The cryptocurrency market is currently experiencing a brief setback following the lawsuit filed against Binance and Coinbase. Market insiders have explained that the downtrend will be short-lived, saying that Bitcoin and a new altcoin are poised for a price surge. In this article, we will discuss the reasons why experts have predicted a rise in the price of Bitcoin and the new altcoin Tradecurve.
Bitcoin (BTC) is Primed for Parabolic Surge, Experts Explain Why
Bitcoin (BTC), the flagship cryptocurrency, started the year with good bullish momentum, peaking at $30,800 from an opening price of $16,530. While it slowed in the second quarter, the past two days have been bearish, as the price of Bitcoin was forced below $26k when two of the largest cryptocurrency exchanges, Binance and Coinbase, were hit with SEC lawsuits.
Several experts have predicted that despite the recent downtrend, Bitcoin is still poised for a rise in 2023. To confirm this, market expert Kevin Svenson explained that Bitcoin's Moving Average Convergence Divergence (MACD) indicator has crossed the daily time frame, a signal for a long-term bullish breakout.
Additionally, the United States Congress has reached an agreement to raise its debt ceiling and remove the tax on energy consumed by crypto miners, further encouraging the growth of the crypto community. When the Bitcoin price recovers from the recent selloff, we could start to see some of these predictions come into play.
For starters, Bitcoin would need bullish momentum to recapture the $27,400 support from its current price of $26,150. When Bitcoin clears this resistance, the bulls will look to retest the $30,000 resistance before entering a clear $32k path. at $40k.
Market experts predict a 50-fold price increase for Tradecurve
While the Bitcoin rally will affect the entire cryptocurrency market, experts have identified Tradecurve (TCRV) as an altcoin with the potential to outperform the market. The reason for the bullish comments about Tradecurve is that the platform will introduce features that could transform the cryptocurrency trading space.
Currently, cryptocurrency traders need to open multiple accounts with platforms that offer forex, commodity, option, stock, and ETF trading in order to access them. This new platform provides an effective solution to this by creating an all-inclusive decentralized platform where traders will need only one account to access and trade all these financial instruments.
As the idea sounds appealing, experts have predicted that many crypto traders and financial markets will leave their current platforms to Tradecurve because it offers an easier way to keep track of their portfolios.
As more traders join Tradecurve, experts have predicted that its native utility token, TCRV, will experience a price increase of up to 50 times during its pre-sale and up to 100 times when the platform launches. For now, investors have a great chance to join Tradecurve soon as the token is now selling for just $0.015.
Learn more about Tradecurve and the TCRV cryptocurrency below:
Click here to buy TCRV pre-sale tokens
