Renowned Finance Author Says Bitcoin Price Is Headed For $150,000, Reveals Catalyst
January 10 2024 - 4:00PM
NEWSBTC
Renowned finance author Robert Kiyosaki has shared his thoughts on
the future trajectory of the Bitcoin price. The author, who is no
stranger to the crypto community, says that Bitcoin could rise to
$150,000 while revealing what will spark this significant price
surge. What Will Spark Bitcoin’s Rise To $150,000 Kiyosaki
hinted in a post on his X (formerly Twitter) platform that the Spot
Bitcoin ETFs will be the catalyst for Bitcoin’s rise to $150,000.
He, however, didn’t say exactly when Bitcoin will hit this price
level as he only stated that it will happen soon. With this
prediction, the author joins a growing list of persons who believe
that the approval of these funds will be massive for Bitcoin.
Related Reading: Crypto Analyst Predicts Crypto Market To Reach $23
Trillion, XRP Price To Cross $13 Kiyosaki, who authored the
best-selling book ‘Rich Dad, Poor Dad, also expressed his
excitement at getting in on the flagship crypto token early. He
expects Bitcoin’s value to keep rising as he says he will keep
buying adding more BTC to his portfolio. He also made a case for
Gold and Silver as Inflation continues to be at a high. According
to him, the only “losers” are those who save “fake fiat US
dollars.” The renowned author, who happens to be an advocate of
financial literacy, has always been outspoken about Bitcoin. At one
time, he urged everyone to invest in the crypto token to avoid
becoming poorer due to the actions of the government. He had also
labeled Bitcoin as the “best protection” against a potential wave
of hyperinflation. BTC price at $45,555 | Source: BTCUSD on
Tradingview.com What Bitcoin Is Saying On the Charts Crypto analyst
Ali Martinez has provided insight into Bitcoin’s trajectory from a
technical analysis angle. Martinez mentioned in a post on his X
platform that Bitcoin has established a solid support zone at
$42,000. This support level is said to be backed by 2.48 million
addresses holding over 1.12 million BTC. Related Reading:
Shiba Inu Breakout To $0.001? Rumored 9.25 Trillion SHIB Token Burn
Could Be The Catalyst The analyst further stated that Bitcoin could
potentially rise to as high as $55,000 with no “major supply zones
in sight.” However, the flagship crypto token will first need to
breach the $48,000 resistance. Once that happens, on-chain data
suggests “a clear path ahead,” Martinez says. In a subsequent
post, the analyst also offered a bearish narrative as Bitcoin’s
price could face a major correction. Martinez noted that the TD
Sequential is currently flashing a sell signal on Bitcoin’s weekly
chart. This indicator is said to be 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 according to data from
CoinMarketCap. Featured image from Ars Technica, chart
from Tradingview.com
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