Bitcoin (BTC) is back in the spotlight as the market gets ready for a big move in August 2024. There’s talk that it could soon hit $72,000. Crypto holders are watching closely, thinking whether to hold or switch to other prospects.

In this read, we’ll look at what might push Bitcoin (BTC) forward. These insights could be useful for both current and future Bitcoin (BTC) enthusiasts.

Bitcoin (BTC) Poised for a Breakout: Analysts Eye $72K as Momentum Builds

Bitcoin (BTC) is creating a buzz as signs point to the $72,000 price mark being possible. The coin is worth between $60,147 and $61,386. It has gone up 4.69% in the last week. These dynamics give people hope. The Relative Strength Index (RSI) is at 52. It might suggest that the market is ready for a breakout. As one seasoned analyst says:

“We’re seeing clear signs that Bitcoin (BTC) is preparing for a major move”

Bitcoin (BTC) is showing strength with solid support at $55,436 and a 10-day moving average of $59,423. These strong levels, along with positive signs, suggest that Bitcoin (BTC) could be gearing up for another big move. As it gets closer to its previous high of $73,737.94, the mood in the market is becoming more positive.

Experts are hopeful that Bitcoin (BTC) could see an uptick and might break through resistance levels at $71,902 and $79,192. If it keeps its momentum, a new all-time high could be near. One industry insider shares that outlook: 

“This could be the beginning of something big for Bitcoin (BTC)”

Minotaurus ($MTAUR): An Affordable Addition to BTC-Stocked Portfolios

As Bitcoin (BTC) enthusiasts are closely watching their favorite asset, new prospects keep popping up in the crypto market. One noteworthy opportunity we’d like to cover today is Minotaurus ($MTAUR). During its ongoing presale, it’s offering its tokens at $0.0000557 each. Early buyers can snag tokens at 72% off and become part of the community before the public launch. On top of that, there are referral and vesting programs with extra bonuses for presale participants.

$MTAUR tokens have several uses in the game. Holders can use it to customize their characters, access special areas, and play mini-games. The team is serious about security. Its smart contracts have been audited by SolidProof and Coinsult to ensure safety. 

Minotaurus ($MTAUR) is entering the growing casual gaming market with its memorable gameplay and engaging experiences. Statista estimates this sector at $14.78 billion, and it keeps growing. In 2023, SensorTower reported 5.9 billion downloads of titles in similar genres across app stores. Innovative, promising, and secure, it could become a new big crypto player.

Conclusion

BTC is at a critical juncture, with all signs pointing toward a potential breakout. As it might be ready for a rally, new players like MTAUR could present a worthy alternative. With huge savings, solid utility, and upside potential, MTAUR might be a coin to lock in now.