Legendary Trader Peter Brandt Says Bitcoin (BTC) Chart Shows Buy Signal Triggering Altcoin Bull Run
![Legendary Trader Peter Brandt Says Bitcoin (BTC) Chart Shows Buy Signal Triggering Altcoin Bull Run Legendary Trader Peter Brandt Says Bitcoin (BTC) Chart Shows Buy Signal Triggering Altcoin Bull Run](https://www.blockchainmagazine.net/wp-content/uploads/Legendary-Trader-Peter-Brandt-Says-Bitcoin-BTC-Chart-Shows-Buy-Signal-Triggering-Altcoin-Bull-Run-770x415.jpg)
Bitcoin’s (BTC) price resurgence above $59,000 has triggered optimism. The momentum has extended to altcoins like Sui, Fantom (FTM), and Jupiter (JUP), each showing gains amidst positive indicators.
At the same time, a new AI-powered altcoin, RCO Finance (RCOF), has emerged with a promising AI-driven platform and a presale offering up to 30x ROI potential.
Bitcoin (BTC) Price Recovers Towards $60,000
The flagship cryptocurrency has been making significant strides recently, reclaiming the $59,000 mark amid a resurgence in market optimism.
According to renowned trader Peter Brandt, who identified a critical pattern known as a ‘foot shot’ on July 6, 2024, Bitcoin’s latest price action suggests a short-term buy signal.
By echoing similar sentiments, Jack Green identified this pattern as a Dragonfly doji candlestick, further reinforcing a potential trend reversal in favor of Bitcoin.
Notably, after testing crucial support levels after last week’s scare plunge amid Mt.Gox BTC transfers, Bitcoin has shown resilience, buoyed by positive technical indicators.
Currently trading at $58,685.18, Bitcoin has support at $55,200 and resistance at $60,700. Technical indicators such as RSI divergence hint at potential upward momentum despite the current bearish sentiment in volume balance.
Bitcoin Buy Signal Triggers an Altcoin Bull Run
Following Bitcoin’s lead, meme coins and altcoins have experienced a notable uptick in investor interest and market valuation.
As Bitcoin asserts its bullish stance, altcoins like Sui (SUI), Fantom (FTM), and Jupiter (JUP) have seen substantial gains.
Sui, for instance, has surged 13% after retesting crucial support levels, poised to break out of a descending channel pattern.
Fantom (FTM) recorded a 9% jump, bolstered by increased price volatility and positive technical indicators despite a recent Death Cross in the 1D timeframe.
Jupiter (JUP), after a correction, added 3.28%, indicating renewed bullish sentiment.
Alongside these established altcoins, a new AI-powered altcoin, RCO Finance (RCOF), is also making waves in its presale, which offers early investors a 30x ROI.
Why RCO Finance (RCOF) is a Worthy Investment
Amidst the cryptocurrency market’s bullish resurgence, RCO Finance stands out with its innovative decentralized trading platform.
Powered by advanced artificial intelligence (AI) and machine learning (ML), RCO Finance offers a revolutionary AI-powered Robo advisor.
This Robo advisor analyzes market trends and investor preferences to offer personalized investment strategies, making crypto investment easy for seasoned traders and newcomers. Once the platform launches, users can automatically trade on it, giving them an edge over other traders who manually analyze the market or depend on intermediaries prone to errors.
In addition, RCO Finance users will get to invest in a diverse array of assets, including stocks, ETFs, real estate, and more, using cryptocurrencies like Bitcoin and Ethereum.
RCO Finance’s smart contracts have undergone rigorous audits to ensure security and reliability and enhance investor trust.
Going by the above features, RCO Finance emerges as a trailblazer with its innovative platform and promising investment opportunities even as Bitcoin and altcoins recover.
RCO Finance (RCOF) Set for a 3000% Surge in Presale
Investors keen on maximizing their investment potential should consider participating in RCO Finance’s ongoing presale.
With stages structured to reward early adopters, participants can benefit from significant price differentials as the token progresses toward listing.
For instance, investing in Stage 1 offers a 169% potential gain to Stage 2, while Stage 1 to the final presale stage presents an impressive 1580% increase.
Once the presale ends, the RCOF token is expected to list on crypto exchanges at $0.4 and $0.6, giving early investors a 30x ROI from a 3000% price increment from stage one to the listing.
In addition to the appreciating value of the RCOF token, RCOF tokens unlock access to various benefits, including discounted transaction fees, passive income through staking rewards and tier-based dividends, and participation in platform governance.
As RCO Finance prepares to launch its full suite of services, including crypto debit cards and expanded trading options, early investors position themselves at the forefront of a transformative financial ecosystem.
Take advantage of this opportunity now, and prepare to yield 3,000% ROI and much more once the token hits major crypto exchanges in the short term.
For more information about the RCO Finance Presale: