Join our Telegram channel to stay up to date on breaking news coverage
bitcoin price fell 1.89% in the last 24 hours bitcoin/”>trading at $64,751 As of 12:08 a.m. EST, trading volume increased 32% to $98 billion.
This comes after bitcoin fell to $59,000 shortly after hitting a new all-time high of $69,324, and is trying to recover from the drop. The correction is attributed to the sale of a huge amount of btc that was mined in 2010.
<img decoding="async" class="alignnone size-full wp-image-486226" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="btc SALE” width=”862″ height=”640″ data-lazy-srcset=”https://technicalterrence.com/wp-content/uploads/2024/03/Bitcoin-Price-Prediction-BTC-Aims-to-Recover-from-10000-Drop.jpg 862w, https://insidebitcoins.com/wp-content/uploads/2024/03/GH7XJn7aAAEOLlM-300×223.jpg 300w, https://insidebitcoins.com/wp-content/uploads/2024/03/GH7XJn7aAAEOLlM-768×570.jpg 768w” data-lazy-sizes=”(max-width: 862px) 100vw, 862px” data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2024/03/Bitcoin-Price-Prediction-BTC-Aims-to-Recover-from-10000-Drop.jpg”/><img decoding="async" class="alignnone size-full wp-image-486226" src="https://technicalterrence.com/wp-content/uploads/2024/03/Bitcoin-Price-Prediction-BTC-Aims-to-Recover-from-10000-Drop.jpg" alt="btc SALE” width=”862″ height=”640″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/03/Bitcoin-Price-Prediction-BTC-Aims-to-Recover-from-10000-Drop.jpg 862w, https://insidebitcoins.com/wp-content/uploads/2024/03/GH7XJn7aAAEOLlM-300×223.jpg 300w, https://insidebitcoins.com/wp-content/uploads/2024/03/GH7XJn7aAAEOLlM-768×570.jpg 768w” sizes=”(max-width: 862px) 100vw, 862px”/>
bitcoin Price Bulls Maintain Bullish Momentum
bitcoin price continues to rise, even after touching the support zone at $59,000. The brief consolidation around $50,000 allowed the bulls to push the price through an increasing phase, surpassing the resistance at $63,408, while shooting up to $69,324.
Some selling pressure may have allowed for a pullback, but the bulls appear resilient as they attempt to reclaim the high.
btc is trading above the 50- and 200-day SMA, a confirmation of bullish sentiments. The Relative Strength Index (RSI) is currently recovering and is trading at 53 as it heads into the overbought region. Taking the RSI into the overbought region could sustain the bullish outlook for btc.
Furthermore, the moving average convergence divergence (MACD) supports the recent correction as the moving average line (blue) crosses slightly below the signal line (orange). The red bars on the histogram also support this as they form slightly below the zero line.
However, the MACD is still trending above the neutral line, indicating an imminent upward rebound. The 14 3 3 Stochastic Oscillator line (green) crosses above the trigger line (orange), which is a confirmation of the bullish moving average crossover and a sign of bullish momentum.
bitcoin price prediction
bitcoin price analysis shows a bullish bias, which will reclaim the $69,294 mark, as the bulls aim to break the upper limit of the bullish pennant to the psychological threshold set at $72,000.
Additionally, the RSI and the stochastic oscillator offer some ground to the bulls as they try to push the price up. The 50-day SMA is also trading above the 200-day SMA, forming a golden cross at $42,875, further supporting the bullish outlook for btc price.
However, the MACD is bearishly trending towards the neutral line. If the indicator crosses below the zero line, this may trigger a price pullback to the support zone at $61,081, which offers a cushion against downward pressure.
As the price of bitcoin rises to regain its all-time high, investors are also considering green bitcoin as a valuable alternative.
bitcoin Green Pre-Sale Is Heating Up: Best bitcoin Alternative to Buy Now
Green bitcoin (GBTC) has introduced the Gamified Green Staking concept to the cryptocurrency market and continues to generate excitement. The buzz around the trend is evident in its pre-sale, which has already raised over $1.92 million in seed funding as it moves toward its $1.97 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 an eco-friendly alternative to bitcoin, combining the reputation behind btc with the environmental sustainability of the ethereum blockchain. The project uses ethereum's Proof-of-Stake (PoS) consensus mechanism to significantly reduce energy consumption compared to bitcoin's Proof-of-Work (PoW) model.
Buy $GBTC now and bet on 189% annual rewards
you also can bet your $GBTC and earn an impressive 189% annual percentage return. More than 3 million $GBTC tokens have already been staked.
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
There is also the opportunity to earn money through the project. Prediction feature to win, where you participate in daily btc price prediction challenges. Rewards are distributed every 10 minutes and $GBTC acts as a staking and reward token.
Jacob Bury, a prominent crypto YouTuber, says Green bitcoin has the potential to grow 10x upon launch.
To join, simply buy $GBTC at the discounted price of $0.6122 before it rises in less than four days.
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
Join our Telegram channel to stay up to date on breaking news coverage
