- Bitcoin’s drop sparks debate some panic, while others see a buying opportunity as it nears a crucial demand zone.
- Robert Kiyosaki stays bullish, citing fiat instability and rising inflation as reasons to accumulate Bitcoin, gold, and silver.
- Bitcoin faces key levels $90K support and $100K resistance. A breakout could signal new highs, while failure may extend losses.
Bitcoin has dropped precipitously, starting reactions of confusion and fear from analysts and investors. Some fear, but others see it as an opportunity. Robert Kiyosaki , successful financial expert, is optimistic. He insists Bitcoin is not the issue but rather a broken monetary system. He believes the United States economy is on the verge of collapsing with its exorbitantly high debt and reliance on fiat money.
Kiyosaki argues that inflation will surge when foreign countries stop buying U.S. bonds. Consequently, he continues buying Bitcoin, gold, and silver whenever their prices drop. He considers Bitcoin as “money with integrity” compared to fiat currency, which he describes as “fake money.”
Bitcoin’s Current Market Situation
According to analyst Andrew Crypto analysis, Bitcoin recently fell to $85,139.5 after being unable to sustain the $90,000 support line. Bitcoin is falling into a demand area of $75,000 to $90,000. In the past, this area has drawn considerable buying interest.
A major resistance zone lies at $100,000, a level that previously triggered strong selling pressure. If Bitcoin surpasses this barrier, further gains toward $115,000 become likely. However, failure to break resistance could lead to additional downside before any meaningful rebound.
Source: Andrew Crypto
Possible Market Scenarios
There are two possible short-term outcomes for Bitcoin. Bitcoin would rise from its present levels, recoup $90,000, and surpass $100,000 in a positive scenario. Rekindled investor optimism could propel it toward $115,000 if momentum holds.
A negative scenario, on the other hand, points to ongoing selling pressure. Any rebound could be delayed if Bitcoin drops any lower before finding solid support. Sharp price swings that reflect trader anxiety are indicative of the market’s continued high volatility.
