This past weekend, the world’s largest cryptocurrency Bitcoin (BTC) witnessed momentum, rising 5% to $67,500. Investors started to create positions for the Bitcoin halving, which is expected in three weeks.
Robert Kiyosaki Plans to Increase Bitcoin Assets
Famous investor and author Robert Kiyosaki announced his intention to purchase an additional 10 Bitcoins before April, citing the upcoming BTC halving event as the main motivation. Kiyosaki emphasized the importance of the “Halfing” and stated the upward potential for BTC’s future expectations.
Kiyosaki offers people who cannot fully invest in Bitcoin through newly released Exchange Traded Funds (ETFs) or Satoshis. crypto- He suggested buying fractions of the money. This advice is in line with the belief that owning BTC can yield significant returns over time, even small increases are significant.
Assessing the potential impact of Bitcoin’s design, Kiyosaki expressed optimism that investors could accumulate a full Bitcoin by the end of the year if the cryptocurrency works as intended.
In addition to his immediate plans to increase BTC holdings, Kiyosaki also shared his long-term price forecast for Bitcoin, predicting that its value will reach $100,000 by September 2024. He also advises his followers to invest in gold and silver as well as Bitcoin. did.
I am buying 10 more Bitcoin before April. Why? The “Having.” If you can’t afford a whole Bitcoin you may want to consider buying 1/10 of a coin, via the new ETFs or Satoshi’s.
NEWS CONTINUES BELOWIf the Bitcoin process works as designed you may own a whole Bitcoin by the end of this year.
I…
— Robert Kiyosaki (@theRealKiyosaki) March 25, 2024
BTC Approaches Super Cycle Entry
In recent weeks, BTC has reached a key stage in its price trajectory, having surpassed its all-time high and now consolidating near that peak. Analysts emphasize the importance of this period and state that it is necessary to be patient while Bitcoin forms support in the ATH region.
In particular, experts predict that Bitcoin will remain around ATH for several weeks, preparing the beginning of a supercycle with continued growth. This prediction seems appropriate as previous ATH breakouts have typically seen weeks of sideways movement and consolidation. As sentiment around Bitcoin increases, it is observed that Bitcoin mining difficulty has reached an all-time high.
#Bitcoin – What’s Next?
The big Sunday report, all you need to know:
🚩 TA/LCA/Psychological Analysis: In last week’s Sunday report, we discussed an anticipated sideways movement in the larger timeframe. As observed, Bitcoin is perfectly moving in this sideways region as… pic.twitter.com/BhE5Weycxv
— Doctor Profit 🇨🇭 (@DrProfitCrypto) March 24, 2024
Analysts point to key resistance levels expected to be confirmed at $72,500 before Bitcoin climbs to new highs above $70,000. Although patience is needed, the market remains largely bullish, driven by the cryptocurrency’s resilience and continued institutional interest.
However, investors need to be careful due to selling pressure from institutions like Grayscale in recent market activity.