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bitcoin price is up 2.6% in the last 24 hours bitcoin“>listed at $66,687 at 7:05 a.m. EST with a 68% increase in trading volume to $78 billion.
bitcoin is on the verge of hitting its all-time high price as markets turn ultra-bullish, as indicated by the crypto Fear & Greed Index, which rose to 90.
Such a high reading indicates “extreme greed” among investors and suggests that the market is due for a correction because traders have become “too greedy.”
bitcoin Price Could Hit All-Time High of $69,000
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btc/USDT Analysis by Tradingview
The price of bitcoin has risen dramatically, quickly approaching its all-time high of $69,000. After a brief period of consolidation around the $48,200 level, the bulls demonstrated their dominance by pushing the price higher, surpassing the November 2021 high at the $65,000 mark.
The bulls have also pushed the price above the 50-day and 200-day simple moving averages (SMA), confirming the bullish outlook with golden cross support at $28700.
The Relative Strength Index (RSI) is currently trading at 83, above the overbought level of the 70 region, indicating intense buying pressure. Pushing the RSI further into the overbought zone could sustain the bullish outlook for bitcoin price.
bitcoin price could surpass its ATH of $69,000
bitcoin price has a bullish bias and is poised to reclaim its all-time high (ATH) of $69,000. Further buying pressure could see bitcoin price break the ATH of $69,000, with the possibility of extending gains to the psychological level of $72,000, marking a new all-time high.
The Relative Strength Index (RSI), still heading north, could help the bears trigger a downtrend, forcing the bulls to retreat to the $60,000 support zone.
With the cryptocurrency market excited by bitcoin's push towards a new ATH, some investors are considering diversifying into Green bitcoin (GBTC), a btc-inspired token that offers its gamified green staking model.
GBTC pre-sale moving towards $2 million target
He Green bitcoin The pre-sale has increased to $1.8 million in funds raised as it offers investors a greener alternative to bitcoin.
Combine the reputation of bitcoin with the environmental sustainability of the ethereum blockchain.
Using ethereum's Proof-of-Stake (PoS) consensus mechanism, Green bitcoin significantly reduces the energy consumption linked to bitcoin's Proof-of-Work (PoW) model.
This effectively addresses the carbon issue associated with bitcoin.
Its gamified green betting model allows users to profit using its distinctive Predict to Win feature by forecasting the price of bitcoin.
Green bitcoin is now NUMBER 1 on the BEST crypto PRE-SALES list!https://t.co/Ng4Su8wA0W
—GreenBitcoin (@GreenBTCtoken) February 27, 2024
Bettors who make successful predictions will earn rewards based on the accuracy of the forecast and the amount wagered. This gamified approach resets daily, ensuring continuous engagement and participation.
Buy GBTC now and enjoy passive income rewards
Investors can also participate in the GBTC betting optionwhere you stake tokens to earn passive income with an impressive 194% Annual Percentage Yield (APY).
The GBTC team has allocated 27.5% of the tokens for staking rewards that will be distributed over two years. Currently, more than 2.9 million GBTC tokens are already staked.
Experts weigh in on GBTC!
bitcoin Price to Reach $200,000 by 2025: Standard Chartered: Can Green bitcoin Overtake btc?https://t.co/w2mT4kp0fo
—GreenBitcoin (@GreenBTCtoken) February 19, 2024
YouTuber and crypto analyst Jacob Bury ranks GBTC as one of the top 5 pre-sales available right now and says it has the potential to rise 10x at launch.
GBTC tokens are available for only $0.6122, but there will be a price increase in just over four days. Interested investors should buy early to lock in the lowest price.
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.
Related Posts
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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