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bitcoin price has fallen 2.6% in the last 24 hours bitcoin“>listed at $68,929 at 7:15 pm EST, with trading volume up 31% to $78.3 billion.
This drop in bitcoin price comes as MicroStrategy, co-founded by bitcoin permabull Michael Saylor, increased the size of a senior convertible notes offering to $525 million, from $500 million, to buy even more bitcoin. He already owns 205,000 Bitcoins worth almost $14 billion.
bitcoin Price Set to Maintain Bullish Stance
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BTCUSD Analysis by Tradingview
bitcoin price had been rising steadily, breaking through the $69,000 resistance level and reaching a new all-time high (ATH) of $73,737 this week. The formation of the cup and handle pattern further provides upside potential that could allow the bulls to push prices higher.
However, with the indications of the red candles, btc could be experiencing some bearish effect, allowing the bears to push the price down in a corrective stage.
When analyzing the technical indicators, the 50-day and 200-day simple moving averages (SMA) support the price of bitcoin. Furthermore, the 50-day SMA crosses the 200-day SMA, affirming the bullish momentum.
Furthermore, the Relative Strength Index (RSI) is trading at 64 as it bounces towards the overbought region. If the bulls maintain the bullish stance, the RSI could easily cross the overbought region of 70, indicating increased buying pressure.
bitcoin price could exceed $80,000
The formation of the cup and handle pattern further provides upside potential that could allow the bulls to push prices higher.
However, if the current correction holds, it could push the price back towards $60,000.
For investors worried about such a correction, there is another great way to take advantage of the bitcoin bull run. It's called Green bitcoin and its pre-sale is accelerating rapidly.
Green bitcoin Pre-Sale Moves Toward $5.3 Million Target
He Green bitcoin (GBTC) The pre-sale has racked up over $5.1 million in advance funding as it moves toward its $5.375 million goal.
An incredible achievement for the future of cryptocurrencies and for our amazing community!
Let's hear it for GREEN! pic.twitter.com/mk0kGrXrVn
—GreenBitcoin (@GreenBTCtoken) March 13, 2024
Green bitcoin is a green alternative to bitcoin that combines the legacy of bitcoin with the more environmentally friendly ethereum blockchain. The project offers users the opportunity to predict the price of bitcoin and earn rewards through the Gamified Green Staking 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
Bettors who make successful predictions get rewards based on the accuracy of the forecast and how much they bet.
Buy and Stake $GBTC, 107% Annual Reward
You can also earn passively through the platform's staking option, which offers an annual percentage yield (APY) of 107%.
According to Matthew Perry, a prominent crypto YouTuber, green bitcoin has the potential to explode upon launch.
$GBTC tokens are priced at $0.9922 each and with a price increase coming in about four days, now is the best time to buy them.
Visit GBTC official website to exchange your eth or USDT for GBTC tokens in your compatible digital wallet and participate in the pre-sale. You can also buy with your bank card.
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- Staking Rewards and Token Bonuses
- $1+ Million Raised
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