Bitcoin’s Bottom May be at $17k or Even Lower at $11k – Rich Dad Poor Dad Author

Abstract:

• Robert Kiyosaki has forecasted that Bitcoin would possibly discover a backside at $17k or $11k
• Mr. Kiyosaki additionally stated that market crashes have been an opportune time to purchase property similar to Bitcoin
• In accordance with Bitcoin Analyst Timothy Peterson, Bitcoin might decouple from the Nasdaq on the $23k worth space
• Bitcoin is as soon as once more dealing with the weekly shut, and $28k is the help stage to look at alongside the native low of $26,700

The creator of the favored investing ebook Wealthy Dad Poor Dad, Robert Kiyosaki, has forecasted that Bitcoin might discover a backside at both $17k or $11k. Mr. Kiyosaki additionally identified that market crashes have been a wonderful time to purchase property similar to Bitcoin. In accordance with his evaluation, Bitcoin is the way forward for cash. He said:

Why CRASHES are GOOD: Wealthy dad taught his son and me “Your revenue is made whenever you purchase…not whenever you promote.”

Bitcoin is the way forward for cash.

That’s the reason I’ll again up the truck when the underside is in. It could be $17k and even decrease $11k. Time to get richer is coming. Take care.

Bitcoin Might Decouple from the Nasdaq at $23k

Equally, Bitcoin Analyst Timothy Peterson of Cane Island Various Advisors has forecasted that Bitcoin might decouple from the grasp of the Nasdaq at a worth of roughly $23k. Nevertheless, he cautioned that the decoupling of Bitcoin from the Nasdaq at $23k didn’t essentially imply a backside. His evaluation of Bitcoin in relation to the Nasdaq might be discovered within the following tweets.

5/5 This doesn’t imply a backside, it simply means #NASDAQ could have misplaced its affect on #bitcoin. From there, the best affect on worth could be bitcoin consumer progress charges. Take that FWIW.

— Timothy Peterson (@nsquaredmacro) May 14, 2022

Bitcoin’s $28k and $26,700 are Worth Ranges to Watch Throughout the Weekly Shut

On the time of writing, Bitcoin is buying and selling at $29,725, which is $275 decrease than the essential $30k help stage. On the similar time, Bitcoin is in clear bear territory, buying and selling beneath the 50-day (white), 100-day (yellow), and the 200-day (inexperienced) shifting averages.

Nevertheless, its every day MFI, MACD, and RSI level in direction of an oversold situation for Bitcoin that would end in BTC recapturing $30k and even $32k shifting ahead.

However there may be nonetheless the weekly shut later tonight which may trigger a retest of the $28k help and the native low of $26,700 set earlier this week because of the crypto market meltdown on account of UST shedding its peg and the next inflation of LUNA.