- Robert Kiyosaki has announced his next significant target for Bitcoin.
- According to the renowned entrepreneur, Bitcoin will reach $100,000 by June 2024.
- Kiyosaki’s prediction comes amid a 5-day BTC price consolidation after a 2-week-long rally.
Robert Kiyosaki, the famous entrepreneur and author of the best-seller Rich Dad Poor Dad, has announced his next significant target for Bitcoin. In a recent post on X, the renowned investor predicted BTC will reach $100,000 by June 2024.
Kiyosaki’s prediction comes amid a 5-day consolidation by the flagship crypto after a 2-week-long rally. Bitcoin bounced off a local low of $41,859 on February 1 and never looked back until it climbed above $52,000. The recent rally lasted throughout the first two weeks of February, with Bitcoin gaining 26%.
As seen on TradingView, Bitcoin has traded between $50,647 and $52,884 for the past five days. Many crypto analysts believe that by finding support above the $50,000 psychological level, Bitcoin has positioned itself for a classic bull run that could register a new all-time high (ATH).
Beyond reaching a new ATH, most analysts believe developing events suggest Bitcoin would aim for new milestones this year. The recent spot Bitcoin ETF approval by the U.S. Securities and Exchange Commission (SEC) is top among such events. The pioneer altcoin has recovered from its initial pullbacks following the ETF approval, staging a comeback that some analysts call a “rebalancing.”
With the ETF approvals on one side, the seasonal Bitcoin halving expected to happen in April represents the most significant factor behind Bitcoin’s bullish predictions. Hence, Kiyosaki’s $100,000 Bitcoin projection targets the post-halving rally. That is when many users believe BTC would discover a new frontier and lead the rest of the crypto market into a new era.
Bitcoin traded for $52,290 at the time of writing, according to data from TradingView. Scrutinizing the BTC/USD weekly chart shows that breaking above this region would open the way for Bitcoin to head toward the next resistance, around $60,000, moving the price closer to Kiyosaki’s predicted target.
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