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Bitcoin’s price has set new records all-time high The (ATH) has been trading at $71,501.05 since 9:55 am EST, as traders took profits.
In a statement made on March 11, former US president Donald Trump, who is the Republican’s leading candidate in November, stated that. interview He sometimes works with CNBC “fun” He calls it Bitcoin because he allows people to pay him with Bitcoin. “an additional form of currency.”
Bitcoin price is trying to break through another major resistance![BINANCE:BTCUSDT Chart Image by StevenWalgenbach](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/Bitcoin-Price-Prediction-BTC-Sets-New-ATH-Above-72K-As.png)
Chart for BTC/USDT in 4 hours (Source: TradingView)
You can also find out more about the following: Bitcoin Price is trying to breach the $72,380 resistance level. It may be able to maintain its upward trend in the 48-hour period if it is able to close the 4-hour candle over this level. If BTC fails to break through the $72,380 level in the next 8 hours, this bullish hypothesis could be nullified.
The Bitcoin price could be at risk in this scenario of a correction to $68,900, which is the level that provides immediate support. It is important to keep an eye on this level, as it coincides with the medium-term trendline that’s formed in charts of leading crypto. A break below this important price level could result in BTC falling to $65,600 within the next 48 hours. If the scenario is extremely negative, BTC could drop to $62,600 within 48 hours.
Bitcoin price may continue to rise, according to technicals
The Technical Indicators on BTC’s Bitcoin’s price could continue to rise in the future, according to a 4-hour chart. next 48 hours. Moving Average Convergence Divergence and Relative Strength Index both indicate bullish.
MACD Line crossed MACD Signal recently. The traders generally view this as an indication that the crypto market has begun to move in a more positive direction. RSI also broke above the Simple Moving Average line (SMA). The RSI is a good indicator that shows buyers have the advantage over sellers.
Bitcoin is currently trying to surpass another important resistance level. Investors have rushed to purchase Bitcoin. Green Bitcoin As its presale exceeds $3.2 Million.
BTC and ETH: Combining the benefits
Green Bitcoin (ERC-20) is a version of BTC but it is not linked to the current market leader. The goal of the project is to combine Ethereum’s environmentally-friendly Proof of Stake protocol with BTC’s market dominance.
Investors can also take part in an independent staking system that does not depend on third-parties.
Raised $3 Million!
Green Bitcoin has reached a major milestone. Green Bitcoin is still in presale–Get yours now! pic.twitter.com/46Jj7r0PDU
— GreenBitcoin (@GreenBTCtoken) March 10, 2024
Green Bitcoin’s stake program is different from most other programs on the market. It offers token owners the opportunity to earn bonuses through engagement with the platform.
Green Bitcoin token holders can take part in Green Bitcoin daily and weekday challenges. The only thing token holders need to do in order to earn bonuses and rewards of up to 100% will be to try to guess the future movement of BTC.
BTC’s strong performance will lead to a huge increase in potential
Launch of Bitcoin ETFs in the US began this year, opening the mainstream to the use of Bitcoin. financial Bitcoin, and the wider crypto-space. BTC has seen its price rise steadily since the release of these products. BTC’s price has been on a strong upward trajectory since the launch of these investment products.
BTC is expected to continue rising in price as more banks, brokers, and wealth management platforms offer BTC ETFs to their customers.
It may cause BTC to rise in price, and become prohibitively high for average retail investors. This will force them into altcoins with lower prices that are linked to BTC.
Green Bitcoin is a cryptocurrency that focuses on the environment and has incorporated a predict-to earn mechanism to help forecast Bitcoin prices.
GBTC may be purchased here.
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“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: insidebitcoins.com