Green Bitcoin (GBTC) Price Prediction 2024, 2025–2030 | CoinCodex (2024)

According to our current Green Bitcoin price prediction, the price of Green Bitcoin is predicted to rise by 231.42% and reach $ 0.672108 by August 20, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 74 (Greed). Green Bitcoin recorded 14/30 (47%) green days with 13.14% price volatility over the last 30 days. Based on the Green Bitcoin forecast, it's now a bad time to buy Green Bitcoin.

Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsem*nt, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Based on the historical price movements of Green Bitcoin and the BTC halving cycles, the yearly low Green Bitcoin price prediction for 2025 is estimated at $ 0.202796. Meanwhile, the price of Green Bitcoin is predicted to reach as high as $ 0.969427 next year. Using the same basis, here is the Green Bitcoin price prediction for each year up until 2030.

Green Bitcoin price prediction 2025

The Green Bitcoin price prediction for 2025 is currently between $ 0.202796 on the lower end and $ 0.969427 on the high end. Compared to today’s price, Green Bitcoin could gain 370.16% by 2025 if GBTC reaches the upper price target.

Green Bitcoin price prediction 2030

The Green Bitcoin price prediction for 2030 is currently between $ 0.523681 on the lower end and $ 0.849103 on the high end. Compared to today’s price, Green Bitcoin could gain 311.81% by 2030 if it reaches the upper price target.

Popular GBTC Moving Averages and Oscillators for Sun, Jul 21, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Green Bitcoin Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

Green Bitcoin Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 0.208827, Green Bitcoin has support levels of $ 0.193885, $ 0.181925, and the strongest at $ 0.166983. Similarly, Green Bitcoin resistance levels are at $ 0.220788, $ 0.235729, and $ 0.24769.

Green Bitcoin Correlation

Over the past 7 days, Green Bitcoin price was most positively correlated with the price of and most negatively correlated with the price of .

Green Bitcoin price is correlated with the top 10 coins by market cap with a price of , excluding Tether (USDT) and correlated with the top 100 coins by market cap excluding all stablecoins with a price of .

Currencies that are positively correlated with Green Bitcoin indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Green Bitcoin, a move in one direction for Green Bitcoin would translate into a move in the opposite direction for the negatively correlated coin.

To get a better idea of what could happen to the Green Bitcoin price in the future, it’s helpful to also explore Green Bitcoin’s price history. In the last month, the GBTC/USD pair is down .

How to read and predict Green Bitcoin price movements?

Green Bitcoin traders use a variety of tools to try and determine the direction in which the GBTC market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Green Bitcoin price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Green Bitcoin Price Prediction Indicators

Moving averages are among the most popular Green Bitcoin price prediction tools. As the name suggests, a moving average provides the average closing price for GBTC over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for GBTC is a sum of GBTC’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the GBTC price moves above any of these averages, it is generally seen as a bullish sign for Green Bitcoin. Conversely, a drop below an important moving average is usually a sign of weakness in the GBTC market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the GBTC price.

How to read Green Bitcoin charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Green Bitcoin with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Green Bitcoin’s price action in 1-hour chunks. Each candlestick will display GBTC’s opening price, closing price, as well as the highest and lowest prices that Green Bitcoin reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Green Bitcoin?

Just like with any other asset, the price action of Green Bitcoin is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of GBTC. The market capitalization of Green Bitcoin can change significantly in a short period of time.

When trying to make a Green Bitcoin forecast, many traders also try to monitor the activity of GBTC “whales”, which are entities and individuals that control large amounts of GBTC. Since the Green Bitcoin market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Green Bitcoin’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.