Robert Kiyosaki Eyes Bitcoin Buying Opportunity Amid Crash Warn
Login

Robert Kiyosaki Eyes Bitcoin Buying Opportunity Amid Crash Warning

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more


The celebrated author of Rich Dad Poor Dad has issued a sobering market alert while revealing his contrarian investment strategy concerning Bitcoin. Robert Kiyosaki warns that Bitcoin, gold, and silver could face significant downturns when current market bubbles burst, yet paradoxically states he’ll increase his holdings if prices collapse.


This cautious stance emerges as Bitcoin hits record highs above $123,000, boasting 26.77% year-to-date gains. Kiyosaki recently paused additional Bitcoin purchases, seeking clearer economic signals despite his bullish $250,000 long-term prediction. His wariness follows Bitcoin’s 33% plunge to $74,434 last April, demonstrating the asset’s ongoing volatility even in its more mature phase.

The financial guru’s approach embodies a balanced philosophy: recognizing Bitcoin’s potential as a scarce asset while respecting market cycles. As Bitcoin continues challenging gold’s dominance – briefly outperforming the precious metal last week – Kiyosaki’s warning serves both as precaution and potential roadmap for opportunistic investors.

Key Bitcoin Levels to Watch – July 21

Robert Kiyosaki Eyes Bitcoin Buying Opportunity Amid Crash Warning

Bitcoin’s rally to its all-time high of $123,231 culminated in a rejection candle on the daily chart, signaling potential exhaustion after the explosive upside move. The subsequent price action has formed a clear swing high, with BTC now entering a ranging phase as the market digests recent gains. Notably, the upper Bollinger Band has acted as firm resistance, reinforcing the near-term bearish pressure. Technical analysts now eye the previously broken resistance level at $109,917 as the next likely target should the correction deepen.

As Robert Kiyosaki prepares his strategy for potential market turbulence, Bitcoin finds itself at a critical technical juncture. The rejection at record highs and emerging ranging pattern suggest traders may be taking profits after the historic rally. Should the $109,917 support level hold, it could reaffirm the bull market’s strength and present a buying opportunity in line with Kiyosaki’s accumulation strategy. However, a decisive break below this level may validate his warnings of a deeper correction.

Bitcoin Key Levels

Resistance Levels: $130000, $140000, $150000
Support Levels: $109717, $100660, $91271

BTC Metrics

Total Market Capitalisation: $3.04T
BTC Market Capitalisation: $2.36T
Bitcoin Volume: $68.4B
Market Rank: #1

Make money without lifting your fingers: Start using a world-class auto trading solution

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News