Famous entrepreneur and Rich Dad Poor Dad author Robert Kiyosaki has revealed his next big goal for Bitcoin. In a recent post, he predicted that by June 2024, Bitcoin will hit $100,000.
Kiyosaki’s prediction comes at a time when Bitcoin has been stabilizing for five days, following a strong two-week rally. Starting from a low of $41,859 on February 1st, Bitcoin surged consistently, reaching above $52,000. Throughout the first half of February, Bitcoin enjoyed a steady climb, gaining 26%.
Bitcoin’s Path to New Highs: Analysts’ Views
On TradingView, Bitcoin has been trading between $50,647 and $52,884 for the last five days. Many crypto analysts interpret this as a positive sign, suggesting that by holding above the psychological $50,000 mark, Bitcoin is setting the stage for a potential bull run that could see it reach a new all-time high (ATH).
Analysts are not only eyeing a new ATH for Bitcoin but also anticipate new milestones this year. The recent approval of a spot Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC) is considered a significant development. Despite initial pullbacks, Bitcoin has rebounded, with some analysts describing it as a “rebalancing.”
BITCOIN to $100k by June 2024.
— Robert Kiyosaki (@theRealKiyosaki) February 18, 2024
Looking ahead, the upcoming Bitcoin halving expected in April is seen as a major factor driving bullish predictions for Bitcoin. Therefore, Robert Kiyosaki’s projection of $100,000 for Bitcoin targets the post-halving rally. Many believe that after the halving, Bitcoin will enter a new phase, leading the broader crypto market into uncharted territory.
At the time of writing, Bitcoin is trading at $52,290. Analysis of the BTC/USD weekly chart suggests that breaking above this level could pave the way for Bitcoin to approach the next resistance level around $60,000, bringing it closer to Kiyosaki’s projected target.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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