bitsCrunch 608% & 1,619% Easy Targets · 2,630% Possible Or MoreI am going with a classic on this project and Cryptocurrency trading pair, the RSI bullish divergence.
We are going to be looking at bitsCrunch (BCUTUSDT) on the request of one of our great followers. This chart is awesome. A true bottom catch—all-time low just hit—with high potential for growth and strong bullish reversal signals. Let's get started.
BCUT's daily RSI bottomed around June 2024. Oversold. Red.
BCUTUSDT continued lower and set a low around September and then again November 2024 before a nice recovery. The late 2024 bullish wave might seen small here but it almost reached 900%.
Then came the correction, a strong one. BCUTUSDT broke it's 2024 support zone and hit a lower low. At this same time, the RSI produced a higher low compared to June 2024. This gives us the bullish divergence signal and this signal tends to support a change of trend.
BCUT went on after its 7-April low and produced a lower low, an all-time low, 10-July. A true market bottom. The candle for this session ended closing green with a long lower wick, which means bullish. Three days later we have a recovery. From now on, we can expect maximum growth.
The ~900% bullish wave in late 2024 shows that this pair can do wild numbers. If it can grow this much in just 26 days, imagine how much it can grow in 180 days. Good to visualize. Huge potential. A great altcoin choice.
1,619% and 608% are easy targets. The 2,630% target is do-able with a standard bull market.
Thanks a lot for your continued support.
Namaste.
