Robert Kiyosaki, author of “Rich Dad Poor Dad,” predicts Bitcoin (BTC) price will reach $300K by 2024.
Renowned author and avid Bitcoin enthusiast, Robert Kiyosaki, recently took to Twitter to share his bold prediction about the future of Bitcoin. In his post, Kiyosaki emphasized that the current surge in Bitcoin’s price is just the beginning, and he expects it to skyrocket to an astonishing $300,000 by the end of the year. He urged his followers to start investing in Bitcoin immediately, highlighting that even a small investment of $500 could lead to significant gains.
Advertisement
Bitcoin is currently on fire, and Kiyosaki warned against the biggest mistake one could make, which is to procrastinate and miss out on this opportunity. He stressed the importance of getting started, even if it’s with a modest amount. According to his tweet, Kiyosaki believes that Bitcoin’s price will reach $300,000 per coin by 2024.
On March 5, Bitcoin reached an all-time high of $69,200. However, it experienced a slight dip shortly after, with its value dropping below $63,000. Despite these fluctuations, the investment climate for Bitcoin remains stable. The Relative Strength Index (RSI) currently sits at 58, indicating a balanced market that is neither too hot nor too cold.
Further analysis reveals a bullish market sentiment towards Bitcoin. It has successfully surpassed the 50-Day Exponential Moving Average (EMA) of $62,598, demonstrating investors’ confidence in the cryptocurrency. Furthermore, the appearance of a Doji candlestick pattern near the $69,000 support level suggests that the market is in a reflective state, waiting for its next move.
Nevertheless, astute investors have not hesitated to seize the moment. The brief dip below $63,000 was seen as an opportunity to accumulate more Bitcoin rather than a setback. This sentiment is reinforced by Bitcoin’s rebound from the 20-day exponential moving average of $58,100, indicating a strong market demand even during price declines.
Bitcoin’s immediate objective is to break through the $69,000 level. If successful, it is highly likely to reach $75,000 and eventually $80,000. However, there are potential obstacles to this bullish outlook. Bears are attempting to halt the bull run and push Bitcoin below the key 20-day EMA. Failure to maintain this level could result in a sharp price drop, potentially down to $49,000, the 50-day simple moving average.
Tags
Bitcoin