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The Bitcoin price has pumped 2.6% in the last 24 hours to trade at $66,687 as of 7:05 a.m. EST on a 68% surge in trading volume to $78 billion.
Bitcoin is on the verge of reaching its all-time high price as markets turn ultra bullish, as indicated by the Crypto Fear & Greed Index surging to 90.
Such a high reading indicates ”extreme greed” among investors and suggests the market is due for a correction because traders have become ”too greedy.”
Bitcoin Price Could Touch Its $69,000 All-Time High
BTC/USDT Analysis by Tradingview
The Bitcoin price has surged dramatically, rapidly approaching its all-time high of $69,000. Following a brief consolidation period around the $48,200 level, the bulls demonstrated their dominance by driving the price up, surpassing the November 2021 high at the $65,000 mark.
The bulls have also pushed the price above the 50-day and 200-day simple moving averages (SMAs), confirming the bullish outlook with the support of the golden cross at $28700.
The Relative Strength Index (RSI) currently trades at 83, above the overbought level region 70, indicating intense buying pressure. Pushing the RSI further into the overbought zone could sustain the bullish outlook for the Bitcoin price.
Bitcoin Price Might Cross Its $69,000 ATH
The Bitcoin price is bullish bias poised to reclaim its all-time high (ATH) at $69,000. Increased buying pressure could see the Bitcoin price shatter $69,000 ATH, with the possibility of extending the gains to the $72,000 psychological level marking a new all-time high.
The Relative Strength Index (RSI), still northbound, could help the bears trigger a downtrend, forcing the bulls to retreat to the $60,000 support zone.
With the crypto market buzzing from Bitcoin’s push towards a new ATH, some investors are considering diversifying into Green Bitcoin (GBTC), a BTC-inspired token that offers its gamified green staking model.
GBTC Presale Surges Towards $2 Million Goal
The Green Bitcoin presale has surged to $1.8 million in funds raised as it offers investors a more eco-friendly alternative to Bitcoin
It combines the reputation of Bitcoin with the environmental sustainability of the Ethereum blockchain.
Utilizing Ethereum’s Proof-of-Stake (PoS) consensus mechanism, Green Bitcoin significantly lowers the energy consumption linked to Bitcoin’s Proof-of-Work (PoW) model.
This effectively tackles the issue of carbon associated with Bitcoin.
Its gamified green staking model enables users to earn profits by utilizing its distinctive Predict-to-Earn feature by forecasting the Bitcoin price.
Green Bitcoin is now NUMBER 1 on the list of BEST CRYPTO PRESALES!https://t.co/Ng4Su8wA0W
— GreenBitcoin (@GreenBTCtoken) February 27, 2024
Stakers who make successful predictions will earn rewards based on the accuracy of the forecast and the amount staked. This gamified approach resets daily, ensuring continuous engagement and participation.
Buy GBTC Now, Enjoy Staking Rewards For Passive Income
Investors can also engage in the GBTC staking option, where they stake tokens to earn a passive income with an impressive 194% annual percentage yield (APY).
The GBTC team has allocated 27.5% of tokens for staking rewards to be distributed over two years. Currently, over 2.9 million GBTC tokens are already staked.
The experts weigh in on GBTC!
Bitcoin Price to Hit $200,000 by 2025: Standard Chartered – Can Green Bitcoin Outperform BTC?https://t.co/w2mT4kp0fo
— GreenBitcoin (@GreenBTCtoken) February 19, 2024
YouTuber and crypto analyst Jacob Bury ranks GBTC as one of the top 5 presales available right now and says it has the potential to explode 10X on launch.
GBTC tokens are available for just $0.6122, but there will be a price hike in slightly more than four days. Investors who are interested should buy soon to lock in the lowest price.
Visit the official GBTC website to swap your ETH or USDT for GBTC tokens on your compatible digital wallet and participate in the presale. You can also buy with your bank card.
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