Bitcoin

Bitcoin Price Prediction: Billionaire Mark Cuban Of Shark Tank Fame Says BTC Better Than Gold As New ICO Green Bitcoin Surges Towards $3 Million

3 Mins read

Join Our Telegram channel to stay up to date on breaking news coverage

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.”

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 He argues that gold is an outdated investment choice and advocates for Bitcoin as the future of safe-haven investments.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

Bitcoin Price Chart Analysis Source: Tradingview.com
BTCUSD Chart Analysis Source: Tradingview.com

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.

Bitcoin MACD

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.

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.

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.

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. 

Related News

Green Bitcoin – Gamified Green Staking

Green Bitcoin
  • Contract Audited by Coinsult
  • Early Access Presale Live Now – greenbitcoin.xyz
  • Predict To Earn – Featured In Cointelegraph
  • Staking Rewards & Token Bonuses
  • $1+ Million Raised

Green Bitcoin


Join Our Telegram channel to stay up to date on breaking news coverage



Source link

Related posts
Bitcoin

Cardano Founder Clears FUD About Hydra, Scaling, Partners

2 Mins read
In a series of messages over the weekend, Charles Hoskinson, the founder of Cardano, addressed various concerns and rumors circulating about the…
Bitcoin

Ethereum Price Grinds Lower, Why Pullback Is Not Over Yet

2 Mins read
Ethereum price started a downside correction below $3,650. ETH traded below $3,500 and is currently attempting a decent recovery wave in the…
Bitcoin

Group Urges US President Joe Biden to Secure Release of ‘Kidnapped’ Former Federal Agent

1 Mins read
The Chamber of Digital Commerce, a blockchain and crypto advocacy group, has urged U.S. President Joe Biden to assist in securing the…

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *