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The Bitcoin price has surged 5.6% in the last 24 hours to trade at $65,050 as of 12:05 a.m. EST on trading volume that soared 113% to $46 billion.
Bitcoin’s price achieved a significant milestone, surpassing the psychologically important $65,000 mark as demand for the king of cryptocurrencies from spot Bitcoin ETFs and the upcoming halving in April combined to fire its price higher.
Bitcoin Price Races Towards Its $69,000 ATH
BTC/USDT Analysis by Tradingview
The Bitcoin price has been steadily climbing, surpassing the $60,000 resistance level and nearing its record high of $69,000. Consolidation at the $48,200 mark has given bulls a foundation to drive the price upward. Following a minor correction by bears, the bulls showcased their dominance by pushing the price back up, exceeding the $65,000 threshold.
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 Touch $80,000
The Bitcoin price could sustain its bullish momentum as bulls aim to reclaim BTC’s all-time high (ATH) at $69,000. If the momentum sustains it could reach a new all-time high at $80,000.
However, bears might take advantage of the RSI trading in the overbought level, which could trigger a downtrend, forcing the bulls to retreat to the $60,000 support zone.
If you missed the BTC surge, you can consider diversifying into Green Bitcoin (GBTC), a presale token that offers huge earnings via its gamified green staking model.
Investors Fuel GBTC Presale Surge Toward $1.7 Million Goal
The introduction of Green Bitcoin has sparked considerable enthusiasm among investors, who see it as a stride towards a more sustainable future for cryptocurrencies.
This excitement has resulted in a surge in demand for Green Bitcoin (GBTC), which has raised over $1.66 million and is racing towards its $1.7 million goal.
Green Bitcoin uses a so-called gamified green staking model that allows users to earn money by predicting Bitcoin prices through its unique Predict-to-Earn feature.
Those 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.
As #Bitcoin approaches all-time highs, everyone on your feed is making predictions.
But Green Bitcoin is the only place where you can STAKE and EARN on those predictions! pic.twitter.com/yGgux4u9b9
— GreenBitcoin (@GreenBTCtoken) February 16, 2024
Buy GBTC For A 10X Surge Potential On Investment
Green BTC presents the opportunity to earn more rewards by engaging in the GBTC staking option, where you can stake your tokens and earn passive income with an impressive 204% annual percentage yield (APY).
As #Bitcoin approaches all-time highs, everyone on your feed is making predictions.
But Green Bitcoin is the only place where you can STAKE and EARN on those predictions! pic.twitter.com/yGgux4u9b9
— GreenBitcoin (@GreenBTCtoken) February 16, 2024
The GBTC team has allocated 27.5% for staking rewards to be distributed over 2 years.
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
The project has also caught the attention of YouTuber and crypto analyst Jacob Bury, who predicts a potential 10X surge upon launch.
You can buy GBTC tokens at the current discounted price of $0.5742 each before it increases in less than four days.
To buy GBTC and participate in the presale, visit the official GBTC website to swap your ETH or USDT for GBTC tokens on your compatible digital wallet. You can also buy with your bank card.
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