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<p>The Bitcoin price surged 13% in the last week to trade for $52,141 as of 1:35 a.m. EST time.</p> 
<p>The pump helped MicroStrategy (MSTR), the largest corporate owner of BTC, to boost profits on its $10 billion Bitcoin stash to more than $4 billion.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">With bitcoin's price rise to just shy of $53,000, MicroStrategy (MSTR), the largest corporate owner of the crypto has seen its holdings move above $10 billion, amassing a profit of more than $4 billion. MicroStrategy at the end of January held 190,000 bitcoins purchased for a…</p> 
 <p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1758294720927924494?ref_src=twsrc%5Etfw">February 16, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>As of the end of January, the firm held 190,000 BTC tokens acquired for up to $5.93 billion, or $31,224 per coin. The firm started buying BTC in Q2 of 2020, with a steady addition to its portfolio quarter after quarter.</p> 
<p>The $4 billion profits clocked in as the Bitcoin price hit $52,800 on Thursday morning. Since then, however, the Bitcoin price has retraced to $52,141.</p> 
<h2 id="bitcoin-price-outlook">Bitcoin Price Outlook</h2> 
<p>The Bitcoin price is testing the upper boundary of the ascending parallel channel at $53,000. This is a crucial roadblock, which if breached could extend the upside potential for BTC.</p> 
<p>The Relative Strength Index (RSI) at 81 shows BTC is massively overbought. The price strength quantifier also suggests that while the risks of a pullback remain high, the upside potential remains high as the RSI is still northbound, showing momentum is still rising.</p> 
<p>The Moving Average Convergence Divergence (MACD) also reinforces Bitcoin price bullish outlook, as it is moving above its signal line (orange band). The histogram bars are also flashing green, showing the strong presence of the bulls in the BTC market.</p> 
<p>Increased buying pressure could see&nbsp;Bitcoin price&nbsp;overcome the immediate blockade at $53,000, with the potential to extend the gains 5% to the $55,000 milestone. In a highly bullish case, Bitcoin price could make it to $60,000, nearly 15% above current levels.</p> 
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-16_09-28-42.png"><img decoding="async" class="aligncenter wp-image-481170 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-16_09-28-42.png" alt="Bitcoin" width="1273" height="544" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-16_09-28-42.png 1273w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-16_09-28-42-300x128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-16_09-28-42-1024x438.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-16_09-28-42-768x328.png 768w" sizes="(max-width: 1273px) 100vw, 1273px"></a></p> 
<p><a href="https://www.tradingview.com/x/0oRaHQiq/" target="_blank" rel="noopener">TradingView: BTC/USDT 1-day chart</a></p> 
<p>On the flipside, if profit booking commences, the Bitcoin price could drop, first to lose the support due to the midline of the channel. This could see it fall into the supply zone that now acts as a bullish breaker between $44,300 and $46,760. A break and close below its midline at $45,554 would clear the clog for an extended drop.</p> 
<p>With the Bitcoin price confronting crucial resistance at $53,000, forward-looking investors might consider diversifying their portfolios with presales like <a href="https://insidebitcoins.com/visit/bitcoinminetrix" target="_blank" rel="noopener nofollow">BTCMTX,</a> which analysts rank among the <a href="https://www.linkedin.com/pulse/best-crypto-buy-now-2024-top-picks-explosive-growth-calsona-6bnie/" target="_blank" rel="noopener">best crypto to buy now for explosive growth</a>.</p> 
<p><iframe title="Best 5 CRYPTO TO BUY NOW?! (100X CRYPTO PICKS)" width="640" height="360" src="https://www.youtube.com/embed/d4g5JkHkeeg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p> 
<h2 id="promising-alternative-to-bitcoin">Promising Alternative To Bitcoin</h2> 
