- Bitcoin Plunges Below $60K: More Losses Coming?
- RCO Finance’s Crypto AI Features Can Help Hedge Against Bitcoin’s Crash To $40K!
- A Chance to Win Big With RCOF’s Pre-Sale!
Bitcoin (BTC) has plunged from the 20-day EMA of $60,497 over the past few days, indicating a growing bearish force. Analysts believe this might push the Bitcoin price to $40,000 in September. Meanwhile, investor interest in crypto AI tokens like RCO Finance (RCOF) has risen, meaning the sector might still rally in September.
Bitcoin Plunges Below $60K: More Losses Coming?
Bitcoin has had a disappointing performance over the past week. On August 24, the price was hovering around $63,977. The bullish momentum in the crypto market saw Bitcoin climb as high as $64,996 on August 25. However, day traders started taking profits, triggering a selloff. The Bitcoin price plunged below the 20-day EMA of $60,647, revisiting the $59,000 level. In a notable event, a Bitcoin whale deposited 2,364 BTC into Binance on August 31. However, the Bitcoin price has remained fairly stable despite this whale activity, specifically stabilizing at around $59,011 as of August 31. Historical figures indicate that it is about to enter a bearish month, explaining why analysts believe it might slump to $40,000 in September if it loses its current support level.
RCO Finance’s Crypto AI Features Can Help Hedge Against Bitcoin’s Crash To $40K!
As uncertainty about Bitcoin’s next move mounts, investors are turning to RCO Finance’s platform to shield their holdings against potential losses. The RCO Finance platform employs AI and blockchain technology to offer investors next-gen trading features. RCO Finance’s most prominent feature is an AI-powered robo advisor that offers free investment advice. The robo advisor's automation helps investors minimize risk exposure and maximize profitability, eliminating intermediaries and cutting transaction costs and time. The robo advisor can monitor over 120,000 crypto and TradFi assets 24/7, providing data-driven insights on when to open or close specific positions for maximum profitability.
A Chance to Win Big With RCOF’s Pre-Sale!
With Bitcoin showcasing bearish signs, RCOF, RCO Finance’s native token, has emerged as an alternative investment for crypto traders. RCOF has a limited supply of 800 million tokens and a deflationary mechanism that helps prevent inflation. RCOF has secured $1.75 million thus far in its pre-sale. As of August 31, RCOF was in Stage 2 of its ongoing public pre-sale, with a price of $0.0344, set to increase to between $0.4 and $0.6 by the end of the pre-sale.
Thus, while Bitcoin's price may continue to drop to $40,000 in September, investors have turned their attention to AI technologies and platforms like RCO Finance, offering hedges against potential losses.
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