Greed

Bitcoin ETF

Bitcoin

Green

Captain

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. 
Bitcoin is close to reaching an all-time high, trading just below $69k, amid mixed analyst sentiments and the launch of a new project. 
Bitcoin is on the brink of setting a new all-time high, with its price currently at $68.3K, a mere 0.83% shy of its record peak. The cryptocurrency has seen a significant increase, rising over 7% in the past day, raising anticipation of surpassing the previous $69K high soon. 
Meanwhile, CoinMarketCap’s Fear and Greed Index is at 90, showing that the market is in a state of “extreme greed.” 
This has led some analysts to predict a potential sell-off, with Captain Faibik <a href="https://x.com/CryptoFaibik/status/1764864549717414155?s=20" target="_blank">warning</a> that he is “expecting a shake out soon.” 
 You might also like: <a href="https://crypto.news/bitcoin-liquidate-69000-2024/"> Bitcoin traders liquidate $142m an hour after hitting $69k </a> 
<img loading="lazy" decoding="async" width="624" height="635" src="https://lh7-us.googleusercontent.com/2X6lwT_F9Shjfl9PPBjfM8nPROcY5-G6mCDrPgSIPXPEbHJSOsfEKBZ_sjjZWG19XNAOwhqxNHKdqvcOMIn_FcQvwpEwzSEoNNPbPw86BuGivOz0RXX78oZyLrahjXUqvO_vSQ7l24gpTlaB3Iz_ioc" alt="Bitcoin nears new high; new project offers rewards for BTC prediction - 15"> 
Similarly, Ali Martinez holds a neutral outlook, alluding to short-term consolidation but long-term growth. 
In a recent tweet, Martinez <a href="https://x.com/ali_charts/status/1764785140222554331?s=20" target="_blank">noted</a> that the TD Sequential Indicator, a tool used to identify trend reversals, issued a Bitcoin sell signal on the 4-hour time frame. Based on this, we can expect a short-term pullback for BTC. 
<img loading="lazy" decoding="async" width="624" height="653" src="https://lh7-us.googleusercontent.com/mLITCgJwtSFRcOyo2AuuOuNd11HcjCewZlnIjsk2UM4GtZhVxiopFRVPg0ht26dkGWCnzvyIyEyyc9jJroy_Gfq2g3GjJvy3BOqJ-hUoX1Al3oMS-iSks7QlLFSygsNJWdGRy9vNzykWAbtdfkuLoWw" alt="Bitcoin nears new high; new project offers rewards for BTC prediction - 16"> 
However, the analyst also <a href="https://x.com/ali_charts/status/1764669751924555884?s=20" target="_blank">points out</a> that the amount of wallets holding over 1,000 BTC is continually increasing as the Bitcoin price rises. 
Martinez describes Bitcoin whales as being on an “accumulation spree” and “hoarding more BTC.” 
<img loading="lazy" decoding="async" width="624" height="617" src="https://lh7-us.googleusercontent.com/ogfU4vAIr_XJSQgkQE26dGvASOXp8HZkBbIsfszaKFxtCDGi-lKSkdGH8fjHO8JzM8Exvgsb_gRGy_ldkyMYqUrGTB7EUbQ31fveeIHjr_yqUro1S04W1jwP3PJ3NtZWiCrrVRLnrfNrq47UMsP3KeI" alt="Bitcoin nears new high; new project offers rewards for BTC prediction - 17"> 
Meanwhile, other analysts believe Bitcoin may not retrace, instead speculating it could break its ATH and continue to rally. 
Prominent analyst Kaleo recently <a href="https://x.com/CryptoKaleo/status/1764804325182775392?s=20" target="_blank">weighed in</a> on X, comparing the current market conditions and December 2020. 
“This pump has the same feel as December of 2020 when Bitcoin was approaching ATHs at $20K, and didn’t look back after it broke above it,” he wrote. 
Bitcoin’s rally towards its ATH before the halving is an unprecedented event, led mainly by institutional demand from spot ETFs. According to the latest <a href="https://x.com/Swan/status/1764771432029204765?s=20" target="_blank">data</a>, yesterday’s Bitcoin ETF trading volume was the second highest so far, at $5.5 billion. 
