Green Bitcoin Price Prediction: GBTC Pumps 21% As This Bitcoin Cloud Mining ICO Surges Past $13M

The
Green
Bitcoin
price


surged

over
21%
in
the
past
24
hours
to
trade
at
$1.4011
as
of
8:35
a.m.
EST
as
investors
go
long
on
the
recently-launched
crypto.

This
jump
in
price
comes
just
five
days
after
GBTC
made
its
debut
on
the
decentralized
exchange
Uniswap. 

The
Green
Bitcoin
Price
Might
Rebound
From
Support

1-hour
chart
for
GBTC/USDT
(Source:


TradingView)

The


Green
Bitcoin

price
broke
below
a
short-term
positive
trend
line
that
emerged
on
its
1-hour
chart
in
the
last
couple
of
hours.
However,
the
crypto
still
has
a
strong
support
level
at
$1.3356
as
a
safety
net.
A
drop
below
this
key
point
might
then
expose
GBTC
to
the
risk
of
falling
to
the
subsequent
mark
at
$1.0399
in
the
following
12
hours. 

This
bearish
thesis
could
be
invalidated
if
the
Green
Bitcoin
price
manages
to
recover
back
above
the
aforementioned
ascending
trend
line
within
the
coming
6
hours.
In
this
alternative
scenario,
the
altcoin
will
most
likely
attempt
to
flip
the
$1.6978
barrier
into
support.
Closing
a
1-hour
candle
above
this
threshold
might
then
clear
a
path
for
GBTC
to
rise
to
$2.2168
in
the
short
term.

Technical
indicators
on
GBTC’s
1-hour
chart
show
that
the
altcoin
recently
entered
into
a
short-term
bearish
cycle.
In
addition
to
this,
sellers
seem
to
be
gaining
strength
as
well.

In
the
last
couple
of
hours,
the
MACD
line
crossed
below
the
MACD
Signal
line,
which
suggests
that
the
Green
Bitcoin
price
has
started
a
fresh
negative
cycle.
Meanwhile,
the
Relative
Strength
Index
(RSI)
is
breaking
away
below
its
Simple
Moving
Average
(SMA)
line.
Traders
tend
to
identify
this
as
a
signal
that
bears
are
growing
stronger
than
bulls.

Green
Bitcoin
Price
Could
Soon
Enter
Another
Leg
To
The
Upside

The
short-term
technical
indicators
flagging
bearish
on
GBTC’s
charts
could
just
be
due
to
profit
taking
activity
by
traders
who
are
capitalizing
on
the
altcoin’s
recent
surge.
It
could
also
be
a
liquidity
building
move
before
the
crypto
enters
another
leg
up. 

Green
Bitcoin’s
listing
is
a
perfect
example
of
how
a
strong
move
to
the
upside
can
ensue
following
a
steep
correction.
In
just
the
hours
after
listing,


GBTC

plummeted
from
an
opening
price
of
$1.5548
to
a
low
of
$0.5233.

This
dive
in
the
altcoin’s
values
was
most
likely
due
to
traders
who
invested
in
the
crypto
for
quick
gains.
GBTC’s
selling
prompted
these
traders
to
take
immediate
profits,
while
value
investors
remained
and
started
to
drive
the
price
up
gradually
and
consistently.

Traders
and
investors
will
want
to
keep
an
eye
on
the
RSI
on
GBTC’s
hourly
chart
as
it
approaches
oversold
territory.
This
may
soon
be
seen
as
a
buy
signal
given
the
altcoin’s
upside
potential
is
far
greater
than
its
downside
potential.
This
could
ignite
the
next
leg
up
for
the

Green
Bitcoin
price
to
unprecedented
heights.

The
upcoming
Bitcoin
halving
could
also
steer
investors
to
derivatives
of
the
leading
cryptocurrency
such
as
GBTC,
potentially
igniting
a
wave
of
buying
activity.

Bitcoin
Minetrix,
with
its
innovative
cloud
mining
platform,
could
be
another
recipient
of
this
potential
influx
of
capital
after
the
halving,
which
analysts
say
could
lead
to
10X
gains
in
the
coming
months.

An
Alternative
Avenue
For
Miners
Who
Will
Have
To
Close
Shop

Bitcoin
mining
rewards
will
soon
be
slashed
in
half
through
the
halving
event.
Experts
therefore
predict
that
smaller
mining
operations
will
be
left
with
no
choice
but
to
shut
down
due
to
the
decreased
revenue.

After
closing
shop,
these
smaller
miners
will
have
to
seek
alternative
means
to
mine
the
market
leader.
With
its
decentralized
stake-to-mine
platform,
Bitcoin
Minetrix
could
become
the
top
pick
for
these
smaller
operators.

Investors
might
also
flock
to
Bitcoin
Minetrix
to
build
a
passive
income
stream
that
is
paid
in
BTC.
This
will
prove
extremely
valuable
when
it
is
harder
to
come
by
new
coins
after
the
halving,
especially
with
the
high
levels
of
demand
being
generated
through
spot
Bitcoin
ETFs
(exchange-traded
funds).

To
start
earning
BTC,
all
investors
will
need
to
do
is
buy
the
project’s
BTCMTX
token.
Once
purchased,
the
tokens
will
need
to
be
staked
in
exchange
for
gas
rewards.

These
gas
rewards
will
then
have
to
be
burned
in
order
to
claim
a
portion
of
Bitcoin
Minetrix’s
cloud
mining
power.
Given
BTCMTX’s
central
role
in
the
entire
ecosystem,
investors
rushing
to
Bitcoin
Minetrix
will
have
a
strong
positive
impact
on
the
token’s
value. 

Investors
Continue
To
Pour
Funds
Into
BTCMTX’s
Presale

Bitcoin
Minetrix
has
just
blasted
past
$13
million
raised
in
its
presale
as
investors
bet
big
on
the
altcoin’s
prospects. 

????
With
the

#Bitcoin
halving
around
the
corner,
mining
companies
are
gearing
up
for
changes!

From

@MarathonDH
to

@RiotPlatforms,
keep
an
eye
out
on
how
they’re
preparing
for
the
shift.

Who
do
you
think
will
thrive
post-halving?
????️#BitcoinMinetrix
has
successfully
raised
more…

pic.twitter.com/aPtKV1rne9

—
Bitcoinminetrix
(@bitcoinminetrix)

April
10,
2024

Selling
for
just
$0.0146,
BTCMTX
can
be
bought
using
either
ETH,
USDT,
BNB,
MATIC
or
a
bank
card
on
the
project’s
website.
Investors
will
want
to
hurry
though,
as
the
token’s
price
will
increase
in
less
than
5
days.

BTCMTX
can
be
purchased
and
staked
for
a
54%
APY
here.

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