Bitcoin

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<p><span style="font-weight: 400;">The Bitcoin price dropped 7% 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 $68,336</span></a><span style="font-weight: 400;"> as of 03:14 a.m. EST on trading volume that surged 74% to $78.81 billion.</span></p>
<p><span style="font-weight: 400;">This comes after Arkham Intelligence revealed that Grayscale had shifted around $400 million in Bitcoin to its custodian Coinbase, adding to selling pressure on the king of cryptos. </span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Bitcoin dips below $69,000 as Grayscale transfers over $400 million in <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> to Coinbase. <a href="https://t.co/sdN6ZnwdAr" rel="noopener noreferrer nofollow">pic.twitter.com/sdN6ZnwdAr</a></p>
 <p>— CoinXander (@CoinXander) <a href="https://twitter.com/CoinXander/status/1768397254312784027?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 14, 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;">Additionally, data from the Labor Department’s Bureau of Labor Statistics shows that the producer price index went up by 0.6% last month, indicating that the Federal Reserve is less likely to cut interest rates.</span></p>
<h2 id="span-style-font-weight-400-bitcoin-price-set-for-a-rebound-within-the-rising-channel-span"><span style="font-weight: 400;">Bitcoin Price Set For A Rebound Within The Rising Channel</span></h2>
<figure id="attachment_489430" aria-describedby="caption-attachment-489430" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-489430" src="https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSD_2024-03-15_11-14-05.png" alt="Bitcoin Price Chart Analysis Source: Tradingview.com" width="1281" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSD_2024-03-15_11-14-05.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSD_2024-03-15_11-14-05-300x130.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSD_2024-03-15_11-14-05-1024x444.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/03/BTCUSD_2024-03-15_11-14-05-768x333.png 768w" sizes="(max-width: 1281px) 100vw, 1281px">
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  BTCUSD Chart Analysis Source: TradingView.com
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<p><span style="font-weight: 400;">The Bitcoin price has been in a continuous gain this year, following the approval of the spot Bitcoin ETFs, which have been recording massive inflows, affecting positively the trend of the BTC price.</span></p>
<p><span style="font-weight: 400;">BTC bulls have sustained the momentum, driving the price through a rising channel, hitting an all-time high (ATH) of $73,737. However, the bears took control here, driving the price down through a 9.98% retrace.</span></p>
<p><img decoding="async" class="alignnone size-full wp-image-489432" src="https://insidebitcoins.com/wp-content/uploads/2024/03/ADX.png" alt="ADX" width="1263" height="178" srcset="https://insidebitcoins.com/wp-content/uploads/2024/03/ADX.png 1263w, https://insidebitcoins.com/wp-content/uploads/2024/03/ADX-300x42.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/03/ADX-1024x144.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/03/ADX-768x108.png 768w" sizes="(max-width: 1263px) 100vw, 1263px"></p>
<p><span style="font-weight: 400;">However, BTC is still trading over the 200-day Simple Moving Average (SMA), which still confirms the upward movement of the price. If this long-term bullish momentum is sustained, BTC would overcome the 50-day SMA, affirming the continued bullish rally.</span></p>
<p><span style="font-weight: 400;">Additionally, the Relative Strength Index (RSI) is also trading below the 30-oversold level, which signals intense selling pressure, coinciding with the current retrace but with signs of a rebound. The rebound is further supported by the upper movement of the Average Directional Index (ADX), which is moving to the north at level 22, indicating an incoming bullish reversal.</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 signs of a bullish reversal as it trades towards the lower boundary of the rising channel. Moreover, the RSI has already entered the oversold region, which may indicate a looming price reversal towards a bullish stance.</span></p>
<p><span style="font-weight: 400;">The bulls are aiming to surpass the confines of the rising channel, soaring the price towards $90,000.</span></p>
<p><span style="font-weight: 400;">However, if the bears continue exerting more pressure, the price may go further down to reclaim the support zone around $59,000, which coincides with the 200-day SMA.</span></p>
<p><span style="font-weight: 400;">Meanwhile, as the Bitcoin price bulls aim for a trend reversal, investors are also diversifying into Green Bitcoin ahead of the halving event in April.</span></p>
<h2 id="span-style-font-weight-400-green-bitcoin-delivers-eco-friendly-blockchain-to-btc-secures-4-8-million-in-funding-span"><span style="font-weight: 400;">Green Bitcoin Delivers Eco-Friendly Blockchain To BTC, Secures $4.8 Million In Funding</span></h2>
<p><a href="https://insidebitcoins.com/visit/greenbitcoin" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Green Bitcoin ($GBTC)</span></a><span style="font-weight: 400;"> is garnering increasing attention from investors ahead of the next BTC halving event in April, as seen by the pace of its presale, which has raised $500,000 in less than a day.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Green Bitcoin goes GLOBAL, with our campaign drawing thousands of supporters from every corner of our world.</p>
 <p>We thank you. <a href="https://t.co/dRUyegB7PQ" rel="noopener noreferrer nofollow">pic.twitter.com/dRUyegB7PQ</a></p>
 <p>— GreenBitcoin (@GreenBTCtoken) <a href="https://twitter.com/GreenBTCtoken/status/1765760263813578942?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 7, 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 project is delivering innovation through its gamified Green Staking model. With this feature, users can predict the price of Bitcoin to win rewards with a proportionate share of the daily staking reward pool.</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>
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<h2 id="span-style-font-weight-400-buy-and-stake-gbtc-112-annual-rewards-span"><span style="font-weight: 400;">Buy And Stake $GBTC, 112% Annual Rewards</span></h2>
<p><span style="font-weight: 400;">Additionally, you can earn through the platform’s staking feature, which offers </span><span style="font-weight: 400;">an annual percentage yield (APY) of 112%. Users have already staked over 5.1 million $GBTC tokens.</span></p>
<p><span style="font-weight: 400;">YouTube channel Crypto Gains says Green Bitcoin has the potential for massive returns on investment after launch.</span></p>
<p><iframe title="🔥 Green Bitcoin Is LAUNCHING SOON! GET IN EARLY? FOR POTENTIAL MASSIVE GAINS? (URGENT!)" width="640" height="360" src="https://www.youtube.com/embed/D-vwQTxSAgA?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;">You can invest now at just $0.9542 per $GBTC token, but remember that there will be a price hike in slightly more than four days, making now the best time to buy.</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 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>
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 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin/credit-card/" rel="noopener noreferrer nofollow">How to Buy Bitcoin with Credit Card</a></li>
 <li><a href="https://www.linkedin.com/pulse/best-crypto-watch-2024-top-5-cryptocurrencies-high-calsona-f8pve" rel="noopener noreferrer nofollow">Best Crypto to Watch in 2024: Top 5 Cryptocurrencies with High Potential</a></li>
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Bitcoin Price Prediction: BTC Plunges 7% As Grayscale Moves $400M To Coinbase, But This Bitcoin Halving Play Raises $500K In Less Than A Day

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