Bitcoin prices have risen slightly over the past 24 hours and are currently trading at $63,857.08 as of 9:05 a.m. ET. Investors are cautiously accumulating cryptocurrencies.
In the past seven days, Bitcoin has experienced an adjustment of 12%. According to the statement on March 19, MicroStrategy purchased 9,245 bitcoins between March 11 and March 18 with $623 million in cash.
After the latest purchase, the company’s total bitcoin holdings reached 214,246, which is 1% more than the total supply of Bitcoin of 21,000,000.
Bitcoin price rebounds to key support level
The Bitcoin price has rebounded above the $61,481.65 support level in the past 12 hours. If the bulls continue to drive the market leader’s price higher, it might try to retake the position above $65,847.29 in the next 48 hours. A 4-hour candle close above this important price point could give Bitcoin the basis to continue its climb higher. In this more bullish scenario, Bitcoin might try to turn the $68,863.99 resistance into support and then possibly rise to $72,564.10 in the near term.
This bullish thesis may be invalidated if the Bitcoin price drops below $61,481.65 in the next 24-48 hours. A break below this critical level could put Bitcoin at risk of a downside correction that could lead to a drop to the $57,758.63 support level.
Bitcoin price is triggering a major bullish technical signal
Traders and investors will be closely watching technical indicators on Bitcoin’s 4-hour chart. The Moving Average Convergence Divergence (MACD) indicator is about to trigger a major bullish technical signal as the MACD line attempts to cross above the MACD signal line.
Meanwhile, the relative strength index (RSI) recently triggered a bullish technical signal. Over the past 24 hours, the RSI line on the 4-hour chart rose above its simple moving average (SMA) line. This is generally seen as a sign that buyers have the upper hand in their fight against sellers, which could lead to an increase in Bitcoin prices over the next 48 hours. If the MACD line crosses over the MACD signal line, indicating that Bitcoin has entered a bullish phase, this could be a potential confirmation of this positive move.
As traders try to push up the price of Bitcoin, investors are rushing to participate in the Green Bitcoin presale.
Another opportunity to buy Bitcoin early
Bitcoin has become a hot topic over the past few weeks as it has set two new all-time highs in a short period of time.
Despite Bitcoin’s impressive performance, its growth potential is far lower than when Bitcoin was first launched. This has led many investors to try to find the next digital asset that can achieve the same amazing growth that Bitcoin has achieved since its launch.
Green Bitcoin is an eco-friendly alternative to the market leader and could be the next cryptocurrency gem.
Green Bitcoin is a greener version of the leading cryptocurrency. To achieve this, the team launched the cryptocurrency on the Ethereum Proof-of-Stake blockchain.
This particular consensus mechanism is computationally cheaper than the traditional proof-of-work consensus mechanism used by Bitcoin. In addition to having a lower environmental impact, the token is also priced at only $1.1062.
Given Bitcoin’s recent rally, retail investors may soon turn to cheaper Bitcoin derivative projects like GreenBitcoin that have a higher potential to surge in the near term.
Investors have recognized GreenBitcoin’s potential for explosive growth, and its ICO is approaching the $7 million milestone, having raised $6.86 million.
To celebrate raising $6 million, we’re launching a GBTC giveaway!
It’s easy to participate: Like + Retweet + Tag a friend!
First prize is a $200 GBTC airdrop. More to come! The winner will be announced in 24 hours on reply.
pic.twitter.com/k0sxIFOMnQ
– GreenBitcoin (@GreenBTCtoken)
March 18, 2024
Additional rewards for token holders
As an Ethereum-based project, Green Bitcoin holders can also earn passive income through staking. During the pre-sale period, those who purchase and stake Green Bitcoin's token GBTC can receive an annual reward of up to 89%.
Nothing can stop the Green Revolution!
Join the Green Bitcoin Presale Now
pic.twitter.com/YgwUk11Ay8
— GreenBitcoin (@GreenBTCtoken)
March 11, 2024
But Green Bitcoin’s staking model differs from other similar initiatives because it introduces a gaming element.
Investors can not only earn returns based on the number of tokens locked, but also receive additional rewards by participating in the project’s Bitcoin price prediction challenge.
To win these additional prizes, token holders must accurately predict the price of the leading cryptocurrency within a specific “green zone.”
Learn more about GBTC and buy it
here
.
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Green Bitcoin - Gamified Green Staking
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Predict to Earn Rewards - Featured on Cointelegraph
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