Amid a bearish outlook for Bitcoin (BTC), Tradecurve (TCRV) is generating a positive buzz, promising potential 100x gains in 2023 despite being in its presale phase. This article dissects the factors contributing to Bitcoin’s current bearish chart, while simultaneously shedding light on why industry insiders are touting Tradecurve as the next big thing in the crypto space.
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Why the Bitcoin (BTC) Bearish Chart Looks Bearish
Bitcoin (BTC) has had quite a volatile journey lately. It saw an impressive rise from $24,800 to $31,800 in a matter of weeks. However, it is currently facing stiff resistance above this level, which has contributed to a recent price slump.
This price momentum is largely driven by speculation around the approval of a Bitcoin spot Exchange-Traded Fund (ETF). An ETF could present a pivotal shift in the cryptocurrency space. It opened the doors for Bitcoin to be added to pensions and 401K portfolios. That could potentially trigger a mass influx of institutional capital into the market.
Nonetheless, the anticipation surrounding the ETF’s approval has generated a degree of uncertainty. It has manifested as considerable price volatility for Bitcoin. Technical analysts have been pointing out a bearish divergence on the weekly chart. It is indicative of a potential slowdown in the bullish momentum of Bitcoin.
Bearish divergences occur when the price of a security makes higher highs, while an oscillator such as the Relative Strength Index (RSI) creates lower highs. This indicates that there isn’t enough market momentum to confirm the price action and suggests a potential reversal in the trend.
This week, Bitcoin has fallen from $31,200 to a current price of $29,750. Analysts note that Bitcoin is hovering just above the critical support level of $27,500 and if this fails to hold, a deeper correction to $25,000 is likely.
Tradecurve Promises Potential 100x Gains in 2023: Unraveling the Opportunity
Leveraging the Ethereum (ETH) blockchain, Tradecurve (TCRV) paves the way for global users to trade a variety of assets, including stocks, forex, commodities, and indices, while preserving their anonymity through the use of decentralized finance (DeFi) technology.
One of the striking features of Tradecurve is its simplified account setup process. Tradecurve only requires an email address, eliminating the lengthy and stringent KYC requirements that are common on traditional platforms.
Tradecurve doesn’t stop there. It provides a holistic ecosystem where investors can avail themselves of a plethora of trading tools. These include AI-driven trading systems, copy trading capabilities, and a hybrid trading exchange. Moreover, Tradecurve offers a virtual trading academy where newcomers can grasp both fundamental and advanced trading strategies.
At the epicenter of Tradecurve’s ecosystem lies its native token, TCRV. This utility token offers a multitude of benefits to its holders, such as access to copy trading services, an opportunity to stake for passive earnings, and reduced trading fees.
Currently priced at $0.025 during the ongoing TCRV presale, market experts predict a monumental 5,000% price surge to $1 by the end of the presale. Beyond this, the potential of a 100x rally looms upon its listing on the Uniswap exchange.
For more information about the Tradecurve (TCRV) presale:
Website: https://tradecurve.io/
Buy presale: https://app.tradecurve.io/sign-up
Twitter: https://twitter.com/TradecurveappÂ
Telegram: https://t.me/tradecurve_official
