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The Bitcoin price rose by a fraction of a percentage in the last 24 hours to trade at $66,798 as of 03:31 a.m. EST on trading volume that dropped 44% to $56.16 billion.
This comes as billionaire Mark Cuban, known for his role in the reality TV show ”Shark Tank,” says that BTC is better than gold.
In an interview with CNBC, Cuban said that as an investment option he’d choose Bitcoin over gold ”all day, every day.”
Mark Cuban on CNBC: "There’s only going to be 21 million #Bitcoin ".
Further said: "The more people that buy and the fewer people that sell, means the price is going to go up and that's the nature of it, and it's a great store of value".#Crypto #BitcoinETF #BTC… pic.twitter.com/BvDJqjKZzc
— Fahad Faqeeh (@FahadFaqeeh65) March 6, 2024
Cuban believes Bitcoin, with its finite supply of 21 million coins, is a superior store of value compared to gold’s potentially unlimited and unknown supply, making it a more appealing investment.
In 2022, Cuban expressed strong criticism towards gold investors, bluntly stating that they are ”dumb.” He argues that gold is an outdated investment choice and advocates for Bitcoin as the future of safe-haven investments.
Bitcoin Price Set To Break The Upper Boundary Of The Bullish Pennant
Since the beginning of February, Bitcoin’s price has been on a steady rise, reaching an all-time high (ATH) of $69,294. However, it subsequently retraced back to $59,000.
BTC’s resilience shines through as it stages a remarkable recovery, with bulls able to sustain the price within the confines of the bullish pennant.
BTC is trading above both the 50-day and 200-day Simple Moving Averages (SMAs), further evidence of the continued bullish sentiment. Additionally, the Relative Strength Index (RSI) is positioned at 58, an indication that the market is neither overbought nor oversold.
However, the RSI is moving to the north, which could be a sign of incoming intensified buying.
The Moving Average Convergence Divergence (MACD) also supports the sentiments of a looming bullish rally as it trades over the zero line. Moreover, the red bars on the histogram seem to diminish towards the neutral line, a confirmation of a rebound to the upside.
The Stochastic Oscillator 14 3 3 line (green) is trading over the trigger line (orange), representing a bullish moving average crossover, which is an encouragement for investors to buy more, as there is an impending bull rally.
Bitcoin Price Prediction
The Bitcoin price analysis shows that BTC is currently on a bullish move as it recovers towards its set ATH of $69,294. The bulls are aiming to breach the upper boundary of the bullish pennant, supported by the golden cross at $42,875 to drive the price up, aiming at $75,000.
In case the bears take charge of the price at these levels, support levels at $61,562 and $59,380 would offer stabilization points in the event of a retracement.
As the Bitcoin price steadies after a rollercoaster week, some investors are diversifying into new ICO Green Bitcoin, which crypto analyst Jacob Bury says has the potential to surge 10X on launch.
Green Bitcoin Presale Surges Past $2.2 Million – Best Green Crypto To Buy For 10X Returns
The Green Bitcoin (GBTC) presale continues to garner massive attention, having amassed over $2.2 million in early funding as it races towards its target of $2.5 million.
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
Green Bitcoin is a more eco-friendly alternative to Bitcoin and combines the reputation of Bitcoin with the environmental sustainability of the Ethereum blockchain. The project also introduces revolutionary Gamified Green Staking, which gives users exponential rewards.
Using the platform’s gamified prediction option, users can easily earn rewards by predicting the future price of Bitcoin. You can earn rewards every 10 minutes.
Will #Bitcoin break ATHs today!?
You can earn Green Bitcoin by making the right guess!https://t.co/dG5cEeD1H0
— GreenBitcoin (@GreenBTCtoken) February 28, 2024
Join the project by purchasing $GBTC at a discounted price of $0.6882 before it rises in less than five days.
Stake $GBTC, 175% Annual Rewards
You can also earn passively through Green Bitcoin’s staking option, where you can stake your acquired $GBTC tokens to earn an impressive annual percentage yield (APY) of 175%. Currently, there are over 3.3 million $GBTC tokens already staked.
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
To participate in the presale, 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.
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