Crypto Daily - While Bitcoin (BTC) is finally breaking beyond the descending trendline it has been below since the $109,000 all-time high back in January, Billionaire entrepreneur Robert Kiyosaki posted on X that those who acquire Bitcoin, gold and silver may come out of the current market crash on top.
Kiyosaki asks “Are you listening?”
Robert Kiyosaki, author of Rich Dad Poor Dad, took to X on Sunday to post his views on how Bitcoin, gold, and silver were sending the market a very important message. He said that gold was at an “all time high”, silver demand was “exploding”, and Bitcoin was “roaring”, and he asked the question:“Are you listening?”Kiyosaki reiterated what he had prophesied in his previous books, such as Rich Dad Poor Dad, and Who Stole My Pension, that the biggest stocks and bonds crash in history was coming. He added that this crash had now arrived.
He remarked in his X post:
“The corrupt and crooked US dollar is being wiped out. Savers of stocks, bonds, ETFs, and MUTUAL FUNDS are being wiped out…their wealth stolen, by a sinister global banking cartel, known as Central Banks….led by The Bank of International Settlements Bank of England, Bank of Japan, European Central Bank…. and in the US known as “The Fed.””He went on to say that “it’s not too late”, affirming that those who bought Bitcoin, gold, and silver, could still come out of this “premeditated disaster” as the “new rich and the new leaders of the world.”
US still has much to do to avoid crash
If Kiyosaki is right about the timing of the crash, it suggests that perhaps the US and China may not do a trade deal, other countries might also take a stand, and the current problem the US has with refinancing its debt could worsen.When all is said and done, no matter the amount of gloss that might be put on it, the US is in an extremely critical position. U.S. stock markets have rallied over the last week, and the S&P 500 might even get back above $5,800, but the 10-year bond yield remains high, and refinancing around $7 trillion in debt that matures this year will be a tough task.
$BTC breaks through 3-month downtrend and confirms above
Source: TradingView
For the short-term time frame it can be seen that the $BTC price has broken through the descending trendline and has confirmed the break. This confirmation has so far taken place up to the daily time frame.
The next step for the bulls, besides consolidating above the trendline, is to take out the last local swing high at $88,600. If this happens, the path back to the $109,000 all-time high could be open.
Weekly indicators turn bullish for $BTC
Source: TradingView
The weekly view of the Bitcoin chart shows how close the price got to the top of the previous bull flag, which is likely to be incredibly strong support, if one takes into account the years that it took for the bulls to finally break above.
The Relative Strength Index near the bottom of the chart shows that the indicator bounced again from the very strong support structure at the 44.00 level. Also, the Stochastic RSI, just below this, displays the tilt back up with the blue indicator line on top. If both indicator lines can pass the 20.00 level this would signal strong upward price momentum.
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