Bitcoin’s (BTC) path to new all-time highs is a hotly contested topic amid the recent market pullback.
However, prominent analyst Willy Woo is doubling down on his bullish Bitcoin forecast.
At the same time, the eco-friendly Green Bitcoin (GBTC) project is generating significant buzz during its ongoing presale, having already raised over $6.7 million from eager investors.
Willy Woo Predicts Bitcoin’s March to New ATH
Willy Woo, a well-known crypto analyst with over one million followers on X, believes Bitcoin will rebound soon.
In a series of tweets over the past few days, Woo has reassured investors that the current pullback is simply a pit stop on Bitcoin’s path to another all-time high (ATH).
On March 18, he shared a “long timeframe risk signal” he’s been developing, which measures capital inflows into Bitcoin against price volatility.
Based on Woo’s analysis, the signal indicates that last week’s high does not represent a market top.
Instead, he suggests that the market is consolidating before Bitcoin’s rally continues.
He followed that up on March 19 with an equally bold take, stating that based on the “Bitcoin Macro Index” metric, he wouldn’t be surprised if Bitcoin reaches another ATH by mid-2024.
Woo even floated the idea of a “double pump cycle” playing out, with BTC potentially setting another record high in 2025.
These bullish predictions are providing relief to Bitcoin bulls, who are witnessing the first major pullback since the coin hit an ATH of $73,750 on March 14.
Michael Saylor Doubles Down on Bitcoin with $600m Purchase
Michael Saylor, CEO of MicroStrategy, shares Willy Woo’s optimistic outlook on Bitcoin.
The long-time Bitcoin proponent continues putting his money where his mouth is, raising even more funds to add to MicroStrategy’s massive BTC treasury.
On March 18, Saylor announced that MicroStrategy had completed a $603.75 million offering of convertible senior notes due in 2031.
The proceeds will be used to acquire additional BTC, adding to MicroStrategy’s existing holdings which already make up over 1% of Bitcoin’s circulating supply.
Just minutes after the debt offering, Saylor tweeted that the company had purchased another 9,245 BTC at an average price of $67,382 per coin.
MicroStrategy now holds a jaw-dropping 214,246 BTC – acquired at an average price of $35,160.
Saylor’s appetite to buy more Bitcoin provides further confirmation that major players are undeterred by the current pullback.
With Woo and Saylor both maintaining their long-term bullish outlooks, it seems the Bitcoin bull market may be about to ramp back up.
Green Bitcoin’s Predict-to-Earn Model Gamifies Crypto Price Forecasting
While Bitcoin itself is drawing bullish forecasts from analysts, another crypto project making waves is Green Bitcoin, which is in its presale phase.
The eco-friendly token has already raised $6.7 million from investors eager to get in early.
Green Bitcoin’s presale success demonstrates the growing demand for environmentally conscious crypto projects.
Using Proof-of-Stake instead of Bitcoin’s energy-intensive Proof-of-Work mining, Green Bitcoin promises to be a much more sustainable crypto asset.
However, its innovative “Predict-to-Earn” model is generating even more excitement.
GBTC holders can earn rewards by accurately forecasting Bitcoin’s price movements through a gamified prediction platform.
Holders can also stake their tokens and earn a base yield of 89% annually.
This first-of-its-kind approach has caught the attention of several crypto analysts.
YouTubers like Matthew Perry and ClayBro have already begun highlighting Green Bitcoin’s potential, with Perry pointing out that the project is “turning heads” in the market.
With a solid tokenomics structure that allocates GBTC for presale buyers, staking, marketing, liquidity, and community rewards, early investors believe the token could be primed for a price pump once listed on exchanges.
As investors seek the next big thing in crypto, Green Bitcoin’s eco-friendly credibility and earning opportunities could make it one to watch.
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