Bitcoin Price Prediction: Green Bitcoin ICO Charges $6 Million as BTC Pre-halves “Risk Zone”

adminMarch 18, 2024

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Bitcoin price rose 3.49% in the last 24 hours. Traded for $68,266 As of 11:57 PM ET, trading volume was down 8% to $44 billion.

This comes as cryptocurrency analyst Rekt Capital said Bitcoin may only have a few days left to enter the “danger zone” before the halving. In the

#BTC
In two days, Bitcoin will officially enter the “danger zone” (orange), where a historic pre-halving retracement has begun.
Historically, Bitcoin has performed pre-halving retracements 14 to 28 days prior to a halving.
In 2020, this retracement depth was -20%.
In 2016, this retracement was -40%… pic.twitter.com/rnKjznsGHk
— Rekt Capital (@rektcapital) March 17, 2024

The analysis primarily comes from past halving events, where BTC falls 14 to 28 days before the halving. BTC fell 40% during the 2016 halving and 20% during the 2020 halving. Could this year’s halving event be different?

Bitcoin Price Set for Rebound Against Rising Triangle

Bitcoin price chart analysis Source: TradingView.com — BTCUSD Chart Analysis Source: TradingView.com

Bitcoin price has been on a massive upward trend since February, and the bullish stance pushed the price higher in March, hitting an all-time high at $73,737, which is the immediate resistance level.

After hitting the rejection, BTC price moved back to the $64,510 support area, which the bulls appear to be using to rally the price.

BTC is trading above its 200-day simple moving average (SMA), confirming its bullish trend. If the bulls maintain the bullish momentum, BTC could overcome the 50-day SMA hurdle at the $70,018 level, pushing the price higher.

Additionally, the RSI is below the 50 center line at 48, which indicates that the price is slightly oversold.

BTCADM BTCADM

The moving average convergence divergence (MACD) is also bullish. The moving average line (blue) crosses above the signal line (orange), indicating a bullish crossover. Bullish crossovers are primarily used by investors to add to their purchases, which can push the price higher.

Additionally, the Average Directional Index (ADX) is currently at 38, which could indicate that the current trend is very strong as it targets a price rebound.

Bitcoin price prediction

Bitcoin price analysis shows signs of an upward reversal, driven by movements in the ADX and MACD lines. The bulls are aiming to maintain the bullish rally by pushing the price above the ascending triangle targeting $81,110.

RSI may show signs of a bullish trend reversal after crossing to oversold levels below the 50-period median line.

However, the MACD line is trading below the neutral line, which could suggest that the price could be heading towards a further retracement, which could mean that bulls could use the $60,627 support as a cushion against downward pressure.

As Bitcoin bulls aim to reclaim BTC’s ATH, many investors are flocking to green Bitcoin, an eco-friendly alternative to Bitcoin that could surge in the upcoming Bitcoin halving event.

Green Bitcoin presale heats up, early funding heading towards $6 million

Green Bitcoin (GBTC) is a green alternative to Bitcoin that uses the Gamified Green Stake model, where users predict Bitcoin price and get a chance to win rewards. The project combines the legacy of Bitcoin with the environmentally friendly Ethereum blockchain.

Introducing Green Bitcoin: A revolutionary yield prediction token.
Join the Gamified Green Stake platform where your predictions can turn into profits!
Website: https://t.co/dG5cEeCtRs
Telegram: https://t.co/bWanoe0vHv pic.twitter.com/eXuGQBkxio
— GreenBitcoin (@GreenBTCtoken) December 3, 2023

This unique approach has garnered a huge following, raising over $5.8 million in seed funding.

With record breaking yesterday and an announcement just around the corner, the time has come for green Bitcoin! pic.twitter.com/V4rG231djX
— GreenBitcoin (@GreenBTCtoken) March 16, 2024

You can earn 97% passive income by buying and staking $GBTC.

Green BTC offers holders the opportunity to passively earn profits through the platform. Staking Options. Investors can earn annual returns of 97% by simply holding tokens. To date, over 5.9 million $GBTC tokens have already been staked.

Matthew Perry, a cryptocurrency YouTuber with over 225,000 followers, believes that green Bitcoin will continue to gain traction. He says $GTBC will likely explode upon launch.

If you want to participate in the pre-sale, you can invest now at $1.0302 per $GBTC token. However, the price will increase in about 4 days, so act now to get the best price.

You can purchase $GBTC tokens. Official Green Bitcoin websiteYou can exchange ETH or USDT for $GBTC at or purchase directly with your bank card.