{"id":34971,"date":"2024-01-10T21:52:39","date_gmt":"2024-01-11T01:52:39","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=34971"},"modified":"2024-01-10T21:52:39","modified_gmt":"2024-01-11T01:52:39","slug":"renowned-finance-author-says-bitcoin-price-is-headed-for-150000-reveals-catalyst","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/01\/10\/renowned-finance-author-says-bitcoin-price-is-headed-for-150000-reveals-catalyst\/","title":{"rendered":"Renowned Finance Author Says Bitcoin Price Is Headed For $150,000, Reveals Catalyst"},"content":{"rendered":"

Renowned finance author Robert Kiyosaki<\/a> has shared his thoughts on the future trajectory of the Bitcoin price<\/a>. The author, who is no stranger to the crypto community, says that Bitcoin could rise to $150,000<\/a> while revealing what will spark this significant price surge.\u00a0<\/p>\n

What Will Spark Bitcoin\u2019s Rise To $150,000<\/h2>\n

Kiyosaki hinted in a post<\/a> on his X (formerly Twitter) platform that the Spot Bitcoin ETFs<\/a> will be the catalyst for Bitcoin\u2019s rise<\/a> to $150,000. He, however, didn\u2019t say exactly when Bitcoin will hit this price level as he only stated that it will happen soon. With this prediction, the author joins a growing list of persons who believe that the approval<\/a> of these funds will be massive for Bitcoin.\u00a0<\/p>\n

Kiyosaki, who authored the best-selling book \u2018Rich Dad, Poor Dad, also expressed his excitement at getting in on the flagship crypto token early<\/a>. He expects Bitcoin\u2019s value to keep rising as he says he will keep buying adding more BTC to his portfolio. He also made a case for Gold and Silver as Inflation continues to be at a high. According to him, the only \u201closers\u201d are those who save \u201cfake fiat US dollars.\u201d<\/p>\n

The renowned author, who happens to be an advocate of financial literacy, has always been outspoken about Bitcoin<\/a>. At one time, he urged everyone<\/a> to invest in the crypto token to avoid becoming poorer due to the actions of the government. He had also labeled Bitcoin<\/a> as the \u201cbest protection\u201d against a potential wave of hyperinflation.\u00a0<\/p>\n\n

What Bitcoin Is Saying On the Charts<\/h2>\n

Crypto analyst Ali Martinez<\/a> has provided insight into Bitcoin\u2019s trajectory from a technical analysis angle. Martinez mentioned in a post<\/a> on his X platform that Bitcoin has established a solid support zone at $42,000. This support level is said to be backed by 2.48 million addresses<\/a> holding over 1.12 million BTC.\u00a0<\/p>\n

The analyst further stated that Bitcoin could potentially rise to as high as $55,000<\/a> with no \u201cmajor supply zones in sight.\u201d However, the flagship crypto token will first need to breach the $48,000 resistance. Once that happens, on-chain data suggests \u201ca clear path ahead,\u201d Martinez says.\u00a0<\/p>\n

In a subsequent post<\/a>, the analyst also offered a bearish narrative as Bitcoin\u2019s price could face a major correction<\/a>. Martinez noted that the TD Sequential is currently flashing a sell signal on Bitcoin\u2019s weekly chart. This indicator is said to be forecasting a correction that could last one to four weeks before the crypto token resumes its uptrend.\u00a0<\/p>\n

At the time of writing, Bitcoin is trading at around $46,000, down over 1% in the last 24 hours according to data<\/a> from CoinMarketCap.\u00a0\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Renowned finance author Robert Kiyosaki<\/a> has shared his thoughts on the future trajectory of the Bitcoin price<\/a>. The author, who is no stranger to the crypto community, says that Bitcoin could rise to $150,000<\/a> while revealing what will spark this significant price surge.\u00a0<\/p>\n

What Will Spark Bitcoin\u2019s Rise To $150,000<\/h2>\n

Kiyosaki hinted in a post<\/a> on his X (formerly Twitter) platform that the Spot Bitcoin ETFs<\/a> will be the catalyst for Bitcoin\u2019s rise<\/a> to $150,000. He, however, didn\u2019t say exactly when Bitcoin will hit this price level as he only stated that it will happen soon. With this prediction, the author joins a growing list of persons who believe that the approval<\/a> of these funds will be massive for Bitcoin.\u00a0<\/p>\n

Kiyosaki, who authored the best-selling book \u2018Rich Dad, Poor Dad, also expressed his excitement at getting in on the flagship crypto token early<\/a>. He expects Bitcoin\u2019s value to keep rising as he says he will keep buying adding more BTC to his portfolio. He also made a case for Gold and Silver as Inflation continues to be at a high. According to him, the only \u201closers\u201d are those who save \u201cfake fiat US dollars.\u201d<\/p>\n

The renowned author, who happens to be an advocate of financial literacy, has always been outspoken about Bitcoin<\/a>. At one time, he urged everyone<\/a> to invest in the crypto token to avoid becoming poorer due to the actions of the government. He had also labeled Bitcoin<\/a> as the \u201cbest protection\u201d against a potential wave of hyperinflation.\u00a0<\/p>\n

What Bitcoin Is Saying On the Charts<\/h2>\n

Crypto analyst Ali Martinez<\/a> has provided insight into Bitcoin\u2019s trajectory from a technical analysis angle. Martinez mentioned in a post<\/a> on his X platform that Bitcoin has established a solid support zone at $42,000. This support level is said to be backed by 2.48 million addresses<\/a> holding over 1.12 million BTC.\u00a0<\/p>\n

The analyst further stated that Bitcoin could potentially rise to as high as $55,000<\/a> with no \u201cmajor supply zones in sight.\u201d However, the flagship crypto token will first need to breach the $48,000 resistance. Once that happens, on-chain data suggests \u201ca clear path ahead,\u201d Martinez says.\u00a0<\/p>\n

In a subsequent post<\/a>, the analyst also offered a bearish narrative as Bitcoin\u2019s price could face a major correction<\/a>. Martinez noted that the TD Sequential is currently flashing a sell signal on Bitcoin\u2019s weekly chart. This indicator is said to be forecasting a correction that could last one to four weeks before the crypto token resumes its uptrend.\u00a0<\/p>\n

At the time of writing, Bitcoin is trading at around $46,000, down over 1% in the last 24 hours according to data<\/a> from CoinMarketCap.\u00a0\u00a0<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-34971","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=34971"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34971\/revisions"}],"predecessor-version":[{"id":34979,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34971\/revisions\/34979"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=34971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=34971"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=34971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}