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 The Bitcoin price dropped by a fraction of a percentage to trade at $62,091 as of 05:11 a.m. EST on trading volume that plunged 42% to $51 billion.
 This comes as JPMorgan predicts that the Bitcoin price will undergo a correction to $42,000 after the halving event. While historically the period after the Bitcoin halving has always seen a price rise, the investment bank sees a slump looming because of lower miner rewards, higher production costs, and thus lower miner profits.
 <h2 id="span-style-font-weight-400-bitcoin-price-bullish-aims-to-break-above-the-ascending-triangle-span">Bitcoin Price Bullish, Aims To Break Above The Ascending Triangle</h2>
 <figure id="attachment_485205" aria-describedby="caption-attachment-485205" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-485205" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201281%20555'%3E%3C/svg%3E" alt="Bitcoin Price Chart Analysis Source: Tradingview.com" width="1281" height="555" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/03/02/fc3d32d0a6a515f6be2b9f82481540ba.webp 1281w, https://cdn.thebittimes.com/images/2024/03/02/fc3d32d0a6a515f6be2b9f82481540ba.webp 300w, https://cdn.thebittimes.com/images/2024/03/02/fc3d32d0a6a515f6be2b9f82481540ba.webp 1024w, https://cdn.thebittimes.com/images/2024/03/02/fc3d32d0a6a515f6be2b9f82481540ba.webp 768w" data-lazy-sizes="(max-width: 1281px) 100vw, 1281px" data-lazy-src="https://cdn.thebittimes.com/images/2024/03/02/fc3d32d0a6a515f6be2b9f82481540ba.webp">
 <noscript><img decoding="async" class="size-full wp-image-485205" src="https://cdn.thebittimes.com/images/2024/03/02/fc3d32d0a6a515f6be2b9f82481540ba.webp" alt="Bitcoin Price Chart Analysis Source: Tradingview.com" width="1281" height="555" srcset="https://cdn.thebittimes.com/images/2024/03/02/fc3d32d0a6a515f6be2b9f82481540ba.webp 1281w, https://cdn.thebittimes.com/images/2024/03/02/fc3d32d0a6a515f6be2b9f82481540ba.webp 300w, https://cdn.thebittimes.com/images/2024/03/02/fc3d32d0a6a515f6be2b9f82481540ba.webp 1024w, https://cdn.thebittimes.com/images/2024/03/02/fc3d32d0a6a515f6be2b9f82481540ba.webp 768w" sizes="(max-width: 1281px) 100vw, 1281px">
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 <figcaption id="caption-attachment-485205" class="wp-caption-text">
 BTCUSD Chart Analysis Source: Tradingview.com
 </figcaption>
 </figure>
 The Bitcoin price has been on an upward trajectory this week, coming out of a consolidation of around $53,000. The $64,000 level has provided local resistance, a major barrier for the bulls to overcome.
 Bitcoin is still well above the 50-day and 200-day Simple Moving Averages (SMAs), which gives the bulls a positive outlook.
 The Relative Strength Index (RSI) is also bullish, trading at 56 as it heads north, showing some growing momentum towards intense buying pressure.
 <img decoding="async" class="alignnone size-full wp-image-485208" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201266%20258'%3E%3C/svg%3E" alt="Bitcoin MACD" width="1266" height="258" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/03/02/d0c768a4b69d316a74f49a039fe3552c.webp 1266w, https://cdn.thebittimes.com/images/2024/03/02/d0c768a4b69d316a74f49a039fe3552c.webp 300w, https://cdn.thebittimes.com/images/2024/03/02/d0c768a4b69d316a74f49a039fe3552c.webp 1024w, https://cdn.thebittimes.com/images/2024/03/02/d0c768a4b69d316a74f49a039fe3552c.webp 768w" data-lazy-sizes="(max-width: 1266px) 100vw, 1266px" data-lazy-src="https://cdn.thebittimes.com/images/2024/03/02/d0c768a4b69d316a74f49a039fe3552c.webp">
 <noscript><img decoding="async" class="alignnone size-full wp-image-485208" src="https://cdn.thebittimes.com/images/2024/03/02/d0c768a4b69d316a74f49a039fe3552c.webp" alt="Bitcoin MACD" width="1266" height="258" srcset="https://cdn.thebittimes.com/images/2024/03/02/d0c768a4b69d316a74f49a039fe3552c.webp 1266w, https://cdn.thebittimes.com/images/2024/03/02/d0c768a4b69d316a74f49a039fe3552c.webp 300w, https://cdn.thebittimes.com/images/2024/03/02/d0c768a4b69d316a74f49a039fe3552c.webp 1024w, https://cdn.thebittimes.com/images/2024/03/02/d0c768a4b69d316a74f49a039fe3552c.webp 768w" sizes="(max-width: 1266px) 100vw, 1266px">
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 The Moving Average Convergence Divergence (MACD) shows that BTC is currently set to rebound from the retrace, as the moving average line (blue) crosses slightly above the signal line (orange), a signal of a possible bullish crossover.
 Furthermore, the green bars are beginning to form above the zero line, indicating the start of positive momentum to the upside. The Stochastic Oscillator 14 3 3 line (green) is crossing above the trigger line (orange), confirming the bullish moving average crossover, a signal of a looming bullish trend.
 <h2 id="span-style-font-weight-400-bitcoin-price-prediction-is-70-000-possible-span">Bitcoin Price Prediction – Is $70,000 Possible?</h2>
 The Bitcoin price is trading around its pivot point at $60,824. BTC’s current 1-hour chart <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> shows that the bulls are ready to use this level to drive the price up, as they aim to breach the upper boundary of the ascending triangle.
 Additionally, the 50-day SMA is trading above the 200-day SMA, forming a golden cross at $51,627. The bulls may use this to soar the price higher, aiming at $70,000, as they overcome the all-time high (ATH) price at $68,000.
 However, if the bears take control of the price at this level, BTC may go down to the support level at $58,000.&nbsp;
 Meanwhile, as Bitcoin bulls look for more buying opportunities, some see the Green Bitcoin ($GBTC) ICO as a compelling, eco-friendly alternative to BTC.&nbsp;
 <h2 id="span-style-font-weight-400-green-bitcoin-a-promising-alternative-to-bitcoin-span">Green Bitcoin: A Promising Alternative To Bitcoin</h2>
 The Green Bitcoin (GBTC) is an eco-friendly version of Bitcoin, using the Gamified Green Staking model as a way to reward investors. The project brings together Bitcoin’s legacy with eco-friendly <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> that are characteristic of the Ethereum network.
 The gamified-staking model is making waves in the crypto space, with the traction evident in GBTC’s presale, which has already amassed over $1.34 million, as it closes in on its target of $1.47 million.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Introducing Green Bitcoin: A Revolutionary Predict-To-Earn Token.
 Join us on our Gamified Green Staking Platform, where your predictions can turn into profits!
 Website: https://t.co/dG5cEeCtRs Telegram: https://t.co/bWanoe0vHv pic.twitter.com/eXuGQBkxio
 — GreenBitcoin (@GreenBTCtoken) December 3, 2023
 </blockquote>
 
