Bitcoin Price Prediction: This eco-friendly Bitcoin alternative tops $5 million as MicroStrategy increases its debt to buy more BTC.

adminMarch 17, 2024

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Bitcoin price fell 2.6% in the last 24 hours. Traded for $68,929 As of 7:15 PM ET, trading volume had surged 31% to $78.3 billion.

The Bitcoin price drop prompted MicroStrategy, co-founded by Bitcoin perpetual owner Michael Saylor, to raise $500 million in a senior convertible note offering to purchase more Bitcoin. This occurred because it increased from to $525 million. It already holds 205,000 bitcoins, worth about $14 billion.

Bitcoin price set to remain bullish

bitcoin price

BTCUSD Analysis by Tradingview

Bitcoin price has steadily risen, breaking the $69,000 resistance level and reaching a new all-time high (ATH) of $73,737 this week. The formation of a cup and handle pattern further provides upside potential for bulls to push prices higher.

However, as the red candle appears, BTC experiences some bearish effects, which could push the bears lower in the correction phase.

Analysis of the 50-day and 200-day simple moving averages (SMA), which are technical indicators, provides support for the Bitcoin price. Moreover, the 50-day SMA crosses the 200-day SMA, confirming bullish momentum.

Additionally, the Relative Strength Index (RSI) has rebounded into overbought territory and is trading at 64. If bulls maintain their bullish stance, RSI could easily cross the 70 overbought zone, indicating increased buying pressure.

Bitcoin price could exceed $80,000

The formation of a cup and handle pattern further provides upside potential for bulls to push prices higher.

However, if the current correction holds, the price could return to $60,000.

For investors worried about such a correction, there is another great way to play out the Bitcoin bull market. It’s called Green Bitcoin, and pre-sales are accelerating rapidly.

Green Bitcoin pre-sale heads towards $5.3 million target

that much Green Bitcoin (GBTC) The pre-sale raised more than $5.1 million in seed funding, heading toward its $5.375 million goal.

An incredible achievement for the future of cryptocurrency and our amazing community!
Let’s listen for GREEN! pic.twitter.com/mk0kGrXrVn
— GreenBitcoin (@GreenBTCtoken) March 13, 2024

Green Bitcoin is an eco-friendly alternative to Bitcoin that combines Bitcoin’s legacy with the environmentally friendly Ethereum blockchain. The project offers users the opportunity to predict Bitcoin price and earn rewards through the Gamified Green Stake model.

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

Stakers who make successful predictions are rewarded based on the accuracy of their prediction and the amount staked.

Buy and Stake $GBTC, 107% Annual Rewards

You can also earn passively through the platform’s staking option. Annual Percentage Yield (APY) is 107%.

According to Matthew Perry, a prominent cryptocurrency YouTuber, Green Bitcoin has the potential to explode upon launch.

The price of $GBTC tokens is $0.9922 each, with a price increase scheduled for about 4 days, so now is the best time to buy.

Visit GBTC official website Exchange ETH or USDT for GBTC tokens from a compatible digital wallet and participate in the presale. You can also purchase with a bank card.

Green Bitcoin – Gamified Green Staking