‘Rich Dad, Poor Dad’ author Robert Kiyosaki expects BTC to hit $100,000 by June as experts say this Bitcoin derivative could yield 100x profits.

The price of Bitcoin has fallen more than 1% over the past 24 hours, trading at $51,672 as of 4:30 a.m. ET, while trading volume has surged 12% to nearly $22 billion.

However, market sentiment surrounding BTC still appears to be quite optimistic. Following last month’s approval of a Bitcoin spot ETF, BlackRock launched another ad yesterday to boost sales.

And Robert Kiyosaki, the famous author of ‘Rich Dad, Poor Dad’, shared his thoughts on the coin and predicted that BTC is just a few months away from hitting $100,000 per coin.

Bitcoin will increase to $100,000 by June 2024.

— Robert Kiyosaki (@theRealKiyosaki) February 18, 2024

Bitcoin price prediction

For about a week now, the price of Bitcoin has fluctuated between the support level of $51,000 and the resistance level of $52,500. The coin has crossed this level a few times, but for the most part, the price has been trading sideways for almost a week since February 15th.

However, in the future the coin may pop out and breach one of the two levels that seem to be binding it. Mainly because not only does Bitcoin not sit still for too long, but this year is expected to be a big year for the coin.

Not only has a Bitcoin ETF been approved, but halving is coming soon. Historically, the price of a coin has typically been inflated prior to a halving and only corrected after the halving has occurred.

In the months that followed, BTC witnessed a massive bull run that typically dragged the rest of the cryptocurrency industry with it. That said, there is good reason to expect the coin to skyrocket over the next 12 months.

However, in the short term, BTC is still showing no signs of breaking out in any way. The coin’s Bollinger Bands have been maintaining a relatively stable width for a few days now, with the price moving around the upper band without any significant impact, something we have not seen before in the past few days.

The relative strength index (RSI) level of the coin is also mostly in the neutral zone, with the current value being 53.40. It is worth noting that the RSI score has risen from the threshold of oversold territory, which is a sign that traders are buying again, which could push both RSI levels and the price of the coin higher.

If this happens, BTC will likely hit support at $52.5,000 once again, but so far it has lacked the strength to break through it. However, it is worth noting that the last time BTC reached $52,000 was in mid-March 2021, so BTC is currently at its highest level in almost three years.

Therefore, it is entirely possible for BTC to attempt to move higher towards the $55,000 level if the bulls push the coin past the $52.5,000 resistance level. However, this may require a strong bullish push.

A promising alternative to Bitcoin

Despite Bitcoin’s recent price increase and positive predictions about the coin’s future, many people believe there are far better investment options than BTC itself. One such alternative could be Bitcoin Minetrix (BTCMTX), a cloud mining platform.

contrast #Bitcoin Metrics vs. Traditional cloud mining:

⚖️ Danger: #BTCMTX – User control, easy withdrawals/extensions – No refunds, long-term contracts.

🤝 Simplicity: #BTCMTX – purchase $ETH, $BNB, $USDT / Existing – complex contracts. pic.twitter.com/xcKWnINseh

— Bitcoin Minetrix (@bitcoinminetrix) February 16, 2024

Bitcoin Minetrix allows users to purchase the native token, BTCMTX, and then stake it on the platform. In return, stakers receive credits to mine Bitcoin. This could be especially beneficial right now, considering Bitcoin mining rewards are scheduled to be halved again in just two months.

Bitcoin Minetrix has also developed a decentralized and fully transparent platform to reassure the community that may be skeptical about any cloud mining scams that have occurred in the past. The token, BTCMTX, is currently selling for $0.0136 and has raised $11.2 million in pre-sales to date.

YouTube cryptocurrency analyst Jacob Bury says BTCMTX has 100x potential once it launches.

If you decide to participate in the presale directly, please note that you can purchase BTCMTX in exchange for ETH or USDT. Alternatively, you can purchase directly with your debit or credit card.

Visit the BTCMTX pre-sale here.

Related articles:

A new cryptocurrency mining platform – Bitcoin Minetrix

• Thanks to Coinsult
• Decentralized, secure cloud mining
• Get free Bitcoin every day
• Native token currently in pre-sale – BTCMTX
• Staking Rewards – APY 50% or more