2024

Bitcoin

Green

Million

Rewards

<p><span style="font-weight: 400;">The Bitcoin price dropped 6% in the last 24 hours </span><a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">to trade at $63,911</span></a><span style="font-weight: 400;"> as of 03:20 p.m. EST on trading volume that surged 51% to $62 billion.</span></p>
<p><span style="font-weight: 400;">But late on Monday, Bitcoin (BTC) experienced a sudden collapse, plunging to as low as $8,900 on the cryptocurrency exchange BitMEX, even as its value remained above $60,000 on other platforms.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Someone just dumped 400+ BTC over 2 hours in 10-50 BTC clips on the XBTUSDT pair on Bitmex eating 30%+ slippage. They must've lost $4m+ at least. <a href="https://t.co/g64NRQ4h5a" rel="noopener noreferrer nofollow">pic.twitter.com/g64NRQ4h5a</a></p>
 <p>— syq (@syq) <a href="https://twitter.com/syq/status/1769845655462191282?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 18, 2024</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">The decline was short-lived, however, with prices swiftly recovering to $67,000 within just a few minutes.&nbsp;</span></p>
<p><span style="font-weight: 400;">The collapse came as a large sale order was made by a market participant who sold over 400 BTC on BitMEX.&nbsp;</span></p>
<p><span style="font-weight: 400;">Following the incident, BitMEX announced plans to investigate the large sell order to understand the dynamics behind the price fluctuation.</span></p>
<h2 id="span-style-font-weight-400-bitcoin-price-set-for-a-rally-over-the-ascending-triangle-span"><span style="font-weight: 400;">Bitcoin Price Set For A Rally Over The Ascending Triangle</span></h2>
<figure id="attachment_491080" aria-describedby="caption-attachment-491080" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-491080" src="https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSD_2024-03-19_11-20-50.png" alt="Bitcoin Price Chart Analysis Source: TradingView.com" width="1281" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSD_2024-03-19_11-20-50.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSD_2024-03-19_11-20-50-300x130.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSD_2024-03-19_11-20-50-1024x444.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSD_2024-03-19_11-20-50-768x333.png 768w" sizes="(max-width: 1281px) 100vw, 1281px">
 <figcaption id="caption-attachment-491080" class="wp-caption-text">
  BTCUSD Chart Analysis Source: TradingView.com
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</figure>
<p><span style="font-weight: 400;">The Bitcoin price gained massively in February and March, which saw it soar past its previous all-time high (ATH) of $69,000 to $73,737.</span></p>
<p><span style="font-weight: 400;">In the past seven days, the Bitcoin price has been falling from the upper boundary of the ascending triangle to breaching the lower boundary of the triangle.</span></p>
<p><span style="font-weight: 400;">However, the price remains well above the 200-day Simple Moving Average (SMA), which suggests that the price is still set for a bullish rally further up. If this momentum is sustained, it could see the price soar, and overcome the 50-day SMA hurdle.</span></p>
<p><span style="font-weight: 400;">Additionally, the Relative Strength Index (RSI) is trending downward within the oversold region at 32, which shows intense selling pressure.</span></p>
<h2 id="span-style-font-weight-400-bitcoin-price-prediction-span"><span style="font-weight: 400;">Bitcoin Price Prediction</span></h2>
<p><span style="font-weight: 400;">The Bitcoin price analysis shows that Bitcoin is currently on a downtrend, but with signs of a price reversal. BTC has been trading within the boundaries of the ascending triangle, which could support the likelihood of a price reversal, with the bulls aiming for $80,000.</span></p>
<p><span style="font-weight: 400;">Additionally, the RSI has already entered the oversold region, which may indicate an incoming price reversal to the upside, as the bulls may use this to position themselves for a possible rally. The 50-day SMA crosses above the 200-day SMA, forming a golden cross at $42,973, which adds to the bullish sentiments.</span></p>
<p><span style="font-weight: 400;">However, if the bears exert more pressure, the bulls may retreat to the critical support zone around $61,158, coinciding with the 200-day SMA. The support zone could act as a cushion against downward pressure.</span></p>
<p><span style="font-weight: 400;">Different analysts are also predicting BTC to retrace in a few days before the Bitcoin halving event in April.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a></p>
 <p>In 2 days, Bitcoin will officially enter the "Danger Zone" (orange) where historical Pre-Halving Retraces have begun</p>
