Bitcoin Price Prediction: Bernstein Says BTC May Hit $90,000 by Year-End as This Green Alternative Pre-Sale Moves Toward $8 Million

The price of bitcoin bitcoin/”>submerged slightly in the last 24 hours to trade at $66,399.80 at 3:00 am EST, as investors trimmed their holdings heading into the weekend.

Despite this small drop in btc value, Bernstein analysts maintain a bullish outlook towards the crypto for 2024. In a recent report, Bernstein raised his year-end target for btc to $90,000 from $80,000 previously.

bitcoin Price Breaks Major Resistance

4-hour chart for btc/USDT (Source: TradingView)

He bitcoin The price printed a second higher low on its 4-hour chart in the last 12 hours. This not only led to the leading cryptocurrency rising above the $65,847.29 resistance level but also resulted in the formation of a positive trendline.

If btc closes the next two 4-hour candles above this threshold, it could have a solid technical platform to break away from. This may lead to the cryptocurrency king attempting to challenge the $68,863.99 barrier before potentially rising to $72,564.10 in the near term.

However, a break below the recently surpassed $65,847.29 mark in the next 12 hours may invalidate this bullish thesis. It will also place the price of bitcoin below the aforementioned positive trend line.

TOAs a result, the cryptocurrency could be at risk of correcting to the next key support level at $61,481.65 in the next 48 hours. Continued selling pressure at this point could even drag the value of btc to as low as $57,758.63.

bitcoin Price May Continue to Rising as Technicals Mark Bullish Trend

The technical indicators on the btc 4-hour chart suggest that the price of bitcoin may continue to rise in the next 24 hours. Both the Relative Strength Index (RSI) and the Moving Average Convergence and Divergence Indicator (MACD) are bullish.

The MACD line is separating above the MACD signal line on the 4-hour chart. This not only indicates that the bitcoin The price is in a positive trend, but it also indicates that the bullish momentum is strengthening. btc's 4-hour RSI is also showing bullish sentiment as the RSI is breaking above its simple moving average (SMA) line. Traders generally view this technical fact as a sign that buyers are stronger than sellers. As such, it could be easier for bulls to push the price of bitcoin up over the next 24 hours than it is for bears to drag it down over the same period.

As buyers try to push up the price of bitcoin, some investors are turning their attention to Green bitcoin as an alternative way to play btc, and with a potential 100x profit.

Could this Altcoin be the next bitcoin?

Green bitcoin is an ethereum-based token that aims to be a greener version of the leading cryptocurrency. At the center of its mission is ethereum's Proof-of-Stake consensus mechanism, which has been shown to be less environmentally impactful than bitcoin's Proof-of-Work consensus.

In addition to being more environmentally friendly, Green bitcoin also gives investors access to a staking program, currently offering 84% annual rewards.

There is also a chance to earn additional bonuses by staking Green bitcoin's native token, GBTC. To have a chance to receive these bonuses, token holders will need to try to guess the future price of btc. Bonuses will then be paid to any predictions that fall within a “green area” of the actual price.

GBTC could offer investors who were unable to purchase btc for less than $1 a second chance to take advantage of a promising speculative opportunity early.

And even if GBTC does not witness as extreme a price surge as bitcoin in its infancy, it still has greater profit potential than btc given its much lower price and the staking rewards it offers to investors.

Investors rush to grab GBTC

Investors are purchasing GBTC at a rapid pace during its pre-sale phase. This is evident in the substantial amount of capital the ICO has raised to date, with the project exceeding $7.5 million in funding.

Nothing can stop the GREEN REVOLUTION!

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

—GreenBitcoin (@GreenBTCtoken) March 11, 2024

It is not too late for investors to buy this crypto, which is currently selling for $1.1062. Purchasing the token is also a simple process. Investors will just have to navigate to the project's official website, connect their wallet to the ICO platform and then specify how many GBTC they want to buy.

crypto can be purchased using eth, USDT or bank card. For investors who do not want to pay high network fees on the ethereum blockchain, BNB can also be used as a payment method.

GBTC can be purchased here.

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Green bitcoin: gamified green bet

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• Contract audited by Coinsult
• Early Access Presale Live Now – greenbitcoin.xyz
• Predict to Win – Featured on Cointelegraph
• Staking Rewards and Token Bonuses
• Over $7 million raised – Ends soon

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