RVN (Ravencoin) forecast for 2024 year

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RVN (Ravencoin) forecast

Fundamental analysis and news of RVN (Ravencoin)
I see that Ravencoin (RVN) continues to attract the attention of the cryptocurrency community with its unique approach to solving the problems that arise in Bitcoin. The main goal of the project is to provide instant payments around the world and provide developers with tools to create their own assets on the Ravencoin blockchain. The project allows creating, tracking and transferring tokens that can be limited in number and used as collectibles or securities.

🔔 Latest news:

• RVN is now traded on Binance, which shows its stability and acceptance among a wide range of investors.
• Ravencoin’s capitalisation is about $400 million, making it a significant player in the cryptocurrency market.
• Ravencoin is actively developing its infrastructure, including an official website, blog, and presence on forums such as Bitcoin Talk.

Technical analytics of RVN (Ravencoin)

The technical analysis of Ravencoin shows interesting trends, especially considering past price fluctuations and the current market situation.

📈 Historical context:

• Since 2019, Ravencoin has shown stability, gradually rising in price.
• During the 2021 alt-season, RVN reached its all-time highs, followed by a significant correction.
• Current price fluctuations are occurring within the lower red Fibonacci zone.

🛠️ Chart analysis:

• On the monthly timeframe, RVN shows potential for growth, although it is currently in lower positions.
• The weekly chart of horizontal volume indicators indicates that the price may rise further from 0.003 to 0.005, 0.008, 0.013, and even to 0.21.
• The daily chart confirms that RVN has not yet reached its maximum, which opens up opportunities for investors.

Bitcoin forecast, BTC (Bitcoin)

When looking at the forecast for Bitcoin, I see several important aspects that are worth taking into account.

🔮 Development forecast:

• On the daily chart of Bitcoin, an interesting platform is forming near the $ 69700-70000 mark.
• The Kaastk indicator indicates the possibility of a price drop or its retention in a certain corridor.
• The underbought zone can become a rebound point for new growth in the Bitcoin price.

📊 Current status:

• I predict the possibility of the price returning to $84,000, which is in line with previous forecasts on the weekly chart.
• It is important to monitor whether the false exit from the current figure is confirmed on the daily chart.
• Video summary
• Overall, Ravencoin remains a promising project with great potential for growth, especially considering its current low cost and the possibility of reaching significant peaks. Bitcoin continues to show stability, although some corrections are possible.

🚀 Main conclusions:
Ravencoin offers interesting opportunities for investors due to its technological innovations and market position.
Technical analysis points to the possibility of significant growth for both RVN and Bitcoin.
Investors should be cautious and strategic in their decisions to buy and sell cryptocurrencies.
I invite you to subscribe to my YouTube channel for more information and up-to-date news about cryptocurrencies. Thank you for your attention and I wish you success in crypto trading and investments!
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