Legendary Bitcoin Trader Peter Brandt Says BTC is Heading for $46,000 Soon, Traders Find Safe Haven
Legendary Bitcoin trader Peter Brandt believes the bearish trend will see Bitcoin (BTC) tumble to $46,000. As a result, investors have started gravitating toward RCO Finance (RCOF), which has emerged as a safe haven after maintaining an upward trajectory during its public pre-sale.
Why does Peter Brandt expect Bitcoin (BTC) to plunge to $46,000, and why is RCO Finance pumping despite the bearish sentiment in the crypto market? Let’s find out!
Peter Brandt Spots A Pattern That Might Push Bitcoin To $46K!
Peter Brandt, a renowned Bitcoin trader, recently took to X to say BTC might slump sharply. In an X post dated September 5, Peter Brandt pointed out that Bitcoin’s chart showcases an inverted expanding triangle or a megaphone.
Per Peter Brandt, this pattern signals stronger selling than buying. To this end, Peter Brandt believes Bitcoin might tumble to test the $46,000 level. Furthermore, Peter Brandt said Bitcoin would need a massive push to a new all-time high to sustain a new bull run.
On September 7, Bitcoin (BTC) changed hands at around $54,208. This price means BTC has plunged 8% in a week. Moreover, the 24-hour BTC trading volume is down 35%, indicating a strong selling force. As this selling force grows, Bitcoin might slip to $46,000, as Peter Brandt predicted.
RCO Finance (RCOF) Pre-Sale Offers Bitcoin Traders A Safe Hedging Option!
As Bitcoin grapples with a renewed bearish market, investors are shifting to RCO Finance (RCOF), an upcoming Ethereum token, to hedge their investments against losses. Investors have liked RCOF because of its utility within the RCO Finance platform.
Specifically, RCOF is RCO Finance transactional and governance token. This utility within an AI-powered platform offers RCOF long-term viability. Also, RCOF has emerged as a high-potential investment because it boasts a limited supply of 800 million tokens and a deflationary tool.
Furthermore, RCOF HODLers enjoy benefits like tier-based dividends and voting rights, explaining the rise of Ethereum tokens among Bitcoin investors looking to diversify their portfolios.
As a side note, SolidProof, a leader in blockchain security, audited RCOF’s smart contract. This step involved checking RCOF’s smart contract for security vulnerabilities, code logic, and adherence to industry standards. As such, RCOF is safe to invest in.
As of August 7, RCOF was progressing with Stage 2 of its pre-sale, and investors can now purchase the token for $0.0344. When RCOF enters Stage 3, its price will increase to $0.0558. Interestingly, this price will pump further as RCOF approaches its $0.4-$0.6 launch price.
Furthermore, experts expect RCOF to replicate Bitcoin’s 8,000% surge from 2017 to March 2024. This forecast explains why you should hop on the RCOF Finance train early.
RCO Finance’s Robo Advisor Offers Investors Pro Investment Advice For Free!
Because of its game-changing features, Bitcoin investors are flocking to RCO Finance, an up-and-coming DeFi project. Specifically, investors are embracing RCO Finance because of its AI-powered robo advisor, which offers free data-driven investment advice.
By scouring the markets of the 120,000+ crypto and TradFi assets RCO Finance supports, the robo advisor gathers actionable data. The robo advisor then pairs this data with an investor’s risk tolerance and financial objectives before recommending when to buy, sell, or double down on specific assets for maximum profitability.
By leveraging AI technology, the robo advisor achieves a next-gen level of automation. For instance, the robo advisor can execute trades on an investor’s behalf. This capability ensures the robo advisor catches all suitable investments on time for lucrative trading and reduced risk exposure.
While the robo advisor is the center of the RCO Finance platform, the project has also gained ground because of its top-tier DeFi features. These include non-KYC debit cards, up to 1,000x leverage, yield farming through lending and staking, and a user-friendly interface to simplify investing even for novice investors.
These features explain why you should join Bitcoin investors in embracing RCO Finance’s pre-sale for early access to these futuristic features.
For more information about the RCO Finance Presale:
Join The RCO Finance Community
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
