English
Arabic
Chinese (Simplified)
Indonesian
Russian
- Robert Kiyosaki has introduced his subsequent important goal for Bitcoin.
- In accordance with the famend entrepreneur, Bitcoin will attain $100,000 by June 2024.
- Kiyosaki’s prediction comes amid a 5-day BTC value consolidation after a 2-week-long rally.
Robert Kiyosaki, the well-known entrepreneur and creator of the best-seller Wealthy Dad Poor Dad, has introduced his subsequent important goal for Bitcoin. In a latest submit on X, the famend investor predicted BTC will attain $100,000 by June 2024.
Kiyosaki’s prediction comes amid a 5-day consolidation by the flagship crypto after a 2-week-long rally. Bitcoin bounced off an area low of $41,859 on February 1 and by no means appeared again till it climbed above $52,000. The latest rally lasted all through the primary two weeks of February, with Bitcoin gaining 26%.
As seen on TradingView, Bitcoin has traded between $50,647 and $52,884 for the previous 5 days. Many crypto analysts consider that by discovering assist above the $50,000 psychological stage, Bitcoin has positioned itself for a traditional bull run that would register a brand new all-time excessive (ATH).
Past reaching a brand new ATH, most analysts consider creating occasions counsel Bitcoin would purpose for brand spanking new milestones this yr. The latest spot Bitcoin ETF approval by the U.S. Securities and Alternate Fee (SEC) is high amongst such occasions. The pioneer altcoin has recovered from its preliminary pullbacks following the ETF approval, staging a comeback that some analysts name a “rebalancing.”
With the ETF approvals on one aspect, the seasonal Bitcoin halving anticipated to occur in April represents essentially the most important issue behind Bitcoin’s bullish predictions. Therefore, Kiyosaki’s $100,000 Bitcoin projection targets the post-halving rally. That’s when many customers consider BTC would uncover a brand new frontier and lead the remainder of the crypto market into a brand new period.
Bitcoin traded for $52,290 on the time of writing, in keeping with knowledge from TradingView. Scrutinizing the BTC/USD weekly chart exhibits that breaking above this area would open the way in which for Bitcoin to go towards the following resistance, round $60,000, shifting the worth nearer to Kiyosaki’s predicted goal.
Disclaimer: The knowledge introduced on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any variety. Coin Version just isn’t liable for any losses incurred because of the utilization of content material, merchandise, or companies talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.