- Robert Kiyosaki predicts Bitcoin to reach $100,000 by June 2024.
- Bitcoin’s value increased 26% after surpassing $52,000 in early February.
- Bitcoin’s halving event in April anticipated to drive significant price surge.
The well-known businessperson and writer of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has declared his latest major goal for Bitcoin
Kiyosaki has made a forecast during a period where the leading cryptocurrency has been stable for five days following a rally that lasted for two weeks. After reaching a low of $41,859 on February 1, Bitcoin has consistently risen, surpassing the $52,000 mark. This upward trend persisted over the initial two weeks of February, resulting in a 26% increase in Bitcoin’s value.
According to data from TradingView, the price of Bitcoin has fluctuated within the range of $50,647 to $52,884 over the last five days. Numerous cryptocurrency experts think that Bitcoin’s ability to maintain a value over the significant $50,000 mark suggests it is set up for a typical bullish trend, potentially leading to a new record high.
Surpassing a previous all-time high, the consensus among experts is that unfolding circumstances indicate Bitcoin is targeting further significant achievements in the current year. The approval of a spot Bitcoin Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC) stands out as a primary event of this nature. Following the initial setbacks after the ETF endorsement, the leading alternative cryptocurrency has recovered, which several market observers describe as a “rebalancing.”
The sanctioning of ETFs is one aspect, but the anticipated Bitcoin halving event in April is considered the primary driver for optimistic forecasts about Bitcoin’s value. Therefore, Kiyosaki’s forecast of Bitcoin reaching $100,000 is focused on the surge expected after the halving. At this point, numerous participants anticipate that Bitcoin will reach uncharted territory and spearhead a novel phase for the entire cryptocurrency market.
At the moment of this report, Bitcoin is exchanging hands at $52,290, as per the information from TradingView. A close examination of the BTC/USD weekly chart indicates that surpassing this level could pave the path for Bitcoin to advance towards the subsequent resistance level, which is approximately $60,000, thereby bringing the price nearer to the forecasted target by Kiyosaki.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
