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bitcoin price rose 3.49% in the last 24 hours bitcoin/”>listed at $68,266 at 11:57 pm EST on trading volume that fell 8% to $44 billion.
This comes as crypto analyst Rekt Capital said bitcoin could be just days away from entering the pre-halving “danger zone.” In a post from
btc?src=hash&ref_src=twsrc%5Etfw”>#btc
In 2 days, bitcoin will officially enter the “Danger Zone” (orange) where the historic pre-halving pullbacks began.
Historically, bitcoin has done pre-halving pullbacks between 14 and 28 days before the halving.
In 2020, this decline was -20%
In 2016, this decline was -40%… pic.twitter.com/rnKjznsGHk
-Rekt Capital (@rektcapital) March 17, 2024
The analysis comes primarily from pre-halving events, where btc drops 14 to 28 days before the halving event. btc fell 40% during the 2016 halving and 20% at the 2020 event. Could this year's halving event be different?
bitcoin Price Prepares for a Bounce Above Ascending Triangle
The price of bitcoin has been gaining massively since February, and the bullish stance was able to push the price up in March to record a new all-time high of $73,737, which acted as an immediate resistance level.
After reaching the rejection, btc price returned to the $64,510 support zone, which the bulls seem to be using to recover the price.
btc is trading above the 200-day simple moving averages (SMA), confirming the bullish trend. If the bulls maintain the bullish momentum, btc will be able to overcome the 50-day SMA hurdle at the $70,018 level, which will push the price up further.
Furthermore, the RSI is below the mid-level of 50 at 48, indicating that the price is slightly oversold.
The moving average convergence divergence (MACD) is also bullish as the moving average line (blue) crosses above the signal line (orange), representing a bullish crossover. Investors primarily use a bullish crossover to increase their buying, which could drive the price even higher.
Furthermore, the average directional index (ADX) is currently at 38, which may indicate that the current trend is very strong as the price aims to recover.
bitcoin price prediction
bitcoin price analysis shows signs of a bullish reversal to the upside, supported by the movements of the ADX and MACD lines. The bulls aim to maintain the bullish rally, pushing the price above the ascending triangle while targeting $81,110.
The RSI, having crossed below the mid-50 level to the oversold level, may show signs of a bullish trend change.
However, the MACD lines are trading below the neutral line, which may suggest that the price may be heading towards a fresh pullback, which could cause the bulls to use the $60,627 support zone as protection against further pressure. lowers it.
As bitcoin bulls aim to recapture btc's ATH, many investors are jumping into green bitcoin, an eco-friendly alternative to bitcoin that could skyrocket in the upcoming bitcoin halving event.
Green bitcoin Pre-Sale Heats Up and Rushes Toward $6 Million in Early Funding
Green bitcoin (GBTC) is an eco-friendly alternative to bitcoin, using the Gamified Green Staking model, where users have the opportunity to predict the price of bitcoin and earn rewards. The project combines the legacy of bitcoin with the more environmentally friendly ethereum blockchain.
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
This unique approach has generated a strong following, with over $5.8 million raised in seed funding.
With a record day yesterday and listings just around the corner, NOW is the time for green bitcoin! pic.twitter.com/V4rG231djX
—GreenBitcoin (@GreenBTCtoken) March 16, 2024
Buy and Stake $GBTC for Passive Income, 97%
Green btc provides holders with the opportunity to earn passively through the platform bet option. Investors can earn a 97% annual percentage return simply by holding their tokens. So far, more than 5.9 million $GBTC tokens have already been staked.
Matthew Perry, a crypto YouTuber with over 225,000 followers, believes that green bitcoin will continue to attract attention. He says $GTBC has the potential to explode at launch.
To participate in the pre-sale, you can invest now for $1.0302 per $GBTC token. But there will be a price increase in about four days, so act now to get the best price.
You can buy $GBTC tokens at the official website of bitcoin Verdewhere you can exchange eth or USDT for $GBTC, or buy them directly with your bank card.
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Green bitcoin: gamified green bet
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- $1+ Million Raised
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