<p>BTCMTX is the native cryptocurrency for the&nbsp;<a href="https://insidebitcoins.com/visit/bitcoinminetrix" target="_blank" rel="noopener nofollow">Bitcoin Minetrix</a>&nbsp;ecosystem. This is a stake-to-mine project that makes BTC ownership achievable. To do this, BTCMTX token holders can stake their holdings for credits and then redeem these holdings for mining hash power.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Comparing <a href="https://twitter.com/hashtag/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw">#BitcoinMinetrix</a> vs. Traditional Cloud Mining: 🚀</p> 
 <p>💸 Cost: <a href="https://twitter.com/hashtag/BTCMTX?src=hash&amp;ref_src=twsrc%5Etfw">#BTCMTX</a> – Low cost, no minimum / Traditional – High cost, large minimum.</p> 
 <p>🔒 Security: <a href="https://twitter.com/hashtag/BTCMTX?src=hash&amp;ref_src=twsrc%5Etfw">#BTCMTX</a> – Decentralized, user-owned / Traditional – Cash deposits.</p> 
 <p>Choosing wisely for your <a href="https://twitter.com/hashtag/CloudMining?src=hash&amp;ref_src=twsrc%5Etfw">#CloudMining</a> journey! 🛠️💰 <a href="https://t.co/vE8vqd4KLM">pic.twitter.com/vE8vqd4KLM</a></p> 
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1758174475399418001?ref_src=twsrc%5Etfw">February 15, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>The project is in the presale stage, boasting upwards of $10.96 million in sales so far out of the $11.850 million target. Investors looking to buy BTCMTX can do so for only $0.0135, but hurry to buy now with that rate due to end in four days.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">The 26th stage of <a href="https://twitter.com/hashtag/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw">#BitcoinMinetrix</a> has begun! 🌟</p> 
 <p>What is the environmental impact of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> mining? 🌍💡 <a href="https://t.co/D1eErQCpRX">pic.twitter.com/D1eErQCpRX</a></p> 
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1758098931991421167?ref_src=twsrc%5Etfw">February 15, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>There are multiple benefits for users that mine BTC with Bitcoin Minetrix, including cost-effectiveness, ease of use and navigation, and the fact that you avoid stressors like noise and heat.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Delving into the possibilities of <a href="https://twitter.com/hashtag/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw">#BitcoinMinetrix</a> for mining <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>! 🔍⛏️</p> 
 <p>✅ Smooth start-up for newcomers.<br>💰 Budget-friendly without upfront equipment costs.<br>🌟 No concerns about location, noise, or temperature.<br>🔄 Simple upgrades with minimal hassle. <a href="https://t.co/5xJKkKKCYv">pic.twitter.com/5xJKkKKCYv</a></p> 
 <p>— Bitcoinminetrix (@bitcoinminetrix) <a href="https://twitter.com/bitcoinminetrix/status/1757812164507664809?ref_src=twsrc%5Etfw">February 14, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Visit the Bitcoin Minetrix website to buy BTCMTX&nbsp;<a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="nofollow">here</a>.</p> 
<h3 id="also-read">Also Read:</h3> 
<ul> 
 <li><a href="https://insidebitcoins.com/news/how-to-buy-bitcoin-minetrix-on-presale-alessandro-de-crypto-video-review">How To Buy Bitcoin Minetrix On Presale – Alessandro De Crypto Video Review</a></li> 
 <li><a href="https://insidebitcoins.com/news/bitcoin-minetrix-presale-has-just-hours-left-last-chance-to-buy-before-price-rise">Bitcoin Minetrix Presale Has Just Hours Left: Last Chance to Buy Before Price Rise</a></li> 
 <li><a href="https://insidebitcoins.com/news/bitcoin-etf-market-blossoms-while-gold-etfs-hemorrhage-assets-at-alarming-rate">Bitcoin ETF Market Blossoms While Gold ETFs Hemorrhage Assets At “Alarming Rate”</a></li> 
 <li><a href="https://insidebitcoins.com/news/bitcoin-price-prediction-btc-surges-more-than-4-as-the-blackrock-bitcoin-etf-accumulates-500m-btc-in-one-day-and-the-halving-looks-set-to-boost-this-new-ico">Bitcoin Price Prediction: BTC Surges More Than 4% As The BlackRock Bitcoin ETF Accumulates $500M BTC In One Day And The Halving Looks Set To Boost This New ICO</a></li> 
</ul> 
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Bitcoin Price Prediction: BTC Pumps 13% In 7 Days To Boost MicroStrategy Bitcoin Profits Above $4 Billion As This Bitcoin Derivative Closes ...

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