has shared his thoughts on the future trajectory of the . The author, who is no stranger to the crypto community, says that Bitcoin could rise to $150,000 while revealing what will spark this significant price surge.
What Will Spark Bitcoin’s Rise To $150,000
Kiyosaki hinted in a on his X (formerly Twitter) platform that the will be the catalyst for to $150,000. He, however, didn’t 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 of these funds will be massive for Bitcoin.
Kiyosaki, who authored the best-selling book ‘Rich Dad, Poor Dad, also expressed his excitement at getting in on the flagship crypto token early. He expects Bitcoin’s 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 “losers” are those who save “fake fiat US dollars.”
The renowned author, who happens to be an advocate of financial literacy, has always been . At one time, he to invest in the crypto token to avoid becoming poorer due to the actions of the government. He had also as the “best protection” against a potential wave of hyperinflation.
BTC price at $45,555 | Source:
What Bitcoin Is Saying On the Charts
has provided insight into Bitcoin’s trajectory from a technical analysis angle. Martinez mentioned in 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 holding over 1.12 million BTC.
The analyst further stated that Bitcoin could potentially rise to as high as $55,000 with no “major supply zones in sight.” However, the flagship crypto token will first need to breach the $48,000 resistance. Once that happens, on-chain data suggests “a clear path ahead,” Martinez says.
In a subsequent , the analyst also offered a bearish narrative as Bitcoin’s price could face a major correction. Martinez noted that the TD Sequential is currently flashing a sell signal on Bitcoin’s 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.
At the time of writing, Bitcoin is trading at around $46,000, down over 1% in the last 24 hours according to from CoinMarketCap.