The price of the leading cryptocurrency has “stalled” below the $100,000 mark and could plummet to $60,000, according to Robert Kiyosaki, author of the bestseller “Rich Dad Poor Dad” and entrepreneur.
BITCOIN to CRASH
Bitcoin is stalled short of $100k. That means BTC may crash to $60k.
If and when that happens I will not sell. BTC will be having a sale. I will buy more.I predict Bitcoin will settle around $250 in 2025.
At this stage of the BTC process… price is not…
— Robert Kiyosaki (@theRealKiyosaki) December 1, 2024
He intends to buy more bitcoins if the price falls. Kiyosaki believes the asset’s price will stabilize around $250,000 in 2025.
“At this stage of the process, the price is less important than the number of bitcoins acquired. I need more,” the investor stated.
Analyst Willy Woo responded, noting that breaking $100,000 is “most likely to happen.” However, if a crash occurs, the next support level would be $70,000.
Buy every dip here on in.
But currently looking like blasting past 100k is going to happen.
70k is immense support if all markets crash.
— Willy Woo (@woonomic) December 1, 2024
A day before his prediction, Kiyosaki himself forecasted the “imminent” surpassing of $100,000. He again urged the purchase of digital gold, as the asset will become accessible only to the “ultra-rich, such as corporations, banks, and state funds” as its price rises.
In November, the entrepreneur revealed he owns 73 BTC and plans to increase his portfolio to 100 BTC within a year.
Most Bet on Continued Rally
At the time of writing, Bitcoin is showing a slight correction, having retreated from the $98,000 level. The cryptocurrency is trading around $94,900.
Bitcoin Archive authors noted that for six months, digital gold has started the month with a dip, followed by a rebound each time.
FYI — #Bitcoin has dipped at the start of every month for 6 months before bouncing back each time. pic.twitter.com/zDDwKToFGc
— Bitcoin Archive (@BTC_Archive) December 2, 2024
Earlier, CryptoQuant analysts warned of a local peak formation and a potential end to the cryptocurrency rally based on five key indicators.
Some experts remain confident in the continuation of the bull market, highlighting December’s historically favorable conditions for Bitcoin and the reduction of BTC balances on leading exchanges.
YouTuber Crypto Rover believes the cryptocurrency has broken upwards from a “converging triangle” pattern and entered a growth zone.
#Bitcoin is breaking out!? pic.twitter.com/w3hwryyr8L
— Crypto Rover (@rovercrc) December 1, 2024
PlanB, the creator of the contentious Stock-to-Flow model for Bitcoin, reiterated his forecast of a $150,000 price in December. The analyst believes the driver will be an increased inflow of funds into spot BTC ETFs.
✅ Oct: BTC 70k
✅ Nov: BTC 100k (actually $99.8k ATH but close enough + largest $26k monthly candle ever!)
⬜️ Up next: Dec 150k ?? https://t.co/ltmBQ03toe pic.twitter.com/4exUia868Y— PlanB (@100trillionUSD) December 1, 2024
Analysts at ARK Invest have previously set a price target for Bitcoin in the range of $104,000-$124,000 by the end of the year.