Bitcoin Price Prediction: BTC Stuck on Descending Channel Delaying $70k Target While this Altcoin Trends 8000% Upwards
The post Bitcoin Price Prediction: BTC Stuck on Descending Channel Delaying $70k Target While this Altcoin Trends 8000% Upwards appeared first on Coinpedia Fintech News
The Bitcoin price has retraced its growth after jumping significantly in September, triggering an altcoin season. This retracement has forced investors to shift to high-potential altcoins that promise huge returns. This explains why RCO Finance (RCOF), an emerging DeFi altcoin, has generated massive hype despite being in its presale.
Why has RCO Finance (RCOF) become a top diversification pick for Bitcoin (BTC) investors? Let’s find out!
The Bitcoin Price Grapples To Reclaim $70: What’s Coming Next?Bitcoin sent waves across the crypto market in September after nearly reclaiming the $70,000 level. Specifically, the Bitcoin price went from opening trading in September at $58,969 to setting a monthly peak of $66,480. This pump came after the Federal Reserve cut interest rates by 50 basis points, incentivizing investors to return to the market.
As is the norm in the crypto-verse, the Bitcoin price pump triggered an altcoin season that drew more attention to BTC. However, bulls lost steam, and the Bitcoin price entered a descending channel toward the end of September. By October 10, Bitcoin (BTC) had stabilized at $60,150.
This sharp retracement has quelled the excitement about the Bitcoin price recovering the $70,000 level and potentially surpassing its ATH of $73,750. As uncertainty over whether the Bitcoin price will hold the $60,000 support level mounts, investors are migrating to RCO Finance (RCOF) to hedge against potential market shocks.
RCOF: The Next Big Thing.With the Bitcoin price showing no signs of reclaiming the $70,000 level, investors have turned to RCOF to reap massive returns in 2024 and beyond. Investors are lining up to buy this new Ethereum-based altcoin because it has achieved notable milestones despite being in its presale.
As of October 10, RCOF had secured over $3.08 million in funding. Notably, RCOF has achieved this feat during Stage 2 of its presale. RCOF’s price during this stage is $0.0344, offering investors an alluring entry point.
Investors that buy RCOF at $0.0344 are set to realize huge profits when the altcoin attains its launch price of $0.4-$0.6.
Furthermore, experts foresee RCOF surging 8,000% by Q1 2025, surpassing Bitcoin’s 7,200% astronomic surge from 2017 to 2024. Experts base this forecast on RCOF attracting more investors because of its safety, which can be verified by the audit that top blockchain security firm SolidProof conducted on its smart contract.
RCO Finance: A Futuristic DeFi Trading PlatformAs the Bitcoin price continues trading below $70,000, BTC investors have moved to RCO Finance in search of greener pastures in the altcoin and TradFi markets. RCO Finance has emerged as a top-class platform because it supports over 120,000+ assets.
Among these are tokenized real-world assets (RWAs) like commodities and real estate. By supporting tokenized RWAs, RCO Finance enables investors to bolster their portfolios with illiquid assets, effectively hedging against crypto market crashes.
However, the main attraction of the RCO Finance platform is its AI-powered robo advisor, which offers custom recommendations to help investors improve their investment strategies.
The robo advisor tracks the assets listed on RCO Finance and gathers vast data on market conditions, technical indicators, and relevant news. This innovative tool then pairs this data with an investor’s preferences before suggesting the best time to purchase or sell particular assets for increased profits and reduced risk.
As such, investors who rely on the robo advisor’s recommendations can eliminate emotions and guesswork from their investment plans, leaning on a data-driven approach instead. The robo advisor can also trade on investors’ behalf, ensuring they don’t miss out on any suitable investment opportunities.
Embrace The RCO Finance Revolution For Lucrative InvestingFollowing the Bitcoin price crash, RCO Finance has witnessed an influx of BTC investors because its onboarding process does not require KYC verification.
This approach helps lower the entry barrier, allowing anyone across the globe to access RCO Finance’s to access its top-of-the-line investment management tools.
Furthermore, RCO Finance issues non-KYC debit cards to encourage crypto spending in the DeFi and real economies. These debit cards help boost financial inclusion, as holders can easily spend crypto without compromising anonymity.
This explains why you should onboard the feature-rich RCO Finance bandwagon by purchasing its presale altcoin.
For more information about the RCO Finance Presale: