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The price of bitcoin bitcoin/”>cattle slightly in the last 24 hours to trade at $63,857.08 at 9:05 am EST as investors tentatively accumulate the crypto.
During btc's 12% correction in the last 7 days, Microstrategy bought another 9,245 bitcoins for $623 million in cash between March 11 and March 18, according to a March 19 report. statement.
Following this latest purchase, the company's total btc holdings stand at 214,246 btc, representing more than 1% of the total cryptocurrency supply of 21 million coins.
bitcoin price bounces off key support
4-hour chart for btc/USDT (Source: TradingView)
He bitcoin The price recovered from the support level of $61,481.65 in the last 12 hours. If the bulls continue to push the market leader's price higher, it may try to regain a position above $65,847.29 in the next 48 hours. A 4-hour candle close above this significant price could give btc the foundation needed to continue rising. In this more bullish scenario, the cryptocurrency may attempt to turn the $68,863.99 barrier into support before possibly rallying as high as $72,564.10 in the near term.
This bullish thesis could be invalidated if the price of bitcoin falls below $61,481.65 in the next 24-48 hours. Breaking this key level may expose btc to the risk of correcting to subsequent support at $57,758.63 in the coming days.
bitcoin Price Is Provoking Major Bullish Technical Signals
Traders and investors will want to keep an eye on the technical indicators on the btc 4-hour chart. The Moving Average Convergence Divergence (MACD) indicator is about to trigger a major bullish technical flag as the MACD line attempts to cross above the MACD signal line.
Meanwhile, the Relative Strength Index (RSI) recently triggered a bullish technical flag. Over the past 24 hours, the RSI line rose above its simple moving average (SMA) line on the 4-hour chart. This is generally seen as a sign that buyers have gained the upper hand over sellers, which could lead to the price of bitcoin rising in the next 48 hours. A possible confirmation of this positive move could be when the MACD line crosses above the MACD signal line to indicate that btc has entered a bullish phase.
As traders try to push the price of btc higher, investors rush towards the Green bitcoin presale.
Another opportunity to buy bitcoin during its first days
bitcoin has been a trending topic in recent weeks after it managed to set two new all-time highs in a short period of time.
Despite this stellar performance, the growth potential of the leading cryptocurrency is much lower than when btc was first launched. This has led many investors to try to identify the next digital asset that will achieve the same stratospheric growth as btc since its launch.
Green bitcoin, an eco-friendly alternative to the market leader, may be the next crypto gem.
Green bitcoin is a greener version of the leading cryptocurrency. To achieve this, the team launched the cryptocurrency on the ethereum Proof of Stake blockchain.
This specific consensus mechanism is known to be computationally cheaper than the legacy proof-of-work consensus that bitcoin is built on. In addition to having less impact on the environment, the token is also sold at a much lower price of just $1.1062.
Given btc's recent rally, it may only be a matter of time before retail investors move into cheaper bitcoin derivative projects, such as Green bitcoin, with greater potential to skyrocket in the near future.
Investors have already realized Green bitcoin's potential for explosive profits, as its ICO nears the $7 million mark with $6.86 million already on the market.
To celebrate $6 million, we launched our GBTC GIVEAWAY!
To participate, simply: Like + RT + Tag a friend!
First prize is a $200 GBTC Airdrop. THERE WILL BE MANY MORE! The winner will be announced in the responses within 24 hours. pic.twitter.com/k0sxIFOMnQ
—GreenBitcoin (@GreenBTCtoken) March 18, 2024
Additional Rewards for Token Holders
Being an ethereum-based project means that Green bitcoin holders can also earn passive income through staking. Anyone who buys and stakes the Green bitcoin token, GBTC, during its pre-sale will gain access to up to 89% in annual rewards.
Nothing can stop the GREEN REVOLUTION!
Join the Green bitcoin Pre-Sale TODAY pic.twitter.com/YgwUk11Ay8
—GreenBitcoin (@GreenBTCtoken) March 11, 2024
But Green bitcoin's staking model is different from other similar types of programs as it introduces a gambling element into the mix.
Not only can investors earn based on the number of tokens they have locked, but they can also earn additional bonuses by participating in the project's btc price prediction challenges.
To earn these additional prizes, token holders must accurately predict the price of the leading crypto within a specific “green zone.”
Learn more about GBTC and buy it here.
Related Posts:
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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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