Bitcoin Price Prediction: The green-tinted Bitcoin alternative breaks through $5 million as MicroStrategy expands debt offering to buy more Bitcoin.

Bitcoin prices fell 2.6% in the past 24 hours and are trading at $68,929 as of 7:15 PM EST. Trading volume increased 31% to $78.3 billion. The drop in Bitcoin prices came as MicroStrategy, the company founded by long-time Bitcoin bull Michael Saylor, increased the size of its convertible senior notes offering from $500 million to $525 million to buy more Bitcoin. The company already owns 205,000 Bitcoins worth nearly $14 billion.
Bitcoin price expected to remain bullish
Bitcoin price has been rising steadily, breaking the $69,000 resistance level and reaching a new all-time high of $73,737 this week. The formation of a cup-with-handle pattern further provides upside potential that could allow bulls to increase the price.
However, as evidenced by the red candles, Bitcoin may be experiencing some bearish effects, allowing bears to push prices lower in a correction phase.
Through technical indicator analysis, the 50-day and 200-day simple moving averages (SMAs) support the price of Bitcoin. In addition, the 50-day SMA crossed the 200-day SMA, confirming the bullish momentum.
Moreover, the relative strength index (RSI) is trading in the 64 zone, bouncing towards the overbought territory. If the bulls maintain their bullish stance, the RSI can easily break above the 70 overbought zone, indicating increasing buying pressure.
Bitcoin price could surge above $80,000
The formation of a cup with handle pattern further provides upside potential that could allow bulls to add to the price.
However, if the current correction persists, the price could drop back to $60,000.
For investors worried about this pullback, there is another great way to participate in the Bitcoin bull run. It’s called Green Bitcoin, and its presale is rapidly accelerating.
Green Bitcoin pre-sale target to reach $5.3 million
The Green Bitcoin (GBTC) presale has raised $5.1 million in early funding and is rapidly approaching its $5.3 million goal.
This is an incredible achievement for the future of cryptocurrency, and our incredible community!
Cheers for Green!
Image credit: GreenBitcoin (@GreenBTCtoken) March 13, 2024
Green Bitcoin is an environmentally friendly alternative to Bitcoin that combines Bitcoin's heritage with the more environmentally friendly Ethereum blockchain. The project offers users the opportunity to predict Bitcoin prices and earn rewards through a gamified green staking model.
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Website: https://t.co/dG5cEeCtRs
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Image credit: GreenBitcoin (@GreenBTCtoken) December 3, 2023
Stakers who successfully predict the future will receive rewards based on the accuracy of their predictions and the amount staked.
Buy and stake $GBTC, annual return rate 107%
You can also earn income through the platform’s staking option passively, which provides an annualized yield of 107%.
According to well-known cryptocurrency YouTuber Matthew Perry, Green Bitcoin has the potential to break out when it launches.
The price of $GBTC token is $0.9922 each and there will be a price increase in about four days, now is the best time to buy.
Visit the official GBTC website, use a compatible digital wallet to exchange GBTC tokens with ETH or USDT, and participate in the pre-sale. You can also purchase with a bank card.
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Green Bitcoin – Gamifying Green Staking
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