 Through the green-staking model, you can easily earn rewards when you predict the future price of Bitcoin. To join the presale, buy $GBTC at a discounted price of $0.5362. That price will, though, rise in less than four days so act now to secure the best deal.
 <h2 id="span-style-font-weight-400-stake-gbtc-239-annual-rewards-span">Stake $GBTC, 239% Annual Rewards</h2>
 Green Bitcoin also has a staking option that earns passive income. You can stake your $GBTC tokens for an impressive 239% annual percentage yield (APY). There are already over 2.4 million $GBTC tokens that have been staked.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Did you know you can earn HUGE, simply by staking your Green Bitcoin?
 If you haven't yet, go to our website and check out the Staking feature! pic.twitter.com/6wiv99ER0O
 — GreenBitcoin (@GreenBTCtoken) February 25, 2024
 </blockquote>
 
 You can also earn through the project’s Predict-to-Earn feature, where you only need to participate in daily BTC price prediction challenges. Rewards are distributed every 10 minutes, with $GBTC acting as the reward token.
 According to CryptoNews, a prominent YouTube channel, Green Bitcoin has the potential to surge 10X on launch.
 
 <div class="rll-youtube-player" data-src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/DyG10GIJFNc" data-id="DyG10GIJFNc" data-query="feature=oembed" data-alt="The Hottest 100x Opportunity in Crypto! 🐸💰 Get in Early or Regret Later!"></div>
 <noscript><iframe title="The Hottest 100x Opportunity in Crypto! 🐸💰 Get in Early or Regret Later!" width="640" height="360" src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/DyG10GIJFNc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
 </noscript>
 
 To participate in the presale, you can buy $GBTC from the official Green Bitcoin website and exchange ETH or USDT for $GBTC tokens. You can also buy directly using your bank card.
 <h2 id="span-style-font-weight-400-related-news-span">Related News</h2>
 <ul>
 <li style="font-weight: 400;" aria-level="1">How to Buy Bitcoin Online Safely</li>
 <li style="font-weight: 400;" aria-level="1">🚀 Dogecoin Price Prediction: Will DOGE Reach $1 in 2024? 🐶💰</li>
 <li style="font-weight: 400;" aria-level="1">Upcoming Crypto Presales: Unlock Early Investment Opportunities! 🚀🌟</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-price-prediction-jpmorgan-says-btc-could-slump-to-42k-after-the-bitcoin-halving-but-might-green-bitcoin-be-the-next-crypto-to-explode-tbt81315.html">https://thebittimes.com/bitcoin-price-prediction-jpmorgan-says-btc-could-slump-to-42k-after-the-bitcoin-halving-but-might-green-bitcoin-be-the-next-crypto-to-explode-tbt81315.html</a>
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Bitcoin Price Prediction: JPMorgan Says BTC Could Slump To $42k After The Bitcoin Halving, But Might Green Bitcoin Be The Next Crypto To Exp...

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