Market Analysis by MarketPulse (Zain Vawda) covering: Bitcoin. Read MarketPulse (Zain Vawda)'s Market Analysis on Investing.com
prices surged today to levels last seen in July after closing above a key resistance level yesterday. An overnight pullback nearly touched the psychological 65,000 mark, but a renewed rally is now eyeing a push towards the 70,000 level.
In an October 15 post on X, he remarked, “This is absolutely astounding and surpasses all pre-launch demand predictions. This is not ‘reckless retail’; it’s financial advisers and institutional investors gradually embracing the trend.”Optimism continues to grow that the world’s largest cryptocurrency is ready for a bullish breakout. However, we have been here before over the past few months only to be left disappointed.
In another surprise and concern for bulls if you will, famed crypto enthusiast Robert Kiyosaki who has continuously touted Bitcoin,Mr Kiyosaki has once again claimed that a massive financial market crash is coming akin to the 2008 crisis. He suggested that Bitcoin could drop as low as 5000 yet he says this is an opportunity for astute investors.Bitcoin is currently trading around 0.
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