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bitcoin price rose 6% in the last 24 hours bitcoin/”>listed at $67,361 at 03:41 a.m. EST, trading volume fell 12% to $57 billion.
This comes as btc spot ETFs (exchange-traded funds) record their third consecutive day of net outflows, with March 20 recording the second-largest outflow of $261.5 million. On March 18 and 19, outflows of $154.3 million and $326.2 million were recorded, respectively.
<img decoding="async" class="alignnone wp-image-492234 size-full" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="btc etf flow chart” width=”620″ height=”651″ data-lazy-srcset=”https://technicalterrence.com/wp-content/uploads/2024/03/Bitcoin-Price-Prediction-As-BTC-Spot-ETFs-Suffer-Third-Day.png 620w, https://insidebitcoins.com/wp-content/uploads/2024/03/Screenshot_29-286×300.png 286w” data-lazy-sizes=”(max-width: 620px) 100vw, 620px” data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2024/03/Bitcoin-Price-Prediction-As-BTC-Spot-ETFs-Suffer-Third-Day.png”/><img decoding="async" class="alignnone wp-image-492234 size-full" src="https://technicalterrence.com/wp-content/uploads/2024/03/Bitcoin-Price-Prediction-As-BTC-Spot-ETFs-Suffer-Third-Day.png" alt="btc etf flow chart” width=”620″ height=”651″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/03/Bitcoin-Price-Prediction-As-BTC-Spot-ETFs-Suffer-Third-Day.png 620w, https://insidebitcoins.com/wp-content/uploads/2024/03/Screenshot_29-286×300.png 286w” sizes=”(max-width: 620px) 100vw, 620px”/>
bitcoin Price Bulls Aim to Maintain Bullish Momentum Past $70,000
bitcoin price has been rising steadily since March, when it reached a new all-time high (ATH) of $73,737, acting as the highest resistance level. This rejection allowed the bears to take control of the price, allowing for a pullback within the falling wedge pattern.
btc bulls have found support at the $60,731 level, which paved the way for a bounce to the $68,244 resistance level.
bitcoin price is also trading above the 50-day and 200-day SMA, which is a confirmation of the possible uptrend and sustained bullish momentum.
Furthermore, the Relative Strength Index (RSI) is trading above the mid-level of 50 at 59, showing that the price is still on track to recover further. If the bullish momentum sustains, the RSI could surpass the overbought region of 70, showing intense buying pressure.
The current RSI move is further supported by the Average Directional Index (ADX), which is trading at 20, showing a strong trend with signs of an upward rally.
Additionally, the 14 3 3 stochastic oscillator line (green) crosses above the trigger line (orange), indicating a bullish moving average crossover, further supporting incoming buying and upward moves.
bitcoin price prediction
bitcoin price analysis shows a continuation of bullish momentum, with bulls aiming to maintain the stance on the falling wedge. The RSI and Stochastic Oscillator offer a bullish outlook for the Bullish Oscillator, with the current target set at $72,000.
However, the stochastic oscillator has already crossed the oversold level at 70, which may suggest that the price could suffer a short-term pullback. In this case, $66,000 acts as an immediate support level.
Historically, btc has fallen in the days leading up to the halving and has followed a similar trend in this round, as the event enters the final 30 days. Analysts also predict a price pullback before the event and a rally afterward.
Meanwhile, the Green bitcoin pre-sale project is emerging as an attractive alternative way to ride out the bitcoin bull run fueled in part by the upcoming halving event.
Green bitcoin exceeds 7 million dollars: the best alternative to bitcoin
He Green bitcoin (GBTC) The pre-sale continues to attract attention, having secured over $7.3 million in initial funding, as it moves toward its $7.4 million goal.
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Green bitcoin functions as an eco-friendly alternative to bitcoin, merging the legacy of bitcoin with the environmental consciousness of the ethereum blockchain. The project features Gamified Green Staking, which allows users to earn lucrative token rewards and bonuses.
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The green bet model allows you to earn rewards through its profit prediction feature. By predicting daily bitcoin price movements, holders earn rewards based on accuracy and how much is staked.
Buy and Stake $GBTC, Earn Passive Income
You can also earn passively with Green bitcoin, where $GBTC stake for an annual percentage yield (APY) of 86%. Holders of the platform have already staked over $6.7 million GBTC tokens.
According to Matthew Perry, crypto analyst and YouTuber, the project's profit prediction model has good potential.
To participate in the pre-sale, you can invest now for just $1.1062 before the price rises in three days.
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.
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
- Over $7 million raised – Ends soon
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