Bitcoin Soars as Transaction Fees Tumble, Driving Investors to $BTCMTX Presale

The Bitcoin price surged 2%, reaching $65,994. Transaction fees plummeted after reaching a record high of $128. The introduction of the Runes protocol onto the Bitcoin network initially increased transaction fees, but they have since normalized. Bitcoin's price has been consolidating, forming an ascending triangle pattern. The bulls aim to push the price above the upper boundary of the triangle at $72,000. The RSI is trending upward, indicating strong buying pressure. However, a death cross has formed, signaling a potential bearish trend.

Bitcoin Rallies Amid Falling Transaction Fees, While Investors Flock to $BTCMTX Presale

Bitcoin Price Surge

Bitcoin, the world's leading cryptocurrency, has witnessed a 2% surge in the last 24 hours, reaching $65,994 as of 03:10 a.m. EST. This increase was accompanied by a 12% rise in trading volume to $24.8 billion.

Normalized Transaction Fees

Notable in this rally is the significant reduction in Bitcoin transaction fees. On April 20, fees reached an all-time high of $128. However, as of yesterday, medium-priority transactions have returned to an average fee of $10.

Runes Protocol Influence

The introduction of the Runes protocol onto the Bitcoin network on halving day initially sparked a sharp jump in transaction fees. This protocol has revolutionized token creation dynamics, facilitating the proliferation of meme coins. As a result, network activity surged, consequently driving up fees. However, these have now stabilized.

Ascending Triangle Pattern

Bitcoin's price has consolidated between $72,000 and $64,000. For the past two weeks, BTC has followed a downward trend, finding support at $60,000.

Bullish momentum has pushed the price higher, retesting the $65,786 barrier. This has formed an ascending triangle pattern, indicating the bulls' intention to drive the price above the triangle's upper boundary.

Bullish Indicators

BTC is trading above its 50-day Simple Moving Average (SMA), suggesting bullish potential. If this momentum continues, Bitcoin could surpass the 200-day SMA at $67,120, opening the door for even greater price appreciation.

The Relative Strength Index (RSI) is trending upwards towards the overbought region at 70, currently standing at 61. This indicates strong buying pressure, supporting the likelihood of further price increases.

Bitcoin Price Prediction

Bitcoin's current trajectory suggests an upward movement within the ascending triangle pattern, targeting $72,000. The RSI's rise into the overbought territory reflects continued investor optimism, which is expected to drive the price higher.

However, a death cross, formed by the 50-day SMA crossing below the 200-day SMA at $67,550, may suggest a potential bearish trend.

$BTCMTX Presale Success

Amidst Bitcoin's surge, investors are flocking to the $BTCMTX presale, which ends in less than a week. The project has raised over $13.23 million.

Bitcoin Minetrix: Cloud Mining Simplified

Bitcoin Minetrix (BTCMTX) leverages Ethereum smart contracts to offer investors enhanced yields through cloud mining. It provides an accessible and cost-effective onramp into this complex activity, eliminating the need for expensive hardware and technical expertise.

Presale Details

The BTCMTX presale has been extended to April 28 at 12:00 UTC, with claiming commencing on April 30th at 10:00 UTC.

Staking and Hash Power

The platform offers a 53% annual return on staking $BTCMTX. Staking generates tradable ERC-20 token credits that are then burned in exchange for cloud mining credits, representing hash power.

Analyst Predictions

According to Cryptonews, a reputable crypto channel on YouTube, $BTCMTX has the potential to soar 20X upon launch.

Limited Time to Invest

Investors have less than three days remaining to acquire $BTCMTX tokens at $0.0148 each. Those interested are advised to capitalize on this opportunity before the price increase.

To participate in the presale, visit the BTCMTX official website and exchange ETH or USDT for BTCMTX. Direct purchases using a bank card are also available.