point.

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However, it’s not all gloom and doom in Hayes’ perspective.

He remains optimistic about Bitcoin’s long-term future, foreseeing a possibility for its market cap to surpass its all-time high in 2021, potentially exceeding $1.3 trillion in the next few years.

But not all investors have a few years to wait to make a profit. Those who are interested in more short-term gains are now focusing on Bitcoin Minetrix ($BTCMTX).

Bitcoin Minetrix with the Year’s Hottest Presale Success – $9.5M Reached In Record Time as Early Investors Prepare for Post-Listing Gains

The success of the $BTCMTX presale is a testament to the crypto community’s belief in its goal of making Bitcoin mining more accessible to a broader audience.

This project has captured the attention of investors worldwide, and it raised $9.5M in record time.

Bitcoin Minetrix has a clear plan for its BTCMTX token distribution. Here’s a straightforward breakdown:

– 42.5% of the tokens are allocated for funding their Bitcoin mining operations.
– 35% are set aside for marketing and expanding the reach of BTCMTX.
– 12.5% is dedicated to providing staking rewards until their cloud mining platform is up and running.
– The remaining 10% is reserved for community rewards, encouraging active participation in the project.

The presale offers these tokens at a price lower than their anticipated future exchange listing price and right now, investors can purchase BTCMTX tokens for $0.013.

The excitement around Bitcoin Minetrix is clear, with their Twitter following now exceeding 19,000 people. Fueling this momentum are endorsements from notable cryptocurrency figures, such as Michael Wrubel and Conor Kenny.

Bitcoin Minetrix’s Mission is to Change the Way Cloud Mining Works Using a Stake-to-Mine Approach – the Industry Captivated by the Idea

Bitcoin Minetrix is revolutionizing Bitcoin mining with its unique Stake-to-Mine model.

In the past, mining Bitcoin was a domain reserved for those who could afford expensive equipment and possess the technical know-how. This exclusivity barred many from participating.

But now, Bitcoin Minetrix is making this process more inclusive. Their system allows users to stake the platform’s own token, BTCMTX, to obtain mining credits.

What’s intriguing about these credits is the flexibility they offer. Users have the choice to use them for mining Bitcoin or to claim a portion of the mining profits.

This approach opens the door to Bitcoin mining for a wider audience, eliminating the barriers of high costs and technical complexity. The model is also financially appealing, offering staking yields of up to 73% annually.

This presents a two-fold financial benefit for $BTCMTX token holders. By simplifying Bitcoin mining and providing a potential source of passive income, Bitcoin Minetrix is creating new opportunities in the investment space.

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Conclusion

Bitcoin is facing real issues after the spot ETF listing and could be looking at further downtrends in February.

That doesn’t mean you don’t have a chance to profit during this time.

With a growing community, positive feedback on its presale, innovative features, and a skilled team, Bitcoin Minetrix is showing a lot of growth potential.

Right now, it’s in the presale phase, so it’s an ideal time for those looking to invest early and possibly reap the benefits later. This could be a chance to get in on the ground floor of something big.

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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.