 You might also like: <a href="https://crypto.news/bitcoin-etfs-under-review-by-south-korean-regulators-fss-governor-shares-insights/"> Bitcoin ETFs under review by South Korean regulators, FSS governor shares insights </a> 
<img loading="lazy" decoding="async" width="624" height="451" src="https://lh7-us.googleusercontent.com/j4CvsKDqbPf1jc-eAVnjmgFRGIGEjfiiljcxBqLWVmE_QphouKb-hA62vzSPkdrDKag8mx-fa2p7pfibpqz1TO6Pyo1cVqtafeIa2fMqOyCj10c7QKDOiEX99rGCohEfpU_Dk6WyUPNnyEQiBG3cxa8" alt="Bitcoin nears new high; new project offers rewards for BTC prediction - 18"> 
But while Bitcoin has taken center stage, analysts anticipate a liquidity rotation to altcoins as the market advances. 
YourFriendSommy <a href="https://x.com/yourfriendSOMMI/status/1764869606886543791?s=20" target="_blank">noted</a> that the Bitcoin ETF is the “Fastest growing ETF of all time” and says it is time to “wait for the fastest growing altseason blow-off of all time.” 
<img loading="lazy" decoding="async" width="624" height="328" src="https://lh7-us.googleusercontent.com/7Bm8vsqrZI2JjATDSovUke7NpX5kPVs_fiC2AvsFejNFtxdhiFQoUkPxILKaMs0Z1e2nGVrD0V1kUqWMD7NvswTtaImfVNH87lfay0nkWPkjcJKwWW8IHblzf84dA5viyGP-zUSYrvB1jgouX96H2f4" alt="Bitcoin nears new high; new project offers rewards for BTC prediction - 19"> 
<h2 class="wp-block-heading" id="strong-predict-to-earn-green-bitcoin-strong-at-presale">Predict-to-earn Green Bitcoin at presale</h2> 
Amid Bitcoin’s spotlight, the new Ethereum-based <a href="https://bs_e8dcc28c.crypto-news.care?referrer=bitcoin-on-verge-of-hitting-new-ath-as-new-green-bitcoin-project-offers-rewards-for-predict-btc-price" target="_blank" rel="noopener">Green Bitcoin</a> project has introduced a predict-to-earn model, allowing users to forecast Bitcoin’s price movements for rewards. 
The project has quickly attracted attention, raising over $1.7 million in its initial coin offering (ICO). 
Its flagship utility is a predict-to-earn mechanism, inviting users to guess whether Bitcoin’s price will rise or fall the next day. Those who guess correctly will earn rewards, with its website noting up to 100% bonuses are at play. 
To enter, users must stake their $GBTC tokens, providing a hard-wired utility and a means to reduce the token’s sell pressure. 
The staking mechanism also offers a greener alternative to Bitcoin’s mining mechanism, meaning users can earn rewards without wasting computational energy. 
Green Bitcoin is native to the Ethereum blockchain, meaning that $GBTC could integrate into DeFi, gaming, or gambling projects, and more. 
Potential investors can buy Green Bitcoin for $0.6122, but this price will rise throughout the presale, with the next uptick in four days. 
 Read more: <a href="https://crypto.news/raffle-coin-gains-traction-amid-usdc-and-eth-surge-as-btc-halving-nears/"> Raffle Coin gains traction amid USDC and ETH surge as BTC halving nears </a> 
 Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Bitcoin nears new high; new project offers rewards for BTC prediction

목차

crypto.news

2024년 3월 6일에 게재된 다른 기사

Bitcoin and Cryptocurrency Prices Fluctuate Following Employment Data Release

Cryptocurrency Market Sees a Mixed Bag as Bitcoin Recovers and Altcoins Show Varied Performance

Major Crypto Events in March That Could Influence Bitcoin and Altcoin Price

Binance temporarily suspends Solana network withdrawals, citing ‘increased volume’

Ripple Analyst Sets $1 Target for XRP, Citing Strength of These Key Indicator

Elon Musk’s xAI Corp. Seeks Software Engineers for London Office Expansion

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!