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bitcoin price has risen 2% in the last 24 hours to trade at bitcoin/”>$68.5 thousand starting at 1:30 am EST.
This comes after the cryptocurrency king briefly surpassed the psychologically important $70,000 level on March 8 to set a new all-time high (ATH).
The ninth place bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin ETFs are buying millions of dollars $btc daily.
That's probably the main reason we just raised to $70,000.
We cleared up some sell orders, no need to worry.
We will soon go up to $100 thousand.
It's a matter of time. pic.twitter.com/Q6mXIRPiYy
– crypto Rover (@rovercrc) March 8, 2024
bitcoin Price Review: Will btc Break Above $70,000 Again?
When analyzing the bitcoin charts, we notice a consolidation between $68 – 70K in the price of bitcoin. However, amid this consolidation, bitcoin has completed the formation of an ascending triangle that could signal another breakout is coming. If the bulls break above the $70,000 resistance level, the cryptocurrency king could see another breakout.
If we look at other indicators, we see that the Money Flow Index (MFI) is currently at 52.21, which shows a fairly neutral market without much buying pressure. The current value suggests that there is still room for another pump as the king of cryptocurrencies is not yet overbought. However, the average directional index (ADX), used to measure trends, suggests a weak trend as it has a value of 22. Even though the trend is weak, the northern trajectory of the ADX shows that the bulls are now winning ground as the current uptrend solidifies. .
btc/USD 2-hour charts | Fountain: TradingView
Meanwhile, as investors anticipate continued bitcoin price rise, the Green bitcoin Presale is emerging as another interesting way to deal with the bitcoin bull run.
A greener bitcoin
The goal of Green bitcoin (GBTC) is to be a greener version of the leading cryptocurrency. To do this, the cryptocurrency runs on the ethereum network, which uses less computing power and is therefore more energy efficient.
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
A big draw is the token staking, which offers an estimated annual return of 156%. 3.7 million tokens have already been staked with distribution rewards set at a rate of $1.6 GBTC tokens per ethereum (eth) block. Rewards will be disbursed over 5 months, after which the so-called Gamified Green bitcoin Stake will be launched.
Under gamified betting, headlines prEdit the price of bitcoin in daily contests and earn rewards when you get it right.
GBTC Ready to Capitalize on Bullish bitcoin Sentiment
GBTC is very well positioned to capitalize on the positive sentiment around bitcoin as institutional investors bring additional liquidity to the btc market through spot bitcoin ETFs. There are also expectations of a price surge ahead of the bitcoin halving in April.
GBTC tokens are priced at $0.7262 each and investors can purchase them using a bank card, eth, or USDT.
Interested investors should act quickly because the price will rise in about four days, or sooner if the The $2.66 million already raised exceeds $2.839 million.
Get your GBTC tokens here.
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