There has been a lot of buzz in the blockchain space surrounding the future price momentum of the Bitcoin cryptocurrency, with many analysts predicting that after its price broke down from a long-term pattern on May 10, the wave count and price action could suggest a further downside.
As technical analysis indicates a bearish forecast for Bitcoin, analysts are turning towards competing, presale-stage Tradecurve as it’s already gathered a significant level of attention.
Bitcoin Carries Out With Price Descent After Support Break
Analysts reviewed the recent performance behind Bitcoin, and when they made a technical breakdown, they saw how its price broke down from its stable momentum and headed towards a bearish pattern. After the cryptocurrency decreased in value on May 10, the price hovered just below the pattern’s neckline for two weeks. At this point in time, Bitcoin traded at $27,578.88.
The RSI index also gives a bearish reading, and market traders use this rating as a momentum indicator to figure out potential overbought or oversold conditions and make their decision to buy or sell BTC. As of May 26, 2023, Bitcoin trades at $26,513.67. In the last 30 days, it has been down by a total of 6.5%, and worried investors are now diversifying.
Tradecurve price expected to rise again
Tradecurve is one of the projects that has gained a significant level of attention from Bitcoin traders who are looking for an alternative project to get into. It is a hybrid trading platform that avoids the need for KYC or other lengthy registration procedures by enabling users an opportunity to simply deposit crypto and use it as collateral. This provides them with a full level of anonymity for their trades.
When it comes to trading forex, ETFs, options, commodities, bonds, and more, some traders globally are restricted from making such trades due to their geographical location or lack of financial services.
Tradecurve is an all-in-one solution that will allow anyone to trade crypto and any other derivative. Moreover, there are also different features that help it stand out, including high leverage starting from 500;1, negative balance protection, a VIP account system, and algorithmic trading with AI.
If all of these terms are intimidating to new users, there is also a Trading Academy that will feature classes and guest speakers. TCRV is the utility token from Tradecurve. At its Stage 3 presale, which is 88.85% complete as of May 30, 2023, the token trades at $0.015. At the next stage, its value will increase by 30%, as the token will trade at $0.018. Analysts predict that TCRV can climb 100x at launch, especially after it gets listed on most major Tier-1 exchanges and on Uniswap.
Traders and investors can navigate to the Tradecurve site or the links below to learn more about the project:
Click Here To Buy TCRV Presale Tokens
