• Robert Kiyosaki has introduced Bitcoin's subsequent huge objective.
• In line with this well-known entrepreneur, Bitcoin will attain $100,000 by June 2024.
• Kiyosaki’s prediction comes amid a five-day consolidation in BTC costs following a two-week rally.

Robert Kiyosaki, well-known entrepreneur and creator of the best-selling e book Wealthy Dad, Poor Dad, has introduced the subsequent huge factor for Bitcoin. In a current publish on X, this well-known investor predicted that BTC will attain $100,000 by June 2024.

Kiyosaki's prediction comes because the main cryptocurrency is in the midst of a five-day consolidation after two weeks of positive aspects. Bitcoin rebounded from a neighborhood low of $41,859 on February 1st and by no means regarded again till it surpassed $52,000. The current rally continued by means of the primary two weeks of February, with Bitcoin gaining 26%.

As seen on TradingView, Bitcoin has been buying and selling between $50,647 and $52,884 for the previous 5 days. Many cryptocurrency analysts consider that by discovering help above the psychological stage above $50,000, Bitcoin is headed for a basic bull market that might report a brand new all-time excessive (ATH). I consider that I’ve decided my place.

Along with reaching a brand new ATH, most analysts consider that growing occasions counsel that Bitcoin will intention for a brand new milestone this 12 months. The current approval of the Spot Bitcoin ETF by the U.S. Securities and Trade Fee (SEC) tops these occasions. Pioneer altcoins have recovered from the preliminary drop following the ETF's approval and are present process a resurgence that some analysts are calling a “rebalance.”

Contemplating ETF approval on the one hand, the seasonal Bitcoin halving anticipated to happen in April represents crucial issue behind the bullish forecast for Bitcoin. Kiyosaki's $100,000 Bitcoin prediction subsequently targets a post-halving rally. At the moment, many customers consider that BTC will uncover a brand new frontier and usher the remainder of the crypto market into a brand new period.

In line with TradingView knowledge, Bitcoin is buying and selling at $52,290 on the time of this writing. An in depth take a look at the weekly chart of BTC/USD exhibits {that a} break above this space would pave the way in which for Bitcoin to move in direction of the subsequent resistance stage close to $60,000, bringing the worth nearer to Kiyosaki's predicted goal.