Robert Kiyosaki predicts Bitcoin to crash below $90,000 in August
Main Idea
Robert Kiyosaki predicts a potential 'Bitcoin August Curse' that could drive Bitcoin's price below $90,000, while analysts note key support levels and current market trends.
Key Points
1. The U.S. Federal Reserve decided not to change key interest rates, leading to minor gains in Bitcoin.
2. Robert Kiyosaki anticipates a 'Bitcoin August Curse' that may cause Bitcoin to drop below $90,000, presenting a buying opportunity for him.
3. Bitcoin was trading at approximately $114,340 at press time, down 7% from its mid-July all-time high of $123,091 but up 0.42% in the past 24 hours.
4. Analyst MasterAnanda identified a strong support zone for Bitcoin between $110,000 and $100,000, with $100,000 acting as a psychological and technical floor.
Description
The past week was rather volatile for Bitcoin ( BTC ) after the U.S. Federal Reserve concluded it wouldn’t change key interest rates on Wednesday, July 30. However, the cryptocurrency started to recover on Sunday, August 3, and has since seen some minor gains. Nonetheless, Robert Kiyosaki , an American entrepreneur and financial figure, thinks that Bitcoin is about to take a nosedive this month despite the correction phase. Namely, in an August 4 post on X, the author of Rich Dad Poor Dad predic...
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