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bitcoin price marked a new bitcoin/”>its highest point (ATH) of $72,377.66 in the last 24 hours, but has since retreated to trade at $71,501.05 at 9:55 am EST, as traders quickly took profits.
This comes as former US President Donald Trump, the leading Republican candidate for the November election, said in a March 11 statement. interview with CNBC sometimes “having fun” with cryptocurrencies and allowing people to pay him in bitcoin, calling it “an additional form of currency.”
bitcoin price is trying to overcome another major resistance
4-hour chart for btc/USDT (Source: TradingView)
He bitcoin The price is trying to break above the resistance level of $72,380. If you close a 4-hour candle above this point, you may have the foundation needed to continue rising over the next 48 hours. This bullish thesis could be invalidated if btc is rejected by the $72,380 barrier in the next 8 hours.
In this alternative scenario, bitcoin price may risk correcting to the immediate support level of $68,900. This will be a key level to watch as it also converges with a positive medium-term trend line that has formed on the charts of the major cryptocurrencies. Therefore, a break below this important price could see btc fall to $65,600 in the next 48 hours. In an extremely bearish scenario, the cryptocurrency could fall as low as $62,600 in the short term.
Technicians Suggest bitcoin Price May Continue Rising
Technical indicators in btc The 4-hour chart suggests that bitcoin price may continue to rise in the next 48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are bullish.
The MACD line recently crossed above the MACD signal line. Traders generally view this as a bullish technical signal indicating that a cryptocurrency has entered a positive trend. In addition to this, the RSI was also able to surpass its simple moving average (SMA) line. Not only does this indicator suggest that buyers have gained the upper hand over sellers on the btc 4-hour chart, but the widening gap between the RSI and SMA also indicates that the bulls are getting stronger.
As bitcoin Price Tries to Break Another Major Resistance Level, Investors Rush to Buy Green bitcoin since its pre-sale exceeds 3.2 million dollars.
Combining the benefits of btc and eth
Green bitcoin is an ERC-20 version of btc, but is not associated with the market leader. The project aims to combine ethereum's greener Proof-of-Stake consensus with btc's market dominance.
This not only sets the cryptocurrency up for a potential rally thanks to bitcoin's strong performance, but also allows investors to participate in a staking program that is not dependent on third parties.
$3 MILLION RAISED!
A huge milestone for the Green bitcoin community. Green bitcoin is still in pre-sale. Get yours now! pic.twitter.com/46Jj7r0PDU
—GreenBitcoin (@GreenBTCtoken) March 10, 2024
The Green bitcoin staking program is a little different than most staking programs available on the market as it offers token holders the opportunity to earn bonuses by interacting with the platform.
Investors who hold GBTC, Green bitcoin's native token, can participate in the project's daily and weekly challenges. All token holders will need to do to start earning rewards and bonuses of up to 100% is try to predict the future price movement of btc.
Potential to Soar Thanks to Strong btc Performance
The launch of spot bitcoin ETFs (exchange-traded funds) in the US earlier this year opened the mainstream financial world to bitcoin and the broader crypto space. Following the launch of these investment products, the price of btc has followed a strong upward trajectory. This is evident in the fact that btc hit a new all-time high just today.
Experts predict that the price of btc may continue to rise as large banks, brokerages, and other wealth management platforms begin offering btc ETFs to their wealthy clients.
This can drive btc up and make it prohibitively expensive for ordinary retail investors, forcing them to opt for lower-priced altcoins pegged to the price of btc.
With its focus on going green and its profit prediction mechanism tied to bitcoin price forecasting, Green bitcoin appears perfectly positioned to win.
GBTC can be purchased here.
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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