Bitcoin Price Prediction: As BlackRock Fights MicroStrategy to Hold Most of BTC, Is This ICO the Best Cryptocurrency to Buy Now As Bitcoin's Halving Date Approaches?

bitcoin price rose 1.5% in the last 24 hours bitcoin/”>trading at $73,517 At 03:47 am EST, trading volume increased 18% to $64 billion.

This comes amid a competition to accumulate the most bitcoin (btc) between fund manager BlackRock and Michael Saylor's MicroStrategy. MicroStrategy recently added 12,000 btc to its reserves, bringing its total holdings to 205,000, now valued at over $14.8 billion.

BlackRock is not far behind, with a stash of 197,943.2 btc worth more than $14.37 billion.

BLACKROCK IS NOT SLOWING DOWN

FOLLOW THE MONEYbitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin pic.twitter.com/kZGdyNe1xg

—Thomas | heyapollo.com (@thomas_fahrer) March 13, 2024

BlackRock is also looking to expand its commitment to cryptocurrencies by seeking to include btc exposure in the spot market in a proposed internal investment fund, as detailed in a recent amendment to a prospectus filed with the US Securities and Exchange Commission. (SEC).

bitcoin Price Bulls Aim to Continue Bullish Stance

The price of bitcoin has been gradually increasing since 2023 and continues to rise further this year. The price touched a resistance of $49,142 in January 2024, where the price slightly retraced to the $38,600 support zone. This pullback formed the handle pattern.

btc bulls have used this level to catapult the price even higher, hitting a new all-time high (ATH) of $73,603, as they look to maintain the positive momentum.

bitcoin is trading above the 50-day and 200-day simple moving averages (SMA), affirming bullish momentum. Furthermore, the Relative Strength Index (RSI) is trending upward within the overbought region at 79, indicating intense buying pressure.

The moving average convergence divergence (MACD) is also bullish, with the moving average line (blue) crossing the signal line (orange), representing a bullish crossover. Investors often use a bullish crossover as a signal to increase their buying positions, which could drive the price even higher.

The green bars on the histogram also extend beyond the zero line, showing that the current trend is advancing with positive momentum. Furthermore, the Average Directional Index (ADX) supports this as it is trading up at the 57 level, indicating that the uptrend is very strong.

bitcoin price prediction

Long-term bitcoin price analysis shows that the price has sustained bullish momentum. The bulls are looking to capitalize on the cup and handle pattern, which may cause the price to shoot up to the $85,000 level.

However, the RSI has already crossed the overbought region, indicating an imminent price correction. In this scenario, the bears may start a wave of selling, which may push the price to the support zone at $53,000, coinciding with the 50-day SMA.

Meanwhile, as the price of btc soars, many experts say the new Green bitcoin ICO could be the best cryptocurrency to buy now as the bitcoin halving date approaches.

Green bitcoin reaches $3.9 million: the best green cryptocurrency to buy

He Green bitcoin (GBTC) has amassed over $3.9 million in funding as it moves toward its $4.171 million goal.

The project combines the reputation of bitcoin and the environmental sustainability of the ethereum blockchain to capture the attention of the crypto community.

Introducing Green bitcoin – a revolutionary prediction-to-earn token.

Join us on our gamified green betting platform, where your predictions can turn into profits!

Website: https://t.co/dG5cEeCtRs
Telegram: https://t.co/bWanoe0vHv pic.twitter.com/eXuGQBkxio

—GreenBitcoin (@GreenBTCtoken) December 3, 2023

GBTC is a greener alternative to bitcoin and uses the Gamified Green Staking model to reward users after they predict the future price of bitcoin.

Using its Predict-to-Earn feature, the project rewards its users for guessing whether the price of bitcoin will rise or fall the next day.

Stake $GBTC and win passively

There is an opportunity to earn passively with the project participation option, where you can stake $GBTC tokens and earn an impressive 126% Annual Percentage Yield (APY). Almost 4.6 million tokens have already been staked.

According to the crypto Gains YouTube channel, Green bitcoin has the potential to generate huge returns on investment upon launch.

To participate in the pre-sale, simply buy $GBTC at a reduced price of $0.8782 before it increases in less than five days.

Nothing can stop the GREEN REVOLUTION!

Join the Green bitcoin Pre-Sale TODAY pic.twitter.com/YgwUk11Ay8

—GreenBitcoin (@GreenBTCtoken) March 11, 2024

You can buy $GBTC from the official website of bitcoin Verde and exchange eth or USDT for $GBTC tokens. You can also buy directly with your bank card.

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Green bitcoin: gamified green bet

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