Bitcoin Price Likely to Hit $40,000 in September Forecast Says, but the Crypto AI Could Still Bloom
The post Bitcoin Price Likely to Hit $40,000 in September Forecast Says, but the Crypto AI Could Still Bloom appeared first on Coinpedia Fintech News
Bitcoin (BTC) has plunged from the 20-day EMA of $60,497 over the past few days, indicating a growing bearish force, which analysts believe 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.
Why do experts believe the Bitcoin price might slump to $40,000 in September, and why is RCO Finance likely to continue surging? Let’s find out!
Bitcoin (BTC) 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.
Specifically, 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, the Bitcoin (BTC) had stabilized at around $59,011 as of August 31.
While the Bitcoin price maintains the $59,000 support level, historical figures indicate it is about to enter a bearish month. This explains 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 embrace 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. Unlike traditional financial advisors, who rely on cognitive biases and emotions, the RCO Finance robo advisor leverages machine learning and advanced algorithms to make investment recommendations.
This approach helps investors minimize risk exposure and maximize profitability. Furthermore, the robo advisor’s automation eliminates intermediaries, helping cut transaction costs and time for seamless investing.
Astonishingly, the robo advisor can automatically execute trades, assisting investors in seizing market opportunities in real time.
Interestingly, the robo advisor can monitor the 120,000+ crypto and TradFi assets RCO Finance supports 24/7, providing investors with data-driven insights on when to open or close specific positions for maximum profitability.
For instance, the robo advisor can track Bitcoin’s price and relevant market events before advising investors to buy or sell BTC in September. This futuristic investment strategy explains why investors embrace RCO Finance to hedge against losses.
Besides its robo advisor, RCO Finance’s crypto AI platform has captured investor attention because of its unique DeFi offering. The platform provides non-KYC debit cards, a pre-derivatives offering (pre-DO), up to 1,000x leverage, yield farming through lending and staking, among other features.
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. Crypto enthusiasts are embracing RCO Finance’s crypto AI token because it has a limited supply of 800 million tokens and a deflationary mechanism, which helps prevent inflation.
RCOF has also made a statement among investors because SolidProof, a renowned blockchain firm, audited RCOF’s smart contract. This audit verified that RCOF’s codebase is secure and up to industry standards. As a testament to increasing investor confidence, RCOF has secured $1.75 million thus far into its pre-sale!
As of August 31, RCOF was in Stage 2 of its ongoing public pre-sale. During this stage, investors can buy RCOF at $0.0344. This price is set to increase to between $0.4 and $0.6 by the end of RCOF’s pre-sale. By surging to this price range, RCOF will have generated a 1,000% to 1,644% ROI for Stage 2 investors.
Moreover, analysts believe RCOF might mirror Bitcoin’s astronomic surge from $1,000 in 2017 to its 2024 ATH of $73,750. This price difference marks a 7,270% surge, explaining why you should join RCO Finance now to get enormous returns from this crypto AI pre-sale.
For more information about the RCO Finance Presale:
