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BTC: Preparing for Potential Surge
Bitcoin consolidates below $69,000, anticipating market catalysts for a potential price surge.
Joe G & Money Talks
May 27, 2024 • Estimated Reading Time: 6 minutes
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Robert Kiyosaki: Buy Bitcoin, Warns of Bond Crash
BTC: Preparing for Potential Surge
Michael Saylor: Bitcoin's Success
Robert Kiyosaki, author of Rich Dad Poor Dad, advises investors to shift to "safer real assets" like bitcoin amidst warnings of a bond market crash.
BIGGEST LIE financial planners tell gullible, mom and pop investors: The lie is: “Bonds are safe.” Millions of even so-called “sophisticated” investors will take losses when so-called AAA bonds crash when commercial real estate crashes. The once glamorous office real estate… x.com/i/web/status/1…
— Robert Kiyosaki (@theRealKiyosaki)
3:30 PM • May 26, 2024
Main Points:
Kiyosaki's Advice: Invest in Bitcoin before bond market crash; criticizes bonds as unsafe.
Bitcoin Projections: Anticipates Bitcoin's price to reach $2.3 million.
Detailed Insights:
Market Forecast: Warns of losses when AAA bonds and commercial real estate crash.
Previous Predictions: Previously forecasted bitcoin to hit $100,000 by September.
Kiyosaki suggests Bitcoin as a safer investment amidst market uncertainties, projecting significant gains for the cryptocurrency.
Related: Kiyosaki’s Alert: BRICS Crypto Threat to US Dollar
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BTC: Preparing for Potential Surge
Bitcoin consolidates below $69,000, anticipating market catalysts for a potential price surge.
#Bitcoin Has now been trading against its previous cycle high for ~11 weeks.
In 2017 this took ~4 weeks.
In 2013 this took ~13 weeks.Both resulted in massive expansion afterwards.
I'm not expecting $BTC to go slow this time either, once it leaves this price range behind us.
— Daan Crypto Trades (@DaanCrypto)
8:03 PM • May 26, 2024
#Bitcoin aims to consolidate in these levels.
Where to buy?
Losing $66K and I think we'll test range low and be buying there again.
That's the level where you'd want to get your purchases ready.
— Michaël van de Poppe (@CryptoMichNL)
7:08 AM • May 27, 2024
Main Points:
Consolidation: BTC holds below key $69,000 resistance, awaiting market direction.
Market Trends: Memorial Day affects trading; the focus shifts to macroeconomic factors.
Price Forecast: Predictions vary, with targets ranging from $95,000 to $150,000.
Technical Analysis: Mixed sentiments persist amid recent price action, including the CME futures gap closure.
Detailed Insights:
Price Levels: Traders monitor liquidity at $68,100 and $69,800.
Breakout Potential: Debate over upside breakout or deeper correction continues.
Post-Halving Dynamics: Halving impact still relevant; surge expected post-consolidation.
Whale Activity: Notable accumulation observed among Bitcoin whales.
Related: Bitcoin Consolidation Continues
Okay had my fun lol.
On a more serious note, $ETH still holding this flipped resistance which is acting as support so doesn't look that bad atm.
Again with my primary scenario being a breakdown on BTC to 62-63k now I think we probs end up falling back below ultimately but for… x.com/i/web/status/1…
— CrediBULL Crypto (@CredibleCrypto)
8:09 PM • May 23, 2024
#Bitcoin whales have been buying like never before 👀
— Vivek⚡️ (@Vivek4real_)
2:58 PM • May 26, 2024
₿itcoin reached $68,496. -0.43%
♢Ethereum reached $3,903. +2.26%
MicroStrategy CEO Michael Saylor expresses bullish optimism for Bitcoin's future, cautioning against interfering with its progress.
Main Points:
Saylor's Optimism: Saylor believes in Bitcoin's inevitable success and advises against interference.
Bitcoin's Strengths: He highlights Bitcoin's decentralized nature and its potential to solve global economic challenges.
Development Support: Saylor emphasizes the need for ongoing innovation and funding for Bitcoin's sustainability.
Regulatory Challenges: He discusses the regulatory difficulties surrounding Bitcoin's disruptive influence.
Detailed Insights:
Price Surge Caution: Analyst John Bollinger warns of potential short-term correction in Bitcoin's price based on technical indicators.
Long-Term Outlook: Despite short-term concerns, Bollinger remains optimistic about Bitcoin's future growth.
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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results