Prominent trader and analyst Michael van de Poppe has shared early target figures that suggest Bitcoin may even reach $100,000 and a new ATH this month. The largest digital currency by market capitalization has 3 weeks to capture history to achieve it; this has to be done if it is going to pierce through a significant barrier.
Holding the same sentiment, on Twitter, the popular profile Michael van de Poppe pointed out the significance of BTC in getting past the “crucial breakout level;” roughly around $100,000. After this is achieved, he said the token may skyrocket to record levels as more investors embrace it.
“Bitcoin is aiming for an increase to the upside to retest & break through the level at $100,000,” van de Poppe said in a tweet. They added that if successful, Bitcoin price could peak to another record high by the end of the month.
Robert Kiyosaki’s Perspective on Bitcoin as a Hedge Against Market Collapse
The chart by Van de Poppe helps to illustrate with Bitcoin standing close to this crucial level and showing the possibility of an uptrend. The chart also reveals an area of interest, which marks regions of the chart exhibiting high trading levels which may suggest the breakout area.
In a historically view, Bitcoin has posted gains in the first quarter of most years, which adds to van de Poppe’s bullishness. In the event that the bullish run is sustained, certainly by the time BTC hits $100,000, a quick dash to fresh record highs cannot be ruled out. This seems to have inspired the usual enthusiasm of the investors who are waiting to see BTC make the next giant leap.
Joining the discussion, Robert Kiyosaki, the author of the famous book Rich Dad Poor Dad, has reinforced his existing position on the support of Bitcoin recalling the signals of the coming global crash. A couple of days ago clueless again, Kiyosaki insulted the Financial leadership at the Fed, Treasury, and Wall Street dubbing them “PHD” Poor, Helpless and Desperate.
Currently, Kiyosaki is convinced that due to increasing money printing and coming debts the markets are shifting towards a massive collapse. “The government continues to rely on printed money and that it is wiping out savers,” he said. “Those who invested in real assets such as Bitcoin, Gold and silver are becoming wealthier in the process.”
This sentiment is in line with the forecast that he has made popular leading up to where he stated that ‘real assets’ are going to be safe heavens when the going get tough. This is why Kiyosaki’s endorsement of Bitcoin particularly as an inflation hedge and bet against markets has been popular with many in crypto.
Bitcoin is a few thousand dollars away from crossing the $100k mark, and calls from van de Poppe and Kiyosaki have come to the fore. The next several weeks are critical for the breakout levels which are to be astronomical given technical and Fundamental analysis.
