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bitcoin price up a fraction of a percent in the last 24 hours bitcoin/”>listed at $66,798 At 03:31 am EST trading volume fell 44% to $56.16 billion.
This comes as billionaire Mark Cuban, known for his role on the reality show “Shark Tank,” says btc is better than gold.
in a interview On CNBC, Cuban said that as an investment option he would choose bitcoin over gold “all day, every day.”
Mark Cuban on CNBC: “There will only be 21 million bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin “.
He further said: “The more people buy and the less people sell, it means the price is going to go up and that's the nature of it, and it's a great store of value.”crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto #BitcoinETF btc?src=hash&ref_src=twsrc%5Etfw”>#btc… pic.twitter.com/BvDJqjKZzc
— Fahad Faqeeh (@FahadFaqeeh65) March 6, 2024
Cuban believes that bitcoin, with its finite supply of 21 million coins, is a superior store of value compared to gold's potentially unlimited and unknown supply, making it a more attractive investment.
In 2022, Cuban expressed strong criticism of gold investors, bluntly stating that they are “stupid.” He maintains that gold is an outdated investment option and advocates bitcoin as the future of safe haven investments.
bitcoin Price Set to Break Upper Boundary of Bullish Pennant
Since the beginning of February, the price of bitcoin has risen steadily, reaching an all-time high (ATH) of $69,294. However, it subsequently fell back to $59,000.
btc resistance is highlighted as it undergoes a notable recovery, with the bulls able to sustain the price within the confines of the bullish pennant.
btc is trading above the 50-day and 200-day SMA, providing further evidence of continued bullish sentiment. Furthermore, the Relative Strength Index (RSI) stands at 58, an indication that the market is neither overbought nor oversold.
However, the RSI is moving north, which could be a sign of intensifying incoming buying.
<img decoding="async" class="alignnone size-full wp-image-486774" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="bitcoin MACD” width=”1262″ height=”261″ data-lazy-srcset=”https://technicalterrence.com/wp-content/uploads/2024/03/1709853460_261_Bitcoin-Price-Prediction-Billionaire-Mark-Cuban-of-Shark-Tank-Fame.png 1262w, https://insidebitcoins.com/wp-content/uploads/2024/03/Screenshot_24-300×62.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/03/Screenshot_24-1024×212.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/03/Screenshot_24-768×159.png 768w” data-lazy-sizes=”(max-width: 1262px) 100vw, 1262px” data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2024/03/1709853460_261_Bitcoin-Price-Prediction-Billionaire-Mark-Cuban-of-Shark-Tank-Fame.png”/><img decoding="async" class="alignnone size-full wp-image-486774" src="https://technicalterrence.com/wp-content/uploads/2024/03/1709853460_261_Bitcoin-Price-Prediction-Billionaire-Mark-Cuban-of-Shark-Tank-Fame.png" alt="bitcoin MACD” width=”1262″ height=”261″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/03/1709853460_261_Bitcoin-Price-Prediction-Billionaire-Mark-Cuban-of-Shark-Tank-Fame.png 1262w, https://insidebitcoins.com/wp-content/uploads/2024/03/Screenshot_24-300×62.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/03/Screenshot_24-1024×212.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/03/Screenshot_24-768×159.png 768w” sizes=”(max-width: 1262px) 100vw, 1262px”/>
The moving average convergence divergence (MACD) also supports sentiments of an imminent bullish rally as it trades above the zero line. Furthermore, the red bars on the histogram appear to decrease towards the neutral line, confirming an upward bounce.
The 14 3 3 Stochastic Oscillator line (green) is trading above the trigger line (orange), representing a bullish moving average crossover, encouraging investors to buy more as there is an imminent bullish rally. .
bitcoin price prediction
bitcoin price analysis shows that btc is currently in a bullish move as it recovers towards its set ATH of $69,294. The bulls aim to break the upper boundary of the bullish pennant, supported by the golden cross at $42,875 to push the price higher, targeting $75,000.
Should the bears take over the price at these levels, the support levels at $61,562 and $59,380 would offer stabilization points in the event of a pullback.
As bitcoin price stabilizes after a rollercoaster week, some investors are diversifying into the new Green bitcoin ICO, which crypto analyst Jacob Bury says it has the potential to increase 10-fold at launch.
Green bitcoin Pre-Sale Surpasses $2.2 Million – Best Green Cryptocurrency to Buy for 10x Returns
He Green bitcoin (GBTC) The pre-sale continues to attract massive attention, having amassed over $2.2 million in seed funding as it moves towards its $2.5 million goal.
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
Green bitcoin is a greener alternative to bitcoin and combines the reputation of bitcoin with the environmental sustainability of the ethereum blockchain. The project also introduces the revolutionary Gamified Green Staking, which offers users exponential rewards.
By using the platform's gamified prediction option, users can easily earn rewards by predicting the future price of bitcoin. You can earn rewards every 10 minutes.
Willpower bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin Break ATHs today?
You can win Green bitcoin if you guess right!https://t.co/dG5cEeD1H0
—GreenBitcoin (@GreenBTCtoken) February 28, 2024
Join the project by purchasing $GBTC at a discounted price of $0.6882 before it rises in less than five days.
Stake $GBTC, 175% Annual Rewards
You can also earn passively through the Green bitcoin staking option, where you can stake your acquired $GBTC tokens for an impressive 175% Annual Percentage Yield (APY). Currently, there are already over 3.3 million $GBTC tokens up for grabs.
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
To participate in the pre-sale, buy $GBTC at the official website of bitcoin Verdeand 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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