Bitcoin Rockets to New Heights

Renowned author of “Rich Dad Poor Dad,” Robert Kiyosaki, has made a bold prediction for Bitcoin’s future price. Kiyosaki’s endorsement and reputation can potentially bring attention and credibility to Bitcoin, attracting a wider audience, including skeptical mainstream investors.

His prediction of Bitcoin reaching $120,000 suggests strong bullish sentiment and long-term optimism. If realized, this significant surge could draw in more investors, including institutions, who view Bitcoin as a lucrative opportunity.

August 22, 2023, in Johannesburg, South Africa, BRICS nations announce gold backed crypto. US $ will die. Trillions of US $ rush home. Inflation through the roof. Buy Gold,
Silver. Bitcoin to $120k next year.

— Robert Kiyosaki (@theRealKiyosaki) July 11, 2023

Kiyosaki discussed the BRICS alliance’s adoption of the gold standard and their plans to introduce a gold-backed cryptocurrency, which could disrupt the valuation of the US dollar. In light of the potential devaluation of the USD, Kiyosaki advised his followers to hedge against anticipated inflation by considering the purchase of gold and silver.Kiyosaki’s prediction reinforces the perception of Bitcoin as a hedge against inflation and economic uncertainty, aligning with its store of value and safe haven asset narrative. However, it’s crucial to recognize that cryptocurrency predictions are speculative and influenced by multiple factors such as market sentiment, regulations, technology advancements, and macroeconomic conditions.

Key BTC Levels To Watch – July 11

Bitcoin’s price surge throughout the year continues to target liquidity pools from last year’s decline, providing opportunities for Buy-side delivery. A strong bullish trendline has consistently supported the creation of new price highs, fueling the upward momentum.

However, the market is currently oversold according to the MACD indicator, potentially leading to a price pullback from the resistance zone. Traders and investors are eagerly anticipating another test of the bullish trendline, which has the potential to reignite bullish momentum and propel the price to even greater heights.

BTC Key Levels

Supply Levels: 31050.0, 32000.0, 36000.0
Demand Levels: 28500.0, 25300.0, 20400.0

Total Market Capitalization: $1.2T
BTC Market Capitalization: $593.0B
BTC Volume: $15B Market Rank: #1

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