Bitcoin Price Analysis – BTC Spikes to a 17-day High as Robert Kiyosaki Makes a Bold Prediction
Highlights:
- Bitcoin price soars to a 17-day high of $87,512, marking a 3% increase.
- Robert Kiyosaki recently announced his second support for Bitcoin, identifying it as the “biggest opportunity in history.”
- With recent developments in the market, can BTC rebound above the $90,000 mark?
Bitcoin price has climbed 3% to $87,512, hitting a 17-day high as the crypto market shows signs of recovery. Accompanying the price movement is its daily trading volume, which has spiked 124%, indicating intense market activity. The bullish sentiment in the BTC market can be attributed to various factors.
Financial education expert Robert Kiyosaki recently announced his second support for Bitcoin by identifying it as the “biggest opportunity in history.” In his recent article, Kiyosