Renowned financial author Robert Kiyosaki has shared his thoughts on the future trajectory of the Bitcoin price. So says the author, who is no stranger to the crypto community Bitcoin could rise to $150,000 while revealing what will cause this significant price increase.
What will cause Bitcoin’s rise to $150,000?
Kiyosaki hinted at one after on its X platform (formerly Twitter) that the Discover Bitcoin ETFs will be the catalyst for this The rise of Bitcoin up to $150,000. However, he did not say exactly when Bitcoin will reach this price level, as he only stated that it will happen soon. With this prediction, the author joins a growing list of people who believe it the approval of these funds will be huge for Bitcoin.
Kiyosaki, author of the best-selling book “Rich Dad, Poor Dad,” also expressed his excitement about participating in the flagship crypto token asked. He expects Bitcoin’s value to continue to rise as he says he will continue to buy and add more BTC to his portfolio. He also advocated gold and silver as inflation remains high. According to him, the only “losers” are those who save “fake fiat US dollars.”
The renowned author, who happens to be a proponent of financial literacy, always has been outspoken about Bitcoin. At one point he was everyone urged to invest in the crypto token to prevent them from becoming poorer due to government actions. He had that too labeled as 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 after on its X platform, Bitcoin has established a solid support zone at $42,000. This level of support is said to be backed by 2.48 million addresses with over 1.12 million BTC.
The analyst further stated that Bitcoin could potentially rise as high as $55,000 without ‘major supply zones in sight’. However, the flagship crypto token will first have to break the $48,000 resistance. Once that happens, data from the chain suggests “a clear path forward,” Martinez says.
In a sequel afterthe analyst also offered a bearish narrative as Bitcoin’s price could face a major correction. Martinez noted that the TD Sequential is currently providing a sell signal on Bitcoin’s weekly chart. This indicator is said to predict a correction that could last one to four weeks before the crypto token resumes its uptrend.
At the time of writing, Bitcoin is trading around $46,000, down more than 1% in the past 24 hours. facts from CoinMarketCap.
Featured image of Ars Technica, chart from Tradingview.com
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