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The price of bitcoin is up 2.6% in the last 24 hours and 23% in the past week. bitcoin“>listed at $63,612 at 12:05 a.m. EST on trading volume that soared 63% to $35 billion.
One of the big catalysts for btc's price rise last week was MicroStrategy's purchase of another 3,000 Bitcoins, increasing its total holdings to approximately 193,000 bitcoins valued at almost $12.3 billion. bitcoin ETF spot inflows also continue to put upward pressure on the btc price as supply struggles to meet demand.
bitcoin Price Looks Set to Reclaim All-Time High of $69,000
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btc/USDT analysis by Tradingview.com
bitcoin price is indicating a bullish rally that surpasses the cup and handle pattern, indicating a continuation of the uptrend.
btc price support at the $16800 level, lining up with the bottom of the cup, caused a rapid rebound, resulting in an increase in price, reaching the neckline of the cup. After a brief correction by the bears, the bulls showed their strength, pushing the price up again, surpassing the $52,000 level in a bullish rally.
Technical indicators have a bullish bias supporting the bullish rally as the bulls push the price above the 50-day and 200-day simple moving averages (SMA). The golden cross at $28,700 has also amplified the bullish momentum.
The Relative Strength Index (RSI) indicates a bounce in the region of the 70 overbought level, indicating intense buying pressure, pushing the RSI further towards the overbought zone, maintaining the bullish outlook for bitcoin price.
bitcoin Price Bulls Target New ATH at $86,000
With the cup and handle pattern confirming the bullish sentiment for bitcoin price, bulls are targeting a new all-time high (ATH) of $86,000, a 32% increase from its current price.
However, the RSI trading at the overbought level could trigger a downtrend, forcing the bulls to retreat to the $60,000 support zone.
As the bullish momentum for btc continues, investors may want to diversify their portfolios into a new btc-inspired token called Green bitcoin (GBTC), which offers unique gamified green betting and predict-to-win features that offer upside potential. substantial profits.
Green bitcoin (GBTC) Raises $1.6 Million and Nears $1.7 Million Funding Goal
He Green bitcoin (GBTC) The token continues to gain momentum, raising over $1.6 million in funding and approaching its goal of $1.7 million.
The GBTC project allows users to earn money by predicting bitcoin prices through its unique Predict-to-Earn feature. Successful predictions can generate incentives based on the accuracy of the forecast and the amount wagered. This gamified approach resets daily, ensuring continuous engagement and participation.
Green bitcoin is now NUMBER 1 on the BEST crypto PRE-SALES list!https://t.co/Ng4Su8wA0W
—GreenBitcoin (@GreenBTCtoken) February 27, 2024
More rewards through betting
GBTC also employs the so-called Gamified Green Staking model, where token holders can stake their tokens and earn rewards.
The project aims to incentivize long-term holding by allowing you to stake your tokens and earn passive income with an impressive 207% Annual Percentage Yield (APY). Currently, 67% of the total 2.7 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
Popular YouTuber and crypto analyst Jacob Bury says GBTC's “Predict to Win” concept is a winner and could help it grow 10x upon launch.
Investors have less than four days to purchase the GBTC token at the current discounted price of $0.5742 per token before it rises in the next stage.
You can visit GBTC official website to exchange your eth or USDT for GBTC tokens in your supported digital wallet. 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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