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bitcoin price rose 10% in the last 24 hours bitcoin/”>listed at $62,125 As of 12:14 a.m. EST, trading volume increased 133% to $92 billion.
Increased Activity Helped Trigger a Drop in Major crypto Exchange Coinbasewhere some users found zero balance in their exchange accounts, prompting an investigation by the platform.
We are aware that some users may see a zero balance in their Coinbase accounts and may experience errors when buying or selling. Our team is investigating this and will provide an update shortly. Your assets are safe.
You can follow this incident at https://t.co/a3pl4WiDhZ— Coinbase Support (@CoinbaseSupport) February 28, 2024
Brian Armstrong, CEO of Coinbase, said the issues were due to an unexpected increase in traffic and apologized to affected customers for any inconvenience caused.
We are dealing with a HUGE increase in traffic. Apologies for any problems you encounter. The team is working to remedy.
– Brian Armstrong (@brian_armstrong) February 28, 2024
The surge in market activity comes as bitcoin surpassed $64,000 for the first time since November 2021, before retreating. Trading volume was also boosted by increasing purchases of spot btc exchange-traded funds (ETFs).
Bullish bitcoin Price, About to Break Bull Flag
Since mid-February, bitcoin has been consolidating, with its value oscillating within the $50,000 range. This week, however, has seen substantial gains, demonstrating the bullish force that has propelled the price into an increasing phase.
Despite this bullish trend, the rise in bitcoin prices encountered resistance at the $64,000 mark, leading to a pullback to its current level.
However, bitcoin maintains its bullish momentum, aiming to break above the upper boundary of the bull flag pattern. Currently, bitcoin is trading above the 50-day simple moving averages (SMA), further confirming its current bullish trend.
The Relative Strength Index (RSI) is also bullish, trading at 63. If the momentum holds, btc will likely push the RSI into the overbought region, indicating an imminent bull run.
<img decoding="async" class="alignnone size-full wp-image-484673" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="bitcoin price” width=”1266″ height=”255″ data-lazy-srcset=”https://technicalterrence.com/wp-content/uploads/2024/03/1709421764_594_Bitcoin-Price-Prediction-As-BTC-Parabolic-Rally-Triggers-Coinbase-Crash.png 1266w, https://insidebitcoins.com/wp-content/uploads/2024/02/Screenshot_19-300×60.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/Screenshot_19-1024×206.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/Screenshot_19-768×155.png 768w” data-lazy-sizes=”(max-width: 1266px) 100vw, 1266px” data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2024/03/1709421764_594_Bitcoin-Price-Prediction-As-BTC-Parabolic-Rally-Triggers-Coinbase-Crash.png”/><img decoding="async" class="alignnone size-full wp-image-484673" src="https://technicalterrence.com/wp-content/uploads/2024/03/1709421764_594_Bitcoin-Price-Prediction-As-BTC-Parabolic-Rally-Triggers-Coinbase-Crash.png" alt="bitcoin price” width=”1266″ height=”255″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/03/1709421764_594_Bitcoin-Price-Prediction-As-BTC-Parabolic-Rally-Triggers-Coinbase-Crash.png 1266w, https://insidebitcoins.com/wp-content/uploads/2024/02/Screenshot_19-300×60.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/Screenshot_19-1024×206.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/Screenshot_19-768×155.png 768w” sizes=”(max-width: 1266px) 100vw, 1266px”/>
The slight pullback is evident with the moving average line crossing slightly below the signal line (orange) on the moving average convergence and divergence (MACD), but with signs of a reversal. The green bars on the histogram further support a trend change as they decrease towards the zero line.
Furthermore, the Average Directional Index (ADX) is currently trading at level 45, indicating that the current uptrend is very strong.
bitcoin price prediction
bitcoin price analysis shows that bitcoin is poised to follow an uptrend above the bull flag. Furthermore, the 50-day SMA is trading above the 200-day SMA, with a moving average crossover of $51,552. The bulls aim to capitalize on these factors, raising the price to $70,000, surpassing the all-time high (ATH) of $68,000.
However, if the bears take over the price at this level, it would push the price into a pullback towards the $58,645 support zone, coinciding with the 50-day SMA.
As bitcoin price soars towards its ATH, investors see green bitcoin as a compelling green alternative to btc.
Green bitcoin exceeds $1.2 million in funding: the best green cryptocurrency to buy
Green bitcoin (GBTC) is making waves across the crypto space, having raised over $1.2 million in its pre-sale as it moves towards its $1.247 billion goal.
GBTC is the gamified version of bitcoin, taking a unique approach to staking called “Gamified Green Staking.” This approach allows participants to participate in bitcoin price prediction games, making the investment experience interactive and entertaining.
GBTC, built on the ethereum blockchain, follows a more sustainable proof-of-stake consensus mechanism, which is more environmentally friendly than bitcoin's proof-of-work.
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
Through gamified green betting, users can earn rewards simply by predicting the future price of bitcoin. To join the project, buy $GBTC at a discounted price of $0.4982 before it increases in less than four days.
Stake $GBTC, 252% Annual Rewards, 100x Potential Profit
Additionally, the platform offers a passive income opportunity through $GBTC token staking, with an attractive annual percentage yield (APY) of 252%. To date, over 2.2 million GBTC tokens have been staked, highlighting the popularity of the platform and the trust users place in its rewarding staking mechanism.
Did you know you can win HUGE just by staking your green bitcoin?
If you haven't already, visit our website and check out the Staking feature. pic.twitter.com/6wiv99ER0O
—GreenBitcoin (@GreenBTCtoken) February 25, 2024
The projects Prediction feature to win Additionally, it opens up another earning opportunity, where investors participate in daily btc prediction challenges. If you predict correctly, you will earn $GBTC rewards every 10 minutes.
Alessandro De crypto, a crypto YouTuber, says the project has the potential to grow 100x upon launch.
https://www.youtube.com/watch?v=JubQhMozlOA
To participate in the pre-sale, 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.
Related news
Green bitcoin: gamified green bet
- Contract audited by Coinsult
- Early Access Presale Live Now – greenbitcoin.xyz
- Predict to Win – Featured on Cointelegraph
- Staking Rewards and Token Bonuses
- $1+ Million Raised
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