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bitcoin price rose 9% in seven days to trade at $66,921 at 01:20 am EST.
btc is up 1.5% in the last 24 hours as trading volume fell 30%, an indication of increased risk in the market amid speculation that large holders are manipulating the market.
Dear newbies,
bitcoin is NOT going down naturally. It is being pushed down through whales placing fake sell orders on exchanges to get newbies and risk managers to sell to “buy back lower.” They are stealing your bags and will make you buy again at a higher price.
– Hsaka (@HsakaTrades) March 5, 2024
According to some traders, the pause in the btc market, seen with the stagnation of bitcoin price, is an opportunity for altcoins to start moving. @NCashOfficial says: “The euphoria really starts to flow once ATHs are broken on bitcoin.”
The fun is just beginning.
The euphoria really starts to flow once the ATHs are activated bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin they are broken. Once this happens, all major media outlets will push the narrative.
Right now, the number one thing that has been everywhere is bitcoin ETFs. MAXIMUM PAIN for retail… pic.twitter.com/08TkOCydyM
— Nick | Cross crypto (@NCashOfficial) March 8, 2024
However, @TheBitcoinTherapist believes that bitcoin price “is at a breakout point,” adding that we are likely to see a break above $69,000, beyond which btc price could continue to rise.
It feels like bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin is at a breaking point. Like any time, we will completely break above $69,000 and continue pumping.
I'm sitting there, fully allocated as much as possible and waiting patiently. I have nothing more to give.
I gave it my all. And here we go. pic.twitter.com/puxkqa2VDH
— The ₿itcoin Therapist (@TheBTCTherapist) March 8, 2024
However, bitcoin price remains within the November 2021 supply zone, extending from $59,864 to $67,760. A northward extension is expected soon as the bitcoin price has confirmed the continuation of the trend. This is seen with the three-day candle closing above the mid-threshold of the supply zone at $63,948.
If buyers were to increase their buying momentum, bitcoin price could break through the $69,000 threshold, before potentially extending higher to turn the $69,324 lock into support. Such a move, which would turn the supply zone into a bullish switch, could also see btc price rise towards the psychological level of $70,000.
<img decoding="async" class="aligncenter wp-image-486979 size-full" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="bitcoin price” width=”1273″ height=”544″ data-lazy-srcset=”https://technicalterrence.com/wp-content/uploads/2024/03/Bitcoin-Price-Prediction-BTC-Jumps-9-in-a-Week-as.png 1273w, https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSDT_2024-03-08_09-13-50-300×128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSDT_2024-03-08_09-13-50-1024×438.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSDT_2024-03-08_09-13-50-768×328.png 768w” data-lazy-sizes=”(max-width: 1273px) 100vw, 1273px” data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2024/03/Bitcoin-Price-Prediction-BTC-Jumps-9-in-a-Week-as.png”/><img decoding="async" class="aligncenter wp-image-486979 size-full" src="https://technicalterrence.com/wp-content/uploads/2024/03/Bitcoin-Price-Prediction-BTC-Jumps-9-in-a-Week-as.png" alt="bitcoin price” width=”1273″ height=”544″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/03/Bitcoin-Price-Prediction-BTC-Jumps-9-in-a-Week-as.png 1273w, https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSDT_2024-03-08_09-13-50-300×128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSDT_2024-03-08_09-13-50-1024×438.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSDT_2024-03-08_09-13-50-768×328.png 768w” sizes=”(max-width: 1273px) 100vw, 1273px”/>
TradingView: btc/USDT 3-day chart
Reverse case
On the other hand, if the supply zone holds as a resistance level, bitcoin price could pull back, retracing the support at $60,784. A breakout and close below this level could see bitcoin price extend towards $60,000. This would be an ideal buying opportunity for late buyers and investors who were left out in the previous rally.
Meanwhile, as the price of bitcoin takes a breather, investors might want to consider diversifying some of their investments into a new ICO. GBTC is one of those investments with the highest growth potential, and crypto YouTuber Jacob Bury anticipates 10x growth at launch.
Promising alternative to bitcoin
GBTC is the symbol of the Green bitcoin ecosystem, a cryptocurrency project that combines the legacy of bitcoin with the green attributes of ethereum. It introduces a unique and sustainable staking model called Gamified Green Staking, which allows users to earn passive income through reward staking.
Green bitcoin goes GLOBAL, and our campaign attracts thousands of followers from all corners of our world.
We appreciate. pic.twitter.com/dRUyegB7PQ
—GreenBitcoin (@GreenBTCtoken) March 7, 2024
The project's gamified betting system allows users to participate in daily and weekly btc price prediction challenges, with the potential to win attractive rewards.
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
The project continues to attract significant attention, and its ongoing GBTC token pre-sale has already surpassed $2.353 million. The pre-sale offers a unique opportunity for early investors to get involved in the project at a low entry price of $0.6882 per token. You can lock in your tokens at this price now before the price rises in about four days.
$2 million raised!
We couldn't be more excited to have you with us in this Green Revolution.
We are building something huge! pic.twitter.com/RDOvEyCyGW
—GreenBitcoin (@GreenBTCtoken) March 6, 2024
You can also stake $GBTC tokens for an impressive 167% APR. So far, more than $3.462 million GBTC tokens have been staked.
To further incentivize its community, Green bitcoin also has a profit prediction feature, where users participate in daily btc price prediction challenges. $GBTC tokens act as staking and reward, and rewards are distributed every 10 minutes.
As bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin is approaching all-time highs, everyone on your feed is making predictions.
But Green bitcoin is the only place where you can BET and WIN on those predictions! pic.twitter.com/yGgux4u9b9
—GreenBitcoin (@GreenBTCtoken) February 16, 2024
This unique approach encourages community participation and helps maintain the stability and growth of the $GBTC network.
crypto analyst and YouTuber Jacob Bury believes $GBTC will skyrocket ahead of the bitcoin halving event in April.
Visit Green bitcoin to buy GBTC here.
Also read:
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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