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Kiyosaki Sees Opportunity in Bitcoin Price Drop

Robert Kiyosaki, author of Rich Dad Poor Dad, views Bitcoin’s price dip as a prime buying opportunity, emphasizing its scarcity and long-term value potential.

• Main Points:

  • Market View: Kiyosaki sees Bitcoin’s decline as a sale, not a setback.

  • Scarcity Advantage: Less than 2 million Bitcoins remain to be mined.

  • Wealth Strategy: Advocates buying during dips and holding for long-term growth.

  • Hedge Potential: Highlights Bitcoin’s role against economic instability.

• Detailed Insights:

  • Kiyosaki’s Perspective: Tweeted, “Bitcoin crashing. Great news. … Bitcoin is on sale,” signaling optimism despite market volatility.

  • Scarcity Appeal: With only 21M Bitcoins ever to exist, limited supply underpins its future value.

  • Investment Philosophy: Promotes “Buy low and HODL” as a strategy to build wealth.

  • Economic Hedge: Views Bitcoin as a critical asset for safeguarding against financial uncertainty.

Related: Crypto Market Drops Amid Strong U.S. Economic Data

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Bitcoin’s Price Decline: How Low Could It Go?

Bitcoin’s price has dropped over 8.5% in four days, now targeting $90,000 for potential support. Analysts explore scenarios, including a bounce or further declines.

• Main Points:

  • Current Status: Bitcoin is down 14% from its record high, currently trading near $93,525.

  • Key Support Levels: Analysts highlight $90,000 as a crucial support level, with potential dips to $88,600 or lower.

  • On-Chain Metrics: Traders’ realized price averages around $88,000, aligning with downward targets.

  • Head & Shoulders Pattern: Technical patterns suggest possible declines to $73,000.

  • Analyst’s Predictions: Bounce scenarios and key ranges, including $85,300, $88,000, and $90,000.

• Detailed Insights:

  • Support at $90,000: Analysts such as AlphaBTC and Michael van de Poppe foresee Bitcoin testing the $90,000 range. If this level fails, further declines to $85,300 or lower are anticipated.

  • Realized Price Target: CryptoQuant’s Julio Moreno points to $88,000 as the realized price, marking a potential support area during bull markets.

  • H&S Pattern Impact: Veteran trader Peter Brandt identifies a head-and-shoulders pattern, targeting $73,000 if the trend persists.

  • Technical and Market Trends: Analysts note leverage unwinding and lower trader profit margins as healthy corrections. Macro-level targets align with key moving averages at $84,885 and $72,962.

  • Analyst Sentiment: Aksel Kibar sees $73,700 as a significant defense line, while others prepare for volatility near $90,000.

Related: Bitcoin RSI Hits Oversold Levels Amid Price Dip

As Bitcoin’s price tests critical levels, analysts highlight both caution and opportunity for traders navigating this volatile period.

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Will the US Government Buy Bitcoin? Peter Schiff Thinks Not

Peter Schiff, CEO of Euro Pacific Capital, doubts the US government will purchase Bitcoin despite President Trump's earlier pro-crypto promises. However, a proposal from Senator Cynthia Lummis could change that narrative.

• Main Points:

  • Peter Schiff's Claim: Schiff asserts that the US government will not buy Bitcoin, citing skepticism despite Trump’s pro-Bitcoin stance.

  • Trump’s Campaign Promise: Before his 2024 victory, Trump promised to establish a national Bitcoin reserve.

  • Current Plan: Trump plans only to freeze Bitcoin seized from criminal activities, not make new purchases.

  • Pro-Crypto Proposal: Senator Cynthia Lummis suggests Washington purchase one million BTC over five years.

• Detailed Insights:

  • Schiff’s Skepticism: Schiff points to the lack of federal action to acquire Bitcoin as evidence, stating markets may have overestimated Trump’s intentions.

  • Trump Administration’s Approach: No current steps have been taken to follow through on the campaign promise of building a Bitcoin reserve.

  • Lummis’s Ambitious Plan: The Republican senator’s proposal, if adopted, could trigger significant Bitcoin acquisitions by the government.

  • Market Reactions: MicroStrategy’s recent Bitcoin purchase fueled speculation, but Schiff warns of potential crashes tied to such moves.

  • Schiff’s Bitcoin Critique: While Schiff doesn’t hate Bitcoin itself, he criticizes speculative fervor, comparing it to stock market volatility.

Related: Why Is Dogecoin Price Falling Today?

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results