Bitcoin Price Prediction: With BlackRock competing with MicroStrategy to hold most BTC, is this ICO the best cryptocurrency to buy now as Bitcoin halving approaches?

adminMarch 14, 2024

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Bitcoin price rose 1.5% in the last 24 hours. Traded for $73,517 As of 3:47 a.m. EST, trading volume had increased 18% to $64 billion.

This comes amid a race between fund managers BlackRock and Michael Saylor’s MicroStrategy to secure the most Bitcoin (BTC). MicroStrategy recently added 12,000 BTC to its holdings, bringing its total holdings to 205,000 and is now worth over $14.8 billion.

BlackRock isn’t far behind, holding 197,943.2 BTC worth over $14.37 billion.

BlackRock Ain’t Slowing Down
follow the money#Bitcoin pic.twitter.com/kZGdyNe1xg
—Thomas | heyapollo.com (@thomas_fahrer) March 13, 2024

Additionally, BlackRock plans to expand its cryptocurrency participation by including spot market BTC exposure in its proposed in-house investment fund, as detailed in a recent amendment to its prospectus filed with the U.S. Securities and Exchange Commission (SEC).

Bitcoin price bullish aims to continue bullish stance

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

Bitcoin price has been gradually rising since 2023 and continues to rise this year. The price hit resistance at $49,142 in January 2024, after which the price moved back slightly to the support area at $38,600. This pullback formed a handle pattern.

BTC bulls used this level to push the price even higher, aiming to maintain positive momentum, hitting a new all-time high (ATH) of $73,603.

Bitcoin is trading above its 50-day and 200-day simple moving average (SMA), confirming its bullish momentum. Additionally, the relative strength index (RSI) is 79, showing an upward trend within the overbought area, indicating strong buying pressure.

BTCAD BTCAD

The moving average convergence divergence (MACD) is also bullish, with the moving average line (blue) crossing the signal line (orange) indicating a bullish crossover. Investors often use bullish crossovers as a signal to add to long positions, which can push the price higher.

The green bar in the histogram also extends beyond the zero line, indicating that the current trend is moving with positive momentum. This is also supported by the Average Directional Index (ADX) trading upwards from the 57 level, indicating a very strong bullish trend.

Bitcoin price prediction

A long-term analysis of Bitcoin price shows that the price maintains continued bullish momentum. The bulls will try to take advantage of the cup and handle pattern, which could push the price towards the $85,000 level.

However, RSI is already above overbought territory, indicating that a price correction is imminent. In this scenario, bears could initiate selling that could push the price down to the $53,000 support zone, in line with the 50-day SMA.

Meanwhile, with BTC prices soaring, many experts say the new ICO Green Bitcoin could be the best cryptocurrency to buy now as Bitcoin halving approaches.

Green Bitcoin reaches $3.9 million. These are the best eco-friendly cryptocurrencies to buy.

that much Green Bitcoin (GBTC) More than $3.9 million was raised, working towards the goal of $4.171 million.

The project is capturing the attention of the cryptocurrency community by combining the prominence of Bitcoin with the environmental sustainability of the 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

GBTC is a greener alternative to Bitcoin and uses a Gamified Green Stake model to reward users after predicting the future price of Bitcoin.

Using a profit prediction feature, the project rewards users who guess whether the price of Bitcoin will rise or fall the next day.

Stake $GBTC and earn passively

There is an opportunity to earn passively through the project’s staking option. $GBTC token staking Earn an impressive Annual Percentage Yield (APY) of 126%. There are already nearly 4.6 million tokens staked.

According to YouTube channel Crypto Gains, Green Bitcoin has the potential to generate massive returns on investment after launch.

To participate in the pre-sale, purchase $GBTC at a discounted price of $0.8782 within 5 days.

Nothing can stop the green revolution!
Join the Green Bitcoin Presale Today pic.twitter.com/YgwUk11Ay8
— GreenBitcoin (@GreenBTCtoken) March 11, 2024

You can purchase $GBTC at: Official Green Bitcoin website Exchange ETH or USDT for $GBTC tokens. You can also make purchases directly using your bank card.