Robert Kiyosaki, a renowned finance author, has shared his thoughts on the future trajectory of Bitcoin’s price. Kiyosaki, who is well-known in the crypto community, predicts that Bitcoin could rise to $150,000. He believes that the catalyst for this significant price surge will be the approval of Spot Bitcoin ETFs. However, he did not specify when this price level will be reached, only stating that it will happen soon.
Kiyosaki, the author of the best-selling book ‘Rich Dad, Poor Dad’, expressed his excitement about investing in Bitcoin early. He expects Bitcoin’s value to continue rising and plans to keep adding more BTC to his portfolio. He also advocated for Gold and Silver as inflation continues to rise. According to him, the only “losers” are those who save “fake fiat US dollars.”
The author, an advocate of financial literacy, has always been outspoken about Bitcoin. He has previously urged everyone to invest in the crypto token to avoid becoming poorer due to government actions. He has also labeled Bitcoin as the “best protection” against a potential wave of hyperinflation.
Crypto analyst Ali Martinez has provided insight into Bitcoin’s trajectory from a technical analysis perspective. Martinez mentioned that Bitcoin has established a solid support zone at $42,000, backed by 2.48 million addresses holding over 1.12 million BTC. He further stated that Bitcoin could potentially rise to as high as $55,000 with no “major supply zones in sight.” However, Bitcoin will first need to breach the $48,000 resistance. Once that happens, on-chain data suggests “a clear path ahead,” according to Martinez.
In a subsequent post, Martinez also offered a bearish narrative, suggesting that Bitcoin’s price could face a major correction. He noted that the TD Sequential is currently flashing a sell signal on Bitcoin’s weekly chart. This indicator is forecasting a correction that could last one to four weeks before the crypto token resumes its uptrend. At the time of writing, Bitcoin is trading at around $46,000, down over 1% in the last 24 hours.
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided entirely at your own risk.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | Ali Martinez, Robert Kiyosaki |
| Companies | NewsBTC, X (formerly Twitter), Ars Technica, CoinMarketCap, Tradingview.com |
| Currencies | Silver, Bitcoin, US Dollar, Gold |
| Securities | None |
