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bitcoin price fell 2% in the last 24 hours bitcoin/”>listed at $65,902 At 04:01 am EST trading volume fell 31% to $39 billion.
This comes as Grayscale's GBTC bitcoin ETF recorded another $359 million in outflows on March 21. Still, Bloomberg ETF analyst Eric Balchunas said on X that he believes “the worst is probably about to be over.”
The more I think about it, the more likely it is that the increase in flows is related to bankruptcies due to size and consistency. February flows showed what retail outflows are like: a smaller, more random pattern. Additionally, any Gemini/Genisis exit will likely buy btc with cash, therefore market…
— Eric Balchunas (@EricBalchunas) March 22, 2024
In total, GBTC has recorded capital outflows worth $1.8 billion in the past week.
bitcoin Price Bulls Aim for a Bounce Back to Its ATH
bitcoin price has seen exponential gains since February, when the price rose through a margin phase to cross its previous all-time high (ATH) of $69,000. The bulls continued to show resistance, with the price touching a new ATH at $73,737.
However, this acted as immediate resistance, leading to a price pullback to $60,800. This level acted as an important support zone, allowing the bulls to push the price higher while trading within the lower boundary of the ascending triangle.
btc is trading above the 200-day SMA, showing that the asset has the potential to soar further. If the bulls maintain the momentum, btc could surpass the 50-day SMA barrier.
Furthermore, the Relative Strength Index (RSI) has crossed the mid-level of 50, currently at 49, indicating that the price is moving in balance while aiming to break out. Sustained momentum could see the RSI rise above 50 and approach the overbought region of 70, indicating intense buying pressure.
Furthermore, the Moving Average Convergence Divergence (MACD) is also bullish as the moving average line (blue) crosses above the signal line (orange), showing a bullish crossover. For most retail investors, a bullish crossover indicates a time to increase their positions as the price could soar even higher.
The green bars on the histogram extend above the neutral line, which may suggest that btc is currently on a positive trajectory.
bitcoin price prediction
bitcoin price analysis shows that btc is currently preparing for a breakout as bulls aim to push the price higher. btc price movement has formed an ascending triangle pattern, placing the target at $80,000.
The MACD and the golden cross, formed at $42,874, offer a bullish outlook for bullish investors.
However, the MACD is still trading below the neutral line, suggesting that the bears could take control of the price. In such a scenario, a pullback may cause the bulls to retreat to the support around $61,463, acting as a cushion against the downward pressure.
Meanwhile, environmentally concerned investors are flocking to buy the Green bitcoin project that is up for pre-sale.
Green bitcoin surpasses $7.6 million: last buying opportunity before pre-sale ends
Green bitcoin (GBTC) is a new cryptocurrency that aims to provide a greener and more sustainable alternative to bitcoin. It operates on the energy-efficient ethereum proof-of-stake (PoS) blockchain, which is a greener alternative to bitcoin's proof-of-work (PoW) mining model.
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
The project features an ingenious “Gamified Staking” system that allows users to stake the native GBTC token and earn rewards based on accurate prediction of bitcoin price movements.
This combines bitcoin's legacy and brand recognition with greener technology while allowing GBTC holders to earn recurring rewards.
The project is nearing completion, having already raised over $7.5 million and approaching the $8 million mark. This is your last chance to secure your GBTC at a discounted price of 1.1062 dollars per token.
Buy and Stake $GBTC to Earn Rewards, 10x Profits
Investors can buy and stake $GBTC on the ethereum network to earn an 84% annual percentage return.
Additionally, celebrate The success of green bitcoin with easy competition to win more. Join the competition on X for a chance to win $200 in GBTC.
Only $400K left until the green bitcoin pre-sale is FULL!
Our journey starts HERE!
Follow us and be sure to tag a friend for a chance to win $200 in Green bitcoin! pic.twitter.com/9YQfzXilgJ
—GreenBitcoin (@GreenBTCtoken) March 20, 2024
Top crypto analyst Jacob Bury says Green bitcoin is one of the best alternatives to btc, with 10x profit potential after going public.
By emphasizing environmental sustainability and incentivizing engagement, GBTC offers a compelling strategy for people looking to enter the crypto space with an eco-friendly approach.
Buy $GBTC directly from the official website of bitcoin Verde using eth, USDT, BNB or a 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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