Crash

bullish

Galaxy

Bitcoin

Optimism

<p>Though the market is <a href="https://coinpedia.org/price-analysis/bitcoin-looks-weak-after-failed-attempt-to-clinch-100k-a-deeper-pullback-to-90000-could-be-fast-approaching/" target="_blank" rel="noreferrer noopener">ultra bullish on Bitcoin’s price</a> and many expect a Santa rally in December as post-elections Bitcoin tends to rise 30-40%. But there are possibilities of a short-term dip as well. Robert Kiyosaki, the author of the bestselling book Rich Dad Poor Dad, has recently predicted a Bitcoin’s price could “crash” to as low as $60,000.</p>   
<p>This forecast follows Bitcoin’s dramatic rise, which recently brought the cryptocurrency to a near-all-time high of $99,800. However, Kiyosaki’s warning isn’t as critical as it sounds. While he acknowledges the potential for a short-term drop, he remains bullish on Bitcoin’s long-term value.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-long-term-bullish-outlook"><strong>Long-Term Bullish Outlook</strong></h2>   
<p>Kiyosaki has repeatedly <a href="https://x.com/theRealKiyosaki/status/1863161721700982854">expressed </a>his belief that Bitcoin, despite its volatility, is a vital hedge against economic uncertainty. He has warned that the global financial system is on shaky ground due to rising debt levels and potential currency devaluation, particularly the U.S. dollar. </p>   
<p>For Kiyosaki, Bitcoin represents a safe haven, much like gold and silver, especially as governments continue to print money. He has even made bold predictions, such as Bitcoin reaching $10 million per coin in the future due to these economic challenges.</p>   
<p>Despite his concern over a potential price drop to $60,000, Kiyosaki remains committed to Bitcoin as part of his portfolio. He sees any dip as an opportunity to buy more Bitcoin, showcasing his belief in Bitcoin’s long-term potential. </p>   
<blockquote class="wp-block-quote">
  
 <p>“If and when that happens I will not sell. BTC will be having a sale. I will buy more,” he stated.</p> 
</blockquote>   
<h2 class="wp-block-heading" id="h-technically-how-low-bitcoin-can-go-nbsp"><strong>Technically How low Bitcoin Can Go?&nbsp;</strong></h2>   
<p>With short-term correction looming on the horizon Bitcoin at present can drop towards the $60000 to $62000 range. Currently, Bitcoin is facing resistance at about $99,100, a key level that’s preventing it from going higher. On top of that, Bitcoin’s RSI (<a href="https://coinpedia.org/traders/what-is-relative-strength-index-rsi/" target="_blank" rel="noreferrer noopener">Relative Strength Index</a>) is over 74, which suggests that Bitcoin might be overbought. In the past, whenever the RSI reached similar levels, Bitcoin's price usually dropped after a strong rally.</p>   
<p>When Bitcoin corrects, it often finds support at its 50-week <a href="https://coinpedia.org/traders/exponential-moving-average-ema/" target="_blank" rel="noreferrer noopener">exponential moving average</a> (EMA), which is a kind of average price over the last year. In previous rallies, like in 2021, Bitcoin hit highs and then pulled back to the 50-week EMA before continuing. This pattern suggests that Bitcoin might drop to the $62,000 mark, where it could find support and potentially stabilize before moving higher again.</p>   [post_titles_links postid="387829"]   
<h2 class="wp-block-heading" id="h-other-analysts-share-optimism"><strong>Other Analysts Share Optimism</strong></h2>   
<p>While price correction is prominent and considered normal, other analysts are more optimistic about Bitcoin’s future. Mike Novogratz, CEO of Galaxy Digital, does not foresee Bitcoin dropping below $80,000. He believes Bitcoin is in a strong position and will continue to climb in the coming months. Some analysts even predict Bitcoin could hit $150,000, with increasing institutional interest and liquidity driving the market forward.</p>   
<p>Raoul Pal, CEO of Global Macro Investor, also shares a bullish outlook. He has suggested that Bitcoin could surge past $110,000 by January 2025, fueled by global liquidity injections from central banks.</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1733147574917">
  <strong class="schema-faq-question"><strong><strong>What is Bitcoin’s price prediction today?</strong></strong></strong> 
  <p class="schema-faq-answer">The BTC price may range between $93,500 and $98,000 for today.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1733147586558">
  <strong class="schema-faq-question"><strong><strong>What is the Bitcoin price prediction for tomorrow?</strong></strong></strong> 
  <p class="schema-faq-answer">If the bullish sentiment sustains, the star crypto may continue gaining value tomorrow.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1733147598933">
  <strong class="schema-faq-question"><strong><strong>How much will 1 Bitcoin be worth in 2025?</strong></strong></strong> 
  <p class="schema-faq-answer">As per Coinpedia’s BTC price prediction, 1 BTC could peak at $169,046.</p> 
 </div> 
</div>

Bitcoin Price Crash in December? Robert Kiyosaki Predicts Possible Dip to $60K

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