{"id":477107,"date":"2024-02-01T11:21:29","date_gmt":"2024-02-01T11:21:29","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=477107"},"modified":"2024-02-01T11:21:29","modified_gmt":"2024-02-01T11:21:29","slug":"bitcoin-price-prediction-rich-dad-poor-dad-author-robert-kiyosaki-expects-to-make-a-fortune-from-his-btc-as-this-bitcoin-cloud-mining-platform-soars-past-10-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-rich-dad-poor-dad-author-robert-kiyosaki-expects-to-make-a-fortune-from-his-btc-as-this-bitcoin-cloud-mining-platform-soars-past-10-million","title":{"rendered":"Bitcoin Price Prediction: Rich Dad Poor Dad Author Robert Kiyosaki Expects To Make A Fortune From His BTC As This Bitcoin Cloud Mining Platform Soars Past $10 Million"},"content":{"rendered":"

The Bitcoin price <\/span>dropped<\/span><\/a> more than 1% over the past 24 hours to trade at $42,177.83 as of 2:20 am EST.<\/span><\/p>\n

Robert Kiyosaki Expects His BTC Holdings To Make Him A Fortune<\/span><\/h2>\n

Still, Robert Kiyosaki, the best-selling finance author of Rich Dad Poor Dad, says he expects his Bitcoin holdings to be a great source of wealth in the future. In a recent <\/span>interview<\/span><\/a> with Kitco News, the author said that the 66 BTC he owns will make him a “fortune” as retirement funds begin to flow into spot Bitcoin ETFs (exchange-traded funds).<\/span><\/p>\n

The Bitcoin Price Drops Out Of Its Bullish Channel<\/span><\/h2>\n

\"TradingView<\/p>\n

4-hour chart for BTC\/USDT (Source: <\/span>TradingView<\/span><\/a>)<\/span><\/p>\n

The <\/span>Bitcoin<\/span><\/a> price dropped out of a medium-term positive price channel throughout the past 48 hours. This also resulted in the leading cryptocurrency plummeting below the $42,450 support level. If BTC fails to reclaim this support within the next 24 hours, it may be at risk of plummeting to the subsequent support level at $40,000 in the upcoming couple of days.<\/span><\/p>\n

Traders and investors will want to note, however, that a falling wedge pattern has formed on the crypto’s 4-hour chart. This specific pattern is generally seen as bullish and may indicate that the Bitcoin price will begin to rise soon. <\/span><\/p>\n

A potential confirmation of this upward move could be when BTC closes a 4-hour candle above $42,450. Following this, the Bitcoin price may begin to climb towards the $44,430 resistance level. A break above this threshold could then open up a path for the crypto king to possibly rise to as high as $47,390 through the course of the following week.<\/span><\/p>\n

Technicals Warn Of A Further Drop In The Bitcoin Price<\/span><\/h2>\n

Technical indicators on BTC’s 4-hour chart are currently flagging bearish. The Moving Average Convergence Divergence (MACD) line is breaking away below the MACD Signal line. Traders may identify this as a sign that BTC’s bearish trend is growing stronger. In addition to this, the Relative Strength Index (RSI) is positioned below its Simple Moving Average (SMA) line, which signals that bears are stronger than sellers.<\/span><\/p>\n

However, the RSI line on the 4-hour chart is sloped positively, and is also positioned near oversold territory. This suggests that <\/span>BTC’s<\/span><\/a> upside potential is greater than its downside potential. Buyers may identify this as a buy opportunity, which will subsequently boost the Bitcoin price in the short term.<\/span><\/p>\n

While bears and bulls battle it out on BTC’s charts, investors may want to take a look at Bitcoin Minetrix for its upside potential on launch and also to start earning a passive income paid in BTC.<\/span><\/p>\n

Making Bitcoin Cloud Mining Safe Again<\/span><\/h2>\n
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Big Announcement! 🎉#BitcoinMinetrix<\/a> has hit a phenomenal milestone, raising over $10,000,000! 🪙 pic.twitter.com\/toEsT1NvWv<\/a><\/p>\n

— Bitcoinminetrix (@bitcoinminetrix) January 31, 2024<\/a><\/p><\/blockquote>\n