 <p>Historically, Bitcoin has performed Pre-Halving Retraces 14-28 days before the Halving</p>
 <p>In 2020, this retrace was -20% deep</p>
 <p>In 2016, this retrace was -40%… <a href="https://t.co/rnKjznsGHk" rel="noopener noreferrer nofollow">pic.twitter.com/rnKjznsGHk</a></p>
 <p>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1769465412322766993?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 17, 2024</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">Meanwhile, there’s a new BTC derivative presale on the market that is capturing the attention of many traders.</span></p>
<h2 id="span-style-font-weight-400-green-bitcoin-presale-closes-in-on-6-48-million-target-span"><span style="font-weight: 400;">Green Bitcoin Presale Closes In On $6.48 Million Target</span></h2>
<p><span style="font-weight: 400;">The </span><a href="https://insidebitcoins.com/visit/greenbitcoin" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Green Bitcoin (GBTC)</span></a><span style="font-weight: 400;"> presale has already garnered almost $6.4 million in early funding as it races towards its target of $6.48 million.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">To celebrate $6M we’re launching our GBTC GIVEAWAYS!</p>
 <p>To enter, simply: Like + RT + Tag a friend!</p>
 <p>The first prize is a $200 GBTC Airdrop. THERE WILL BE MANY MORE! Winner will be announced in replies in 24hrs. <a href="https://t.co/k0sxIFOMnQ" rel="noopener noreferrer nofollow">pic.twitter.com/k0sxIFOMnQ</a></p>
 <p>— GreenBitcoin (@GreenBTCtoken) <a href="https://twitter.com/GreenBTCtoken/status/1769775587714039959?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 18, 2024</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">Green Bitcoin functions as an eco-friendly alternative to Bitcoin, focused on environmental sustainability. The project uses the Gamified Green Staking mechanism, where users get an opportunity to predict the price of Bitcoin and earn rewards.</span></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><span style="font-weight: 400;">The team has already allocated over 27% of the total token supply for rewards, ensuring a substantial pool of incentives for accurate BTC price predictions.</span></p>
<h2 id="span-style-font-weight-400-stake-gbtc-92-annual-rewards-span"><span style="font-weight: 400;">Stake $GBTC, 92% Annual Rewards</span></h2>
<p><span style="font-weight: 400;">The platform also allows its holders to earn passively through its staking option, where a 92% annual percentage yield (APY) is on offer. Holders simply </span><span style="font-weight: 400;">buy and hold their tokens</span><span style="font-weight: 400;">. Users on the platform have already staked over 6.2 million $GBTC tokens.</span></p>
<p><span style="font-weight: 400;">Matthew Perry, a popular YouTuber and crypto analyst, says he likes the predict-to-earn model and that ”I’m excited for what this could be.“</span></p>
<p><iframe title="🚨BRAND NEW PRESALE! Green #Bitcoin Is Turning Heads || Check It Out!!!" width="640" height="360" src="https://www.youtube.com/embed/9YlqD8bK0Mc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p><span style="font-weight: 400;">To participate in the presale, you can invest now for just $1.0682 before a price hike in less than four days.</span></p>
<p><span style="font-weight: 400;">You can purchase $GBTC tokens on </span><a href="https://insidebitcoins.com/visit/greenbitcoin" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">the official Green Bitcoin website</span></a><span style="font-weight: 400;">, where you can exchange ETH or USDT for $GBTC, or buy them directly with your bank card.</span></p>
<h2 id="span-style-font-weight-400-related-news-span"><span style="font-weight: 400;">Related News</span></h2>
<ul>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">How to Buy Bitcoin Online Safely</span></a></li>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/presale-crypto-list-top-upcoming-cryptocurrencies-invest-calsona-9m74e" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">🚀📈 PRESALE CRYPTO LIST: Top Upcoming Cryptocurrencies to Invest in 2024 🔥💰</span></a></li>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/what-crypto-presale-quick-guide-getting-ground-floor-new-calsona-mwpve" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">🚀🤑 What is a crypto Presale? A Quick Guide to Getting in on the Ground Floor of New Cryptocurrencies!</span></a></li>
</ul>
<p><span style="font-weight: 400;"> </span></p>
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      <li>Staking Rewards &amp; Token Bonuses</li>
      <li>$6+ Million Raised</li>
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Bitcoin Price Prediction: BTC Briefly Hit $8,900 On BitMEX After User Sold 400 Bitcoin, But The Green BTC Presale Rockets Towards $6.5M

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