The price of Bitcoin has risen by 6% in the past 24 hours and is currently trading at $67,361, while trading volume has fallen by 12% to $57 billion. Meanwhile, spot Bitcoin exchange-traded funds (ETFs) have seen net outflows for the third consecutive day, with outflows of $261.5 million on March 20, $154.3 million on March 18 and $326.2 million on March 19, respectively.
Since March, the price of Bitcoin has been rising steadily, reaching as high as $73,737, which served as the highest resistance level. The pullback allowed the bears to take control of the price, forming a retracement of the descending wedge pattern.
Bitcoin bulls found support at $60,731, paving the way for a move back towards the $68,244 resistance. Bitcoin price is also trading above the 50-day and 200-day simple moving averages, which is a confirmation of a possible uptrend and sustained bullish momentum.
Moreover, the relative strength index (RSI) is trading above the midline level of 59, showing that the price still has further to rally. If the bullish momentum is maintained, the RSI could surge into the overbought zone above 70, indicating strong buying pressure.
The current trend of the RSI is further supported by the Average Directional Index (ADX), which is trading above the 20 level, indicating a strong uptrend.
Moreover, the 14 3 3 line (green) of the Stochastic Oscillator crossed above its trigger line (orange), indicating a bullish moving average crossover, further supporting the impending buying and upward momentum.
Bitcoin price analysis shows continued bullish momentum as bulls aim to remain above the falling wedge pattern. The RSI and Stochastic Oscillator provide a positive outlook for the bullish oscillators, which now have a target of $72,000.
However, the Stochastic Oscillator has crossed the overbought level of 70, which could mean that the price could experience a short-term correction. In this case, $66,000 would act as an immediate support.
Historically, Bitcoin has seen a drop in the days leading up to the halving, and a similar trend has been seen as the current event enters its final 30 days. Analysts also predict a price correction before the event, followed by a rebound afterward.
Meanwhile, the Green Bitcoin presale program is emerging as an attractive alternative way to participate in the Bitcoin bull run fueled in part by the upcoming halving event.
The Green Bitcoin (GBTC) presale continues to attract attention, with early funding exceeding $7.3 million of the $7.4 million goal. The Green Bitcoin presale is only $400,000 away from being filled!
Green Bitcoin is an environmentally friendly alternative to Bitcoin that combines Bitcoin’s heritage with the environmental awareness of the Ethereum blockchain. The project introduces gamified green staking, allowing users to earn generous rewards and token dividends.
By predicting the daily price fluctuations of Bitcoin, you can earn rewards through the Green Staking Model. Holders will receive rewards based on accuracy and staked amount.
You can also earn income passively through Green Bitcoin, where you can earn an annualized yield of 86% by staking GBTC. Holders on the platform have staked more than 6.7 million GBTC tokens.
Cryptocurrency analyst and YouTuber Matthew Perry said the project’s prediction earning model has good potential.
If you want to participate in the pre-sale, you can invest at a price of $1.1062 within 3 days.
You can buy GBTC tokens on the official Green Bitcoin website, you can exchange GBTC tokens with ETH or USDT, or buy them directly with a bank card.
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