- Robert Kiyosaki predicted that Bitcoin could find a bottom at $17,000 or $11,000.
- Kiyosaki also said a market crash is a good time to buy assets like Bitcoin.
- According to Bitcoin analyst Timothy Peterson, Bitcoin could break out of Nasdaq in the $23,000 price zone.
- Bitcoin faces a weekly close once again, with $28,000 a support level to watch with a regional low of $26,700.
Robert Kiyosaki, author of the popular investment book Rich Dad Poor Dad, predicted that Bitcoin could find a bottom at $17,000 or $11,000. Kiyosaki also pointed out that market crashes are a good time to buy assets like Bitcoin. According to his analysis, Bitcoin is the future of money. that said:
Why Conflicts Are Good: Rich dad taught son and me, “Your profit is made when you buy, not when you sell.”
Bitcoin is the future of money.
So I will back up the truck in case it goes down. It could be $17,000 or even lower $11,000. The time to get rich is coming. How are you.
Bitcoin could split off Nasdaq for $23,000.
Similarly, Timothy Peterson, a Bitcoin analyst at Cane Island Alternative Advisors, predicted that Bitcoin could break out of Nasdaq hands at a valuation of around $23,000. However, he cautioned that a Bitcoin split at $23,000 on the Nasdaq does not necessarily mean a bottom. His analysis of Bitcoin as it relates to the Nasdaq can be found in the following tweet:
— Timothy Peterson (@nsquaredmacro) May 14, 2022
Bitcoin’s $28,000 and $26,700 are price levels to watch for during the week’s close.
As of this writing, Bitcoin is trading at $29,725, which is $275 below the critical $30,000 support level. At the same time, Bitcoin is in a clear bearish zone, trading below the 50-day (white), 100-day (yellow) and 200-day (green) moving averages.
However, the daily MFI, MACD, and RSI point to an oversold scenario for Bitcoin where BTC could retake $30,000 or $32,000 in the future.
However, there is still a weekly close later tonight that could trigger a retest against the $28,000 support set earlier this week and the regional low of $26,700 as the UST loses its peg and LUNA’s inflation-driven cryptocurrency market collapse.