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<p>The Bitcoin price is down a fraction to trade for $65,745 as of 1:00 a.m. EST time as trading volume drops by nearly 40%.</p>
<p>As BTC fever cools for a while, investors like the nation of El Salvador are counting their profits. It now boasts gains upwards of <a href="https://bitcointreasuries.net/entities/48" target="_blank" rel="noopener noreferrer nofollow">$53 m</a>i<a href="https://bitcointreasuries.net/entities/48" target="_blank" rel="noopener noreferrer nofollow">llion</a>&nbsp;after Bitcoin soared 51% so far this year.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">JUST IN: 🇸🇻 El Salvador Bitcoin holdings hit record $164M as <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> profits pass $50M. <a href="https://t.co/5WWboEJfTt" rel="noopener noreferrer nofollow">pic.twitter.com/5WWboEJfTt</a></p>
 <p>— CryptoXpres (@Bit_belle) <a href="https://twitter.com/Bit_belle/status/1765617939179520439?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 7, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="el-salvador-s-bitcoin-journey">El Salvador’s Bitcoin Journey</h2>
<p>El Salvador’s journey with BTC goes back many years, but the country only embraced Bitcoin as a legal tender in 2022. The firm has endured bear markets and much criticism, but its patience is now beginning to pay off.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">At the bottom of the bear market, El Salvador started buying 1 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> per day 🇸🇻</p>
 <p>Today, <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> hit a new all time high.</p>
 <p>Strong hands 👏 <a href="https://t.co/b1ybaoCPK6" rel="noopener noreferrer nofollow">pic.twitter.com/b1ybaoCPK6</a></p>
 <p>— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1765143881853628632?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 5, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The South American country now holds around 2,380 BTC, worth approximately $158.5 million.</p>
<p>When Bitcoin hit a peak of $69,324 on March 5, El Salvador’s holdings were worth $164.7 million, marking a 53% increase on an aggregate cost basis. The average purchase price was $44,300 based on the current value.</p>
<h2 id="bitcoin-price-prognosis">Bitcoin Price Prognosis</h2>
<p>After a rejection from the $69,324 peak, the Bitcoin price remains bullish. It is attempting to retake this peak. The odds still favor the upside, keeping BTC well above the $65,000 threshold. Momentum is still rising, seen with the ascending Relative Strength Index (RSI).</p>
<p>The volume indicator is also showing growing histogram bars, which points to a strengthening bullish trend. Increased buying pressure could see the Bitcoin price clear the $69,324 peak, with the potential to extend past this blockade to hit the $70,000 psychological level. Such a move would constitute a 6% climb above current levels.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSDT_2024-03-07_08-57-29.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-486639 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSDT_2024-03-07_08-57-29.png" alt="Bitcoin" width="1273" height="546" srcset="https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSDT_2024-03-07_08-57-29.png 1273w, https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSDT_2024-03-07_08-57-29-300x129.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSDT_2024-03-07_08-57-29-1024x439.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSDT_2024-03-07_08-57-29-768x329.png 768w" sizes="(max-width: 1273px) 100vw, 1273px"></a></p>
<p><a href="https://www.tradingview.com/x/Y3dEvtL4/" target="_blank" rel="noopener noreferrer nofollow">TradingView: BTC/USDT 3-day chart</a></p>
<p>On the flip side, if traders start cashing in on the gains made so far, the Bitcoin price could drop towards the $65,000 threshold. In a dire case, the downtrend could send BTC all the way to the $60,000 psychological level. This move would denote a fall of nearly 8% below current levels.</p>
<p>Data according to IntoTheBlock’s Global In/Out of The Money (GIOM) metric shows there is little to no resistance for the Bitcoin price in its journey north. Instead, the pioneer cryptocurrency enjoys strong support downward.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/03/BTC-ITB.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-486640 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/03/BTC-ITB.png" alt="Bitcoin" width="1141" height="383" srcset="https://insidebitcoins.com/wp-content/uploads/2024/03/BTC-ITB.png 1141w, https://insidebitcoins.com/wp-content/uploads/2024/03/BTC-ITB-300x101.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/03/BTC-ITB-1024x344.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/03/BTC-ITB-768x258.png 768w" sizes="(max-width: 1141px) 100vw, 1141px"></a></p>
<p><a href="https://app.intotheblock.com/coin/BTC/deep-dive?group=financials&amp;chart=inAndOut" target="_blank" rel="noopener noreferrer nofollow">BTC GIOM</a></p>
