2 years ago
Summary:
- Robert Kiyosaki has forecasted that Bitcoin mightiness find a bottommost astatine $17k oregon $11k
- Mr. Kiyosaki besides said that marketplace crashes were an opportune clip to bargain assets specified arsenic Bitcoin
- According to Bitcoin Analyst Timothy Peterson, Bitcoin could decouple from the Nasdaq astatine the $23k terms area
- Bitcoin is erstwhile again facing the play close, and $28k is the enactment level to ticker alongside the section debased of $26,700
The writer of the fashionable investing publication Rich Dad Poor Dad, Robert Kiyosaki, has forecasted that Bitcoin could find a bottommost astatine either $17k oregon $11k. Mr. Kiyosaki besides pointed retired that marketplace crashes were an fantabulous clip to bargain assets specified arsenic Bitcoin. According to his analysis, Bitcoin is the aboriginal of money. He said:
Why CRASHES are GOOD: Rich dada taught his lad and maine “Your nett is made erstwhile you buy…not erstwhile you sell.”
Bitcoin is the aboriginal of money.
That is wherefore I volition backmost up the motortruck erstwhile the bottommost is in. It whitethorn beryllium $17k oregon adjacent little $11k. Time to get richer is coming. Take care.
Bitcoin Could Decouple from the Nasdaq astatine $23k
Similarly, Bitcoin Analyst Timothy Peterson of Cane Island Alternative Advisors has forecasted that Bitcoin could decouple from the grasp of the Nasdaq astatine a worth of astir $23k. However, helium cautioned that the decoupling of Bitcoin from the Nasdaq astatine $23k did not needfully mean a bottom. His investigation of Bitcoin successful narration to the Nasdaq tin beryllium recovered successful the pursuing tweets.
5/5 This does not mean a bottom, it conscionable means #NASDAQ volition person mislaid its power connected #bitcoin. From there, the top power connected terms would beryllium bitcoin idiosyncratic maturation rates. Take that FWIW.
— Timothy Peterson (@nsquaredmacro) May 14, 2022
Bitcoin’s $28k and $26,700 are Price Levels to Watch During the Weekly Close
At the clip of writing, Bitcoin is trading astatine $29,725, which is $275 little than the important $30k enactment level. At the aforesaid time, Bitcoin is successful wide carnivore territory, trading beneath the 50-day (white), 100-day (yellow), and the 200-day (green) moving averages.
However, its regular MFI, MACD, and RSI constituent towards an oversold script for Bitcoin that could effect successful BTC recapturing $30k oregon adjacent $32k moving forward.
But determination is inactive the play adjacent aboriginal contiguous that mightiness origin a retest of the $28k enactment and the section debased of $26,700 acceptable earlier this week owed to the crypto marketplace meltdown arsenic a effect of UST losing its peg and the consequent ostentation of LUNA.
English (US) 