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Bitcoin (BTC) and top altcoins have been grappling with a renewed bearish trend. However, a pseudonymous analyst going by Credible Crypto on YouTube believes BTC could be on the path to its final crash before rallying. Meanwhile, RCO Finance (RCOF), a new low cap altcoin, is eyeing more growth after surging sharply during its presale.
Why does this analyst believe Bitcoin will plunge before surging again, and why is RCO Finance (RCOF) defying the current bear market? Let’s find out!
Bitcoin has performed dismally thus far in February after losing the critical $100,000 support level. On February 1, BTC was changing hands at around $102,402. After holding this level for two days, Bitcoin slumped sharply on February 3. Specifically, BTC traded as low as $91,242.
This crash came after traders started liquidating their holdings before Donald Trump introduced higher tariffs for imports from Canada, Mexico, and China. However, Bitcoin quickly rebounded. By February 11, Bitcoin (BTC) had stabilized at around $98,083. This price means Bitcoin has shed 4% thus far in February.
Moreover, Credible Crypto foresees Bitcoin plunging again before its next rally. In a recent YouTube video, this analyst pointed out that Bitcoin is in the midst of a corrective wave two within a five-wave rally.
The analyst cited the Elliot wave theory, which states that waves two and four of bullish assets are usually bearish while waves one, three, and five are bullish. To this end, Credible Crypto believes Bitcoin might slump to the $70,000-$80,000 level without affecting its higher time frame structure.
With Credible Crypto predicting that Bitcoin will plunge, investors are flocking to the low cap altcoin niche to diversify their portfolios. As a result, investors are embracing RCO FInance, an emerging platform that offers up to 120,000 assets across 12,500+ classes like tokenized real-world assets (RWAs), crypto, and decentralized derivatives.
RCO Finance has also gained investor confidence because of its AI-powered robo advisor, which employs machine learning and algorithms to analyze market data from top sources like Bloomberg and Reuters. This tool uses this data to offer investment recommendations based on your financial goals and risk tolerance.
Through these recommendations, you can easily make informed decisions on when to enter or exit positions. For instance, the robo advisor can check the viability of the Elliot wave theory at the moment and advise you to sell BTC before it revisits the $70,000-$80,000 level.
Also, the robo advisor can spot Bitcoin’s bottom and advise you to buy ahead of the next bull run. Moreover, the robo advisor can trade on your behalf, grabbing rare investment opportunities as they emerge. This feature ensures you remain profitable and lets you take time off hands-on trading.
RCO Finance has also intrigued low cap altcoin enthusiasts because it supports passive earning through lending and staking. Also, RCO Finance has grabbed headlines because of its non-KYC policy. This policy significantly lowers barriers to entry and lets users maintain anonymity.
Amazingly, RCO Finance has already launched its beta platform despite being in its presale. Furthermore, RCO Finance aims to introduce developments to its beta platform while building the alpha. This explains why this budding platform has already onboarded over 10,000 users.
The poor performance of the Bitcoin price has seen investors rush to RCO Finance to purchase its native token, RCOF. Investors are buying this low cap altcoin because SolidProof, a leading blockchain security firm, audited its smart contract and found it was vulnerability-free and adhered to the crypto industry’s safety standards.
RCOF has also gained investor confidence because it has grown rapidly during its presale, raising over $13 million in funding. Amazingly, this low cap altcoin has hit this funding milestone during Stage 5 of its presale. RCOF’s price during this stage is $0.1.
Investors that buy RCOF now will realize massive gains when it attains its listing price of $0.4-$0.6. Moreover, experts foresee this low cap altcoin surpassing Bitcoin’s 102% YOY surge by the end of February. This forecast explains why you should join the rapidly growing RCO Finance ecosystem by buying this low cap altcoin today.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
