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bitcoin price fell 2.43% in the last 24 hours to trade at bitcoin/”>$64,595 starting at 4:00 am EST.
This comes as fund management giant BlackRock says its clients are “overwhelmingly” focused on btc.
“For our clients, bitcoin is overwhelmingly the number one priority,” said head of digital assets Robert Mitchnick. “And then a little bit of ethereum and very little of everything else.”
NEW: @BlackRockRobert Mitchnick's Head of Digital Assets Addresses How the Asset Manager Thinks About Others crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto products:
“For our customers, bitcoin is overwhelmingly the number one priority. And then a little bit of ethereum and very little of everything else.”
He says…
—Eleanor Terrett (@EleanorTerrett) March 22, 2024
bitcoin Price Prediction: Technical Analysis
On the 4-hour time frame, the technical charts indicate complex sentiment. bitcoin price oscillates within the Ichimoku cloud, which typically suggests a trendless state.
However, the average directional index (ADX) maintains a value above 25, which means a strong trend presence. Coupled with the Money Flow Index (MFI) standing at 29.44, it hints at imminent buying pressure that is not yet reflected in the bitcoin price.
btc/USD 4-hour chart | Fountain: TradingView
Onchain data presents mixed signals, with mostly bearish sentiment as market hesitation is observed. Net network growth has decreased by 0.21% and large transactions have seen an increase of 0.65%, often a precursor to price volatility.
In contrast, futures market momentum within derivatives signals remains bullish, suggesting underlying confidence among traders in bitcoin's future performance.
The exchange rate dynamics paint a balance with total inflows and outflows of $16.47 billion and $16.59 billion, respectively, during the last week, indicating a balanced relationship between supply and demand.
Despite today's price pullback, the composition of the holder by holding time shows a solid foundation with 69% held for more than a year, which is a cushion against drastic price movements.
As the price of bitcoin falls, many investors are migrating to Green bitcoin, a bitcoin alternative with 100x potential.
bitcoin Price Prediction – A Good Alternative to btc?
Green bitcoin It employs ethereum's Proof-of-Stake consensus mechanism, which is greener than bitcoin's Proof-of-Work consensus.
It also offers investors access to an attractive betting plan that currently offers an annual return of 80%.
Nothing can stop the GREEN REVOLUTION!
Join the Green bitcoin Pre-Sale TODAY pic.twitter.com/YgwUk11Ay8
—GreenBitcoin (@GreenBTCtoken) March 11, 2024
The native token, GBTC, has the potentialIt is ideal for generating more profits for holders, who can also win prizes by predicting the future price of bitcoin.
Investors are buying GBTC at a rapid pace as it nears $8 million in funds raised.
That means it's your last chance to buy before the pre-sale ends. The tokens are priced at $1.1062 each. To purchase them, visit the official project website, link a wallet to the ICO platform and use eth, USDT or a bank card to purchase.
Get your GBTC here.
Related news
Green bitcoin: gamified green bet
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- 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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