Bitcoin fell to the $82,000 level, causing $769.61 million in liquidations. Despite current market fluctuations, some see it as an opportunity.
Bitcoin Price Drop
Yesterday, Bitcoin's price fell to $82,000, but buyers quickly intervened, preventing a drop below $80,000. Currently, BTC is trading at $85,747.56, a decrease of more than 3% since yesterday, according to CoinMarketCap.
Market Fear
Data from alternative.me shows that the Bitcoin Fear and Greed Index has dropped to 10, indicating 'extreme fear' among investors. However, the current level of fear is not as high as during the FTX collapse in November 2022, when Bitcoin traded under $20,000.
Optimistic Outlook
Rich Dad, Poor Dad author Robert Kiyosaki remains positive about Bitcoin. He sees the current price decline as a buying opportunity rather than a cause for concern. If Bitcoin holds above $85,000, a retest of $94,877 is likely soon.
Bitcoin's price drop has triggered market fear, but optimists like Robert Kiyosaki remain confident in the cryptocurrency's future growth.
