Bitcoin Price Prediction: BTC Sets New ATH Over $72K As Donald Trump Says Bitcoin Is “an Additional Form of Currency” But are these ICOs the best way to play the BTC bull market?

Bitcoin price sets a new standard Best ever (ATH) was trading at $72,377.66 over the last 24 hours, but traders were quick to take profits, recovering to $71,501.05 as of 9:55 AM ET.

This is what former U.S. President Donald Trump, the leading Republican candidate for the November presidential election, said on March 11. interview In an interview with CNBC, he said he sometimes “has fun” with cryptocurrencies and allows people to pay him, calling Bitcoin “an additional form of currency.”

Bitcoin price is trying to overcome another major resistance.

BTC/USDT 4-hour chart (Source: TradingView)

that much Bitcoin The price is attempting to break the resistance level of $72,380. Closing the 4-hour candle above this point could give us the base needed to continue rising over the next 48 hours. This bullish argument could be invalidated if BTC is rejected by the $72,380 barrier in the next eight hours.

In this alternative scenario, there may be a risk of Bitcoin price correcting towards the immediate support level of $68,900. This will be a key level to watch as it joins a medium-term positive trendline formed on the charts of major cryptocurrencies. Therefore, a drop below this important price range could cause BTC to fall to $65,600 in the next 48 hours. In an extremely bearish scenario, the cryptocurrency price could fall to $62,600 in the near term.

Tech experts suggest that Bitcoin price may continue to rise.

technical indicators BTC The 4-hour chart suggests that Bitcoin price may continue to rise over the next 48 hours. Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) are both bullish.

The MACD line recently crossed above the MACD signal line. Traders generally view this as a bullish technical signal that signals that a cryptocurrency has entered a positive trend. Apart from this, RSI could also cross the simple moving average (SMA) line. Not only does this indicator suggest that buyers have gained an advantage over sellers on BTC’s 4-hour chart, but the widening gap between RSI and SMA also indicates that the uptrend is getting stronger.

Investors are rushing to buy as Bitcoin price attempts to overcome another major resistance level. green bitcoin This is because the pre-sale amount exceeded $3.2 million.

Combining the Advantages of BTC and ETH

Green Bitcoin is an ERC-20 version of BTC, but is unrelated to the market leader. The project aims to combine the market power of BTC with Ethereum’s greener proof-of-stake consensus.

This not only allows the cryptocurrency to potentially rebound on the back of Bitcoin’s strong performance, but also allows investors to participate in a staking program that is not dependent on a third party.

$3 million raised!

This is a huge milestone for the Green Bitcoin community. Green Bitcoin is still in pre-sale. Buy now! pic.twitter.com/46Jj7r0PDU

— GreenBitcoin (@GreenBTCtoken) March 10, 2024

Green Bitcoin’s staking program is slightly different from most staking programs available on the market in that it offers token holders the opportunity to earn bonuses by participating on the platform.

Investors who hold Green Bitcoin’s native token, GBTC, can participate in the project’s daily and weekly challenges. All token holders need to do to get rewards and bonuses of up to 100% is to predict the future price movements of BTC.

Possibility to surge BTC’s strong performance

The launch of a spot Bitcoin exchange-traded fund (ETF) in the US earlier this year opened the mainstream financial world to Bitcoin and the broader cryptocurrency sector. Since the launch of these investment products, the price of BTC has shown a strong upward trend. This is evident from the fact that BTC hit a new all-time high just today.

Experts predict that BTC prices could continue to rise as large banks, brokerages, and other asset management platforms begin offering BTC ETFs to their wealthy clients.

This could push BTC higher and make it prohibitively expensive for the average retail investor, forcing them to opt for cheaper altcoins linked to the BTC price.

With a focus on being green and a profit prediction mechanism tied to Bitcoin price prediction, Green Bitcoin is perfectly positioned to generate returns.

GBTC can be purchased here.

Related articles:

Green Bitcoin – Gamified Green Staking

• Coinsult’s contract audit
• Early Access Presale Now Live – greenbitcoin.xyz
• Profit Forecast – Cointelegraph Feature
• Staking Rewards and Token Bonuses
• Over $1 million raised