High trading volume suggests increased interest in Bitcoin, which might indicate the end of the downside correction. But when will BTC go back to $40k? Tradecurve offers a new hybrid trading platform that connects to numerous marketplaces from a single wallet without need to KYC. Read below to see what is going on in the market.
BTC to $40K?
Bitcoin's price is bouncing off support levels at the weekly 200 SMA, showing bulls stepping in and pushing the price up. If Bitcoin's price sustains above key support at $27k, a test of $29k at the daily 50 SMA is very likely. It is still to be seen if bulls can hold the momentum. In the case that they succeed, it may signal the start of an extended Bitcoin rally after the consolidation phase. Which may end in approximately 2 months, according to charts.
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Price action supports this picture by forming a bullish pattern called a hammer, with the price staying compressed below this pattern, which is usually known as a consolidation pattern before a breakout. BTC has seen multiple cycles that have shaped its price and value, and with BTC-USD being the most traded cryptocurrency pair in the world, the entire crypto market is highly correlated with BTC-USD.
With the next halving event on the way, estimated for April 2024, an important bullish event is coming. The halving process implemented in Bitcoin's code reduces the number of new coins distributed to the network and makes Bitcoin deflationary by design.
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BTC price is set to see even more volatility than in the past, with mass adoption and institutional money coming in. However, it might take until next year for it to really take off and breach former all-time-high levels. In combination with the macro environment, this might finally take BTC-USD to six figures.
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Hybrid, Unique, Borderless – Tradecurve.io
After the first and second presale rounds sold out fast, Tradecurve is gaining more and more attention. The multimarket trading platform intends to revolutionize the industry with unique features combining decentralized and centralized exchanges.
Tradecurve enables users to trade forex, stocks, commodities, and crypto from one single account with no KYC requirements. Using the Tradecurve platform is simple; only an email address is needed when connecting your wallet, and after a deposit of supported crypto, the account is ready to trade.
The Tradecurve ecosystem includes access to automated trading, a trading academy, and staking opportunities to earn a monthly passive income. Up to 80% discounts on trading fees are possible. Tradecurve aims to be a transparent crypto project and is built on the Ethereum blockchain.
TCRV is the native token of the hybrid trading platform and helps Tradecurve reach its goal to democratize conventional finance and link it with DeFi. The complete anonymity provided by DeFi, in combination with the decentralized software, enables the trading of a variety of financial instruments in a borderless environment.
As it gets more and more challenging for retail traders to obtain leverage, Tradecurve provides high leverage starting at 500:1 while providing protection against negative balances. The objective is to lower entrance barriers and present a trading platform that offers deep liquidity, anonymity, and quick execution.
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The third stage of the Tradecurve presale has TCRV currently trading at $0.015. Experts foresee a 50x increase during the presale period alone, followed by a potential 100x increase after Tradecurve lists on major exchanges. They recognize the enormous potential that the platform presents to the market.
For more information about $TCRV presale tokens:
