Bitcoin price prediction turned bullish as BTC crossed the $20,000 psychological trading level. On the upside, Bitcoin’s immediate resistance stays at the $22,900 level. Investors are moving money out of US dollars and into Bitcoin as a hedge against inflation, which explains much of the recent uptrend in BTC.
The Consumer Price Index (CPI) shows that inflation has been going down, and from November to December 2022, it was negative.
— Bitcoin Archive (@BTC_Archive) January 13, 2023
Therefore, current market sentiment suggests the Federal Reserve will halt its interest-rate increases. Interest rates have dropped and stock prices have risen as a result of this information.
Blockchain service providers and Bitcoin miners are welcome to join Binance Pool’s Cloud Mining Partner Program, causing a dramatic surge in bitcoin prices.
In addition, the forthcoming “Shanghai Hard Fork” for Ethereum has been met with optimism because it will release locked tokens that have been unavailable for months. Bitcoin miners and service providers of technological infrastructure alike are welcome to join Binance Pool’s Cloud Mining Partner Program.
CNB: #Binance Mining Pool invites #Bitcoin miners to join its cloud #Mining project, which requires reliable & stable power resources, #BTC hashrate 500 PH/s+, average daily online rate of more than 95%, holds a predetermined amount of BTC as collateral
— Crypto News Bangladesh (@Crypto_News_BD) January 13, 2023
On January 13, Binance published a blog post announcing the new initiative. It claims to provide miners and providers of digital infrastructure with special program incentives while also providing Binance Pool customers with more product options and perks. It seems like the decision is good for everyone involved.
Bitcoin Price Prediction
The current Bitcoin price is $20,700, and the 24-hour trading volume is $44 billion. Bitcoin has increased by nearly 9% in the last 24 hours. CoinMarketCap currently ranks first, with a live market cap of $398 billion. It has a total supply of 21,000,000 BTC coins and a circulating supply of 19,261,756 BTC coins.
Bitcoin Price Chart – Source: Tradingview
Bitcoin is on a run and has already broken through the $20,500 barrier, which is now functioning as an immediate support. A positive breakout of this level has created further room for the upswing to continue to $21,000, or even higher, to the trading milestone of $23,000. Bitcoin’s immediate support level is $20,500, or $20,000.
The RSI and MACD indicators have both entered the overbought area at the same time. As a result, we must keep a watch on $21,500, as failure to break through this level may result in a downward movement of the BTC price.
Altcoins With Major Growth Potential Right Now
The cryptocurrency market is booming and altcoins are emerging as the new players in the game. With their unique features and potential, these altcoins present an exciting opportunity for investors to make a profit.
Meta Masters Guild (MEMAG)
Today marks the start of the presale for Meta Masters Guild, a mobile-focused gaming guild that will build a mix of Web3 and play-to-earn games. Its Ethereum-based games will have playable NFTs as well as incentives that can be swapped for MEMAG, the company’s native token, which can then be staked and sold. It will be sold in seven stages, with the first offering one MEMAG for $0.007.
This price will eventually rise to $0.023, indicating a 228.5% increase for the first investors even before MEMAG becomes public. Meta Masters Guild is projected to grow fast when the platform’s first game (Meta Kart Racers) is released in the second quarter of this year.
Furthermore, if the broader market and world economy improve, its native coin might be a major beneficiary.
Fight Out (FGHT)
FightOut is a blockchain-powered move-to-earn (M2E) program and gym chain that rewards and motivates users to be healthy and active. Fight Out also fosters a sense of camaraderie in both local and online fitness networks. Members of the community can use the app to participate in challenges and receive individualized training regimens with progress tracking.
Fight Out will provide an exciting and rewarding way for individuals to be active and healthy, while also driving the use of Web3 technology and building a better society. Their FGHT coin presale has nearly raised $2.9 million.
FGHT is a good investment right now before prices rise in its second presale stage, thanks to the participation of LBank Labs, Cryptonews.com, Transak, and BlockMedia Labs, who provide both financial and operational support. There is also the option of obtaining a 50% bonus right away.
Dash 2 Trade (D2T)
Dash 2 Trade‘s innovative skills have the potential to transform the cryptocurrency trading industry. Due to the variety of tools available, traders will have complete visibility and control over their assets, as well as access to a lively community where they can obtain information for thoroughly researching projects before investing.
The Dash 2 Trade tool is designed to assist both new and experienced traders in developing trading strategies and utilizing automated trading via exchange APIs. Furthermore, its token presale ranking system will provide clients with the confidence to invest in new tokens before they become generally used.
The D2T presale, which has grown in popularity, has concluded, and new investors are only now being admitted. The popular D2T presale has ended, and traders can now trade it on Gate.io.
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Fight Out - Next Big Train-to-Earn Crypto
- Backed by LBank Labs, Transak
- Earn Rewards for Working Out
- Level Up and Compete in the Metaverse
- Presale Live Now - $5M Raised
- Real-World Community, Gym Chain