After accurately predicting Bitcoin’s (BTC) $50,000 crash, crypto veteran Ali Martinez has claimed that the pioneer cryptocurrency is ready to soar
Crypto veteran Ali Martinez had earlier predicted that Bitcoin would nosedive to $54,500 if it breached the support level at $56,800. This prediction preceded BTC's downturn from the upper boundary of a rising wedge structure.
As predicted, BTC rebounded from the upper wedge boundary, crashing down to $54,500 after breaching the support level. Now, BTC is poised for an upside rebound. Ahead of this move, Ali Martinez has revealed potential price points that Bitcoin could hit in the coming days.
According to Ali, Bitcoin has begun forming a bullish pennant pattern on the lower timeframe charts. While this formation alone may not be a conclusive indicator of an impending upswing, the analyst highlighted several factors that bolster his prediction.
He noted that the fear and greed metric, which is now back in the fear zone, could allow whale investors to accumulate more Bitcoin from retail traders selling their holdings.
During the market sell-off earlier this week, deep-pocket investors spent about $10 billion acquiring 184,500 BTC. With more similar purchases in the works, Ali Martinez expects Bitcoin to cross the $60,000 mark soon. BTC is currently trading at $60,693, up 0.91% in the past 24 hours.
Thanks to its robo-advisor, market participants are pivoting towards RCO Finance. This virtual financial assistant is powered by artificial intelligence (AI). It utilizes mathematical algorithms and variables to provide investment advice and requires minimal to no human supervision.
Unlike anything seen in the crypto space, this technology makes investment decisions based on market data, eliminating emotions or bias from the equation.
To assist users in navigating its pool of financial instruments, RCO Finance has integrated the robo-advisor. Notably, the platform boasts over 120,000 assets categorized into 12,500 asset classes, allowing investors to diversify their portfolios. These assets include cryptocurrencies, stocks, ETFs, derivatives and real-world assets.
The robo-advisor aligns investors' strategies with their financial goals by selecting the most optimal assets for their portfolios from the platforms listed. It identifies trends, structures, patterns and opportunities and executes trades on behalf of investors, thanks to its machine-learning capabilities.
Furthermore, RCO Finance presents an opportunity for users to generate passive income from staking rewards, tier-based rewards, quarterly dividends and contests rewards. Additionally, stakers can enjoy high yields on their stakes. Users can also deposit and withdraw funds to local banks using the platform's debit card.
With no prior trading experience necessary, users can navigate RCO Finance's user-friendly interface and trade any asset with incredibly subsidized fees. SolidProof audits the platform and performs frequent security scans to check for any skulking loopholes that could put users and their assets at risk.
According to a recent prediction, RCOF is expected to soar alongside BTC in the upcoming Bitcoin rally. This prediction has steered investors towards RCOF's presale in pursuit of substantial gains.
Currently, RCOF is in Stage 3 of its presale, priced at $0.0343 per token. The next stage entails a 75% increment in RCOF's price, bringing it up to $0.0558. Early investors will have garnered over 3,000% of their initial capital by the conclusion of its presale. To illustrate, for every $1,000 invested in RCOF, a minimum of $30,000 will be earned.
It is speculated that RCOF will list at a price between $0.4 and $0.6. Hence, investors can still bag up to 18X profit from the Ethereum token before its presale concludes. The remaining tokens after the presale will be burned to boost RCOF's price after its exchange listing.
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