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    Bitcoin Price Prediction: As MicroStrategy Raises Another $500 Million To Buy More BTC, Experts Say This Small Cap ICO Is The Best Crypto To Buy Now

    msmarkBy No Comments5 Mins Read
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    The Bitcoin price climbed almost 2% in the past 24 hours to trade for $73,356 as of 02:24 EST time on trading volume that plunged 20%.

    It comes despite a broader market cool-off that’s failing to prevent business intelligence firm MicroStrategy, co-founded by Michael Saylor, from doubling down on BTC.

    MicroStrategy is on its second fundraising plan this month to acquire more BTC, barely a week after completing an $800 million raise that helped scoop up another 12,000 Bitcoin.

    Now Saylor is proposing raising another $500 million of convertible notes, again “to acquire additional Bitcoin.”

    MicroStrategy has a stack of 205,000 BTC right now, worth approximately $15 billion. The business intelligence firm is up $8.1 billion, or 117%, on its BTC investments so far.

    Bitcoin Price Outlook As MicroStrategy Doubles Down On BTC Purchases

    The Bitcoin price continues to hold above $73,000 threshold, with prospects for more gains. The next target for BTC is the $82,131 milestone, where the pioneer cryptocurrency is expected to confront resistance due to the ascending trendline that connects previous cycle tops.

    There remains potential for more gains. This is seen with the climbing Relative Strength Index (RSI), which points to rising momentum and is reinforced by the growing volumes of the Awesome Oscillator (AO), suggesting a strong presence of the bulls in the BTC market.

    The growing bars of the volume indicator, flashing green, as the bullish trend remains strong, also reinforce the bullish outlook. Enhanced buyer momentum among the bulls could see the Bitcoin price extend past the $75,000 milestone to hit the $80,000 psychological level.

    In a highly bullish case, the gains could extend to the forecasted $82,131 level, with such a move constituting a climb of about 12% above current levels.

    TradingView: BTC/USDT 1-week chart

    Conversely, if traders begin to cash in on the gains made so far, the Bitcoin price could drop, first slipping below the $69,000 threshold.

    Enhanced seller momentum could see BTC price foray into the supply zone between $62,278 and $65,618. To confirm the continuation of the downtrend, however, the Bitcoin price must break and close below the $64,044 mean threshold.

    While the Bitcoin price pushes to reclaim its all-time high, investors looking to diversify their gains can consider investing in GBTC. Crypto analyst Jacob Bury say this green alternative to BTC is among the six best cryptos to buy now as the Bitcoin bull run gets underway.

    Promising Alternative To Bitcoin

    After raising over $4.25 million from investors drawn by the allure of the ongoing Bitcoin euphoria, GBTC is on a roll. It is the ticker for the Green Bitcoin ecosystem, a predict-to-earn project built atop Ethereum’s infrastructure using the ERC-20 token standard.

    It is a gamified staking platform with participants earning rewards by predicting the Bitcoin price.

    There are exponential rewards for GBTC holders and up to 100% token bonuses for the fresh challenges presented live daily and weekly.

    Staking offers an estimated 118% annual return and already 4.8 million tokens have been staked with the distribution rewards set at a rate of 1.6 $GBTC tokens per Ethereum (ETH) block. The rewards will be disbursed over 5 months, after which so-called Gamified Green Bitcoin Staking will be launched.

    Investors looking to buy GBTC can do so on the official website, where it is selling for $0.9162. This price tag will only last for less than five more days before an increase.

    Visit and Buy GBTC here.

    Also Read:

    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


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