Bitcoin Price Prediction: BTC Surges 23% in One Week as Green Bitcoin Presale Races Above $1.6 Million.

adminMarch 4, 2024

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Bitcoin price has surged 2.6% in the last 24 hours and 23% in the past week. Traded for $63,612 As of 12:05 a.m. EST, trading volume had increased 63% to $35 billion.

One of the biggest catalysts for last week’s BTC price surge was MicroStrategy’s purchase of 3,000 additional Bitcoins, bringing its total holdings to approximately 193,000 Bitcoins, worth nearly $12.3 billion. Spot Bitcoin ETF inflows continue to put upward pressure on the BTC price as supply struggles to meet demand.

Bitcoin price is expected to recover to its all-time high of $69,000.

bitcoin price

BTC/USDT Analysis by Tradingview.com

Bitcoin price is showing a bullish rally above the cup and handle pattern, indicating a continuation of the bullish trend.

BTC price support at the $16800 level, consistent with the cup base, led to a quick rebound, with the price rising to reach the cup neckline. After a brief correction by the bears, the bulls showed strength and pushed the price back up, crossing the $52,000 level and entering a bullish rally.

The technical indicator has a bullish bias supporting the bullish rally as bulls are pushing the price above the 50-day and 200-day simple moving averages (SMAs). The golden cross at $28,700 also amplified the bullish momentum.

The Relative Strength Index (RSI) indicates a bounce in the 70 overbought level area, which indicates intense buying pressure and will push RSI further into the overbought zone, maintaining a bullish outlook for the Bitcoin price.

Bitcoin price rises, new ATH target $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, up 32% from the current price.

However, an RSI trade at overbought levels could trigger a downtrend and push the bulls back towards the $60,000 support area.

As BTC’s bullish momentum continues, investors can diversify their portfolios with Green Bitcoin (GBTC), a new BTC-inspired token that offers unique gamified green staking and return prediction features that offer significant return potential. there is.

Green Bitcoin (GBTC) raises $1.6 million, reaches $1.7 million funding goal

that much Green Bitcoin (GBTC) The token continued to gain momentum, raising over $1.6 million in funding and hitting its $1.7 million goal.

The GBTC project allows users to earn profits by predicting the price of Bitcoin through its unique profit prediction feature. Successful predictions can earn incentives based on the accuracy of the prediction and the amount staked. This gamified approach resets daily to ensure continued engagement and participation.

Green Bitcoin now tops the list of best cryptocurrency presales! https://t.co/Ng4Su8wA0W
— GreenBitcoin (@GreenBTCtoken) February 27, 2024

More rewards through staking

GBTC also uses the so-called Gamified Green Stake model, which allows token holders to stake their tokens and receive rewards.

The project aims to encourage long-term holding by allowing you to stake tokens and earn passive income with an impressive Annual Percentage Yield (APY) of 207%. Currently, 67% of the total 2.7 million GBTC tokens are already staked.

Experts evaluate GBTC!
Bitcoin price will reach $200,000 by 2025: Standard Chartered – Green Can Bitcoin Surpass BTC? https://t.co/w2mT4kp0fo
— GreenBitcoin (@GreenBTCtoken) February 19, 2024

Jacob Bury, a popular YouTuber and cryptocurrency analyst, said GBTC’s “return forecast” concept is a winner and could potentially help it rise tenfold post-launch.

Investors have less than four days to purchase GBTC tokens at the current discounted price of $0.5742 per token before the price increases in the next phase.

you can visit GBTC official website Exchange ETH or USDT for GBTC tokens on any compatible digital wallet. You can also purchase with a bank card.

Green Bitcoin – Gamified Green Staking