The recent drop in Bitcoin's price did not surprise seasoned analysts, and each has their reasons and forecasts in this regard.
Why R. Kiyosaki Sees Advantage in Bitcoin Crash
Robert Kiyosaki views Bitcoin's fall as a buying opportunity, citing the issue not as the cryptocurrency but the US financial system and the 'criminal bankers' leading America to bankruptcy. He highlights over $230 trillion in debt through social programs and national debt, leading to distrust in US bonds and potential inflation spike.
Technical Analysis of Bitcoin's Current State
The analyst 'More Crypto Online' shared a chart showing Bitcoin in a correction phase following a five-wave decline and anticipates a rebound in an ABC correction form.
Potential Scenarios for Bitcoin Price Future
The analyst outlines two scenarios: the 'White Scenario' suggests a rebound to the $89,920–$94,560 resistance range. Breaking above $94,560 may lead to $130,000+. If resistance holds, a new decline under $80,000 is likely.
Market downturns are not stopping seasoned investors and analysts. As experts suggest, such volatility presents both risks and opportunities.
