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<p>The Bitcoin price dropped by slightly more than 1% in the past 24 hours to trade at $51,672 as of 4:30 a.m. EST on trading volume that surged 12% to almost $22 billion.</p>
<p>But market sentiment surrounding BTC still seems quite bullish. Following the approval of Bitcoin spot ETFs last month, BlackRock launched another advertisement yesterday to boost sales.</p>
<p>And Robert Kiyosaki, the famous author of “Rich Dad, Poor Dad,” shared his thoughts on the coin, predicting that BTC is only a few months away from hitting $100,000 per coin.</p>
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 <p lang="en" dir="ltr">BITCOIN to $100k by June 2024.</p>
 <p>— Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1759336403715101181?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 18, 2024</a></p>
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<h2 id="bitcoin-price-prognosis">Bitcoin Price Prognosis</h2>
<p>For about a week now, Bitcoin’s price fluctuated between a support at $51k and a resistance at $52.5k. The coin saw a few instances when it ventured beyond these levels, but for the most part, its price has been trading sideways for almost a full week — ever since February 15.</p>
<p>Moving forward, however, the coin could break out and breach one of the two levels that seem to be binding it. Mainly because Bitcoin never sits still for too long, but also because this is expected to be a big year for the coin.</p>
<p>Not only were Bitcoin ETFs approved, but the halving is about to arrive. Historically, the coin’s price typically inflates before the halving, only to correct after it takes place.</p>
<p>Several months after that, BTC usually sees a massive bull run that eventually drags the rest of the crypto industry with it. In other words, there is more than enough reason to expect the coin to skyrocket in the next 12 months.</p>
<p>In the short term, however, BTC is still not showing signs of breaking out one way or another. The coin’s Bollinger bands have managed to keep are latively stable width for a few days now, and while the price is moving around the upper band, this is nothing that was not seen before in the last few days, without too big of an effect.</p>
<p><img decoding="async" class="aligncenter size-full wp-image-482118" src="https://insidebitcoins.com/wp-content/uploads/2024/02/Bitcoin-Price-Prediction-Feb-20.jpg" alt="Bitcoin Price Prediction Feb 20" width="1756" height="831" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/Bitcoin-Price-Prediction-Feb-20.jpg 1756w, https://insidebitcoins.com/wp-content/uploads/2024/02/Bitcoin-Price-Prediction-Feb-20-300x142.jpg 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/Bitcoin-Price-Prediction-Feb-20-1024x485.jpg 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/Bitcoin-Price-Prediction-Feb-20-768x363.jpg 768w, https://insidebitcoins.com/wp-content/uploads/2024/02/Bitcoin-Price-Prediction-Feb-20-130x63.jpg 130w, https://insidebitcoins.com/wp-content/uploads/2024/02/Bitcoin-Price-Prediction-Feb-20-104x50.jpg 104w, https://insidebitcoins.com/wp-content/uploads/2024/02/Bitcoin-Price-Prediction-Feb-20-83x40.jpg 83w, https://insidebitcoins.com/wp-content/uploads/2024/02/Bitcoin-Price-Prediction-Feb-20-1536x727.jpg 1536w" sizes="(max-width: 1756px) 100vw, 1756px"></p>
<p>The coin’s Relative Strength Index (RSI) level also finds itself in the neutral area for the most part, with its current value being at 53.40. It is worth noting that the RSI score climbed from the threshold of the oversold zone, signaling that the traders are buying again, which could push both the RSI level and the coin’s price further up.</p>
<p>If this happens, BTC will likely once again encounter a support at $52.5k, but so far, it lacked the strength to breach it. It is worth noting, however, that BTC is currently the highest it has been in nearly 3 full years, as the last time it reached $52k was in mid-March 2021.</p>
<p>So, if the bulls manage to push the coin past the resistance at $52.5k, it is entirely possible for BTC to try to head further up for the $55k mark, although this would likely require a strong bullish push.</p>
<h2 id="promising-alternative-to-bitcoin">Promising Alternative to Bitcoin</h2>
<p>Despite Bitcoin’s recent price increase and positive predictions for the coin’s future, many believe that there are much better investment options than BTC itself. One such alternative might be cloud mining platform <a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow">Bitcoin Minetrix (BTCMTX)</a>.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Contrasting <a href="https://twitter.com/hashtag/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinMinetrix</a> vs. Conventional Cloud Mining:</p>
 <p>⚖️ Risk: <a href="https://twitter.com/hashtag/BTCMTX?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCMTX</a> – User-controlled, easy withdraw / Conventional – No refunds, long-term contracts.</p>
 <p>🤝 Simplicity: <a href="https://twitter.com/hashtag/BTCMTX?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCMTX</a> – Buy with <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>, <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BNB</a>, <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USDT</a> / Conventional – Complicated contracts. <a href="https://t.co/xcKWnINseh" rel="noopener noreferrer nofollow">pic.twitter.com/xcKWnINseh</a></p>
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1758536909586833719?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 16, 2024</a></p>
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<p>Bitcoin Minetrix allows users to buy its native token, BTCMTX, and then stake it on its platform. In return, stakers receive credits that allow them to mine Bitcoin. This might be particularly beneficial right now, given that Bitcoin mining rewards are about to see another halving in only two months.</p>
<p>Bitcoin Minetrix also made sure to develop its platform to be decentralized and fully transparent, in order to reassure the community that might be skeptical following all the cloud mining scams that took place in the past. As for its token, BTCMTX, it currently sells for $0.0136, and so far, the presale has managed to raise $11.2 million.</p>
<p>YouTube crypto analyst Jacob Bury says BTCMTX has the potential to 100x on launch.</p>
<p><iframe title="Could Bitcoin Minetrix Be The Next 100X Cryptocurrency?!" width="640" height="360" src="https://www.youtube.com/embed/ARD7LHpC_sM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p>If you decide to join the presale yourself, know that you can buy BTCMTX in exchange for ETH or USDT. Alternatively, you can also purchase it directly with your debit or credit card.</p>
<p>Visit BTCMTX presale <a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow">here</a>.</p>
<h3 id="related-articles">Related Articles:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/high-potential-cloud-mining-crypto-hits-10-million-presale-milestone" rel="noopener noreferrer nofollow">High-Potential Cloud Mining Crypto Hits $10 Million Presale Milestone</a></li>
 <li><a href="https://www.linkedin.com/pulse/best-meme-coins-invest-top-picks-exponential-gains-calsona-iorle/" rel="noopener noreferrer nofollow">Best Meme Coins to Invest in: Top Picks for Exponential Gains!</a></li>
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Bitcoin Price Prediction: “Rich Dad, Poor Dad“ Author Robert Kiyosaki Sees BTC Hitting $100K By June As Experts Say Consider This Bitcoin De...

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Inside Bitcoins

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