<p>More closely, the In/Out of the Money Around Price (IOMAP) metric shows that the area between $64,042 and $65,997 provides strong support for the Bitcoin price. Any efforts to push the price lower than this level would be countered by strong buyer momentum by approximately 958,290 addresses that bought nearly 744,370 BTC tokens at an average price of $64,926.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/03/BTC-IOMAP.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-486641 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/03/BTC-IOMAP.png" alt="BTC IOMAP" width="1138" height="383" srcset="https://insidebitcoins.com/wp-content/uploads/2024/03/BTC-IOMAP.png 1138w, https://insidebitcoins.com/wp-content/uploads/2024/03/BTC-IOMAP-300x101.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/03/BTC-IOMAP-1024x345.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/03/BTC-IOMAP-768x258.png 768w" sizes="(max-width: 1138px) 100vw, 1138px"></a></p>
<p><a href="https://app.intotheblock.com/coin/BTC/deep-dive?group=financials&amp;chart=inAndOut" rel="noopener noreferrer nofollow">BTC IOMAP</a></p>
<p>While the Bitcoin price pushes to reclaim its peak, investors looking to diversify their gains can consider investing in <a href="https://insidebitcoins.com/visit/greenbitcoin" target="_blank" rel="noopener noreferrer nofollow">GBTC</a>. The project is still in the presale stage, with upwards of $2.140 million already in the bag out of a target objective of $2.247 million.</p>
<p><iframe title="GreenBTC New 10x Potential Low Market Cap Gem?! (BTC Alternative)" width="640" height="360" src="https://www.youtube.com/embed/VWvjq40oJNo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<h2 id="promising-alternative-to-bitcoin">Promising Alternative To Bitcoin</h2>
<p>GBTC is the token that powers the&nbsp;<a href="https://insidebitcoins.com/visit/greenbitcoin" target="_blank" rel="noopener noreferrer nofollow">Green Bitcoin</a>&nbsp;ecosystem, a cryptocurrency project that meets users where the legacy of Bitcoin and the eco-friendliness of Ethereum intersect. It is a predict-to-earn project where participants engage in daily and weekly BTC price prediction challenges for attractive rewards.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Introducing Green Bitcoin: A Revolutionary Predict-To-Earn Token.</p>
 <p>Join us on our Gamified Green Staking Platform, where your predictions can turn into profits!</p>
 <p>Website: <a href="https://t.co/dG5cEeCtRs" rel="noopener noreferrer nofollow">https://t.co/dG5cEeCtRs</a><br>Telegram: <a href="https://t.co/bWanoe0vHv" rel="noopener noreferrer nofollow">https://t.co/bWanoe0vHv</a> <a href="https://t.co/eXuGQBkxio" rel="noopener noreferrer nofollow">pic.twitter.com/eXuGQBkxio</a></p>
 <p>— GreenBitcoin (@GreenBTCtoken) <a href="https://twitter.com/GreenBTCtoken/status/1731315050349002862?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 3, 2023</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The project also showcases a unique, sustainable staking model dubbed <em>Gamified Green Staking</em>. Here, users get to earn passive income through staking rewards.</p>
<p>Users can earn by making accurate predictions about BTC prices. This model is intricately linked to Bitcoin’s price movements while maintaining an environmentally sustainable footprint.</p>
<p>The process involves staking GBTC, correlated with Bitcoin’s price activity and predictions, and waiting for the designated staking period before initiating claims.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">$2M raised!</p>
 <p>We couldn't be more thrilled to have you all along with us on this Green Revolution.</p>
 <p>We're building something huge! <a href="https://t.co/RDOvEyCyGW" rel="noopener noreferrer nofollow">pic.twitter.com/RDOvEyCyGW</a></p>
 <p>— GreenBitcoin (@GreenBTCtoken) <a href="https://twitter.com/GreenBTCtoken/status/1765404330780504122?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 6, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Buy Green Bitcoin’s GBTC tokens for rates as low as $0.6502 before a hike in about four days.&nbsp;Take advantage of the low price to buy GBTC at pocket-friendly rates as the token will never be this affordable again.</p>
<p><a href="https://insidebitcoins.com/visit/greenbitcoin" target="_blank" rel="noopener noreferrer nofollow">Visit Green Bitcoin to buy GBTC here</a>.</p>
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://www.linkedin.com/pulse/5-top-crypto-presales-2024-unveiling-most-anticipated-calsona-gxcce/" rel="noopener noreferrer nofollow">5 Top Crypto Presales 2024: Unveiling the Most Anticipated Opportunities!</a></li>
 <li><a href="https://insidebitcoins.com/news/prediction-heres-why-green-bitcoin-will-climb-10x-on-its-launch" rel="noopener noreferrer nofollow">Prediction: Here’s Why Green Bitcoin Will Climb 10X on its Launch</a></li>
 <li><a href="https://insidebitcoins.com/news/should-you-consider-adding-green-bitcoin-to-your-investment-portfolio-cilinix-crypto-presale-reviews" rel="noopener noreferrer nofollow">Should You Consider Adding Green Bitcoin To Your Investment Portfolio? Cilinix Crypto Presale Reviews</a></li>
 <li><a href="https://insidebitcoins.com/news/michael-wrubel-presale-review-of-green-bitcoin-can-this-new-crypto-ride-the-bitcoin-rally" rel="noopener noreferrer nofollow">Michael Wrubel Presale Review of Green Bitcoin – Can This New Crypto Ride The Bitcoin Rally?</a></li>
 <li><a href="https://insidebitcoins.com/news/predict-to-earn-gets-crypto-community-excited-thousands-rush-to-invest-in-green-bitcoin-gbtc-presale" rel="noopener noreferrer nofollow">Predict-To-Earn Gets Crypto Community Excited, Thousands Rush To Invest In Green Bitcoin (GBTC) Presale</a></li>
</ul>
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Bitcoin Price Prediction: El Salvador’s BTC Profits Surpass $50 Million As Analysts Say Consider This Green BTC Presale For 10X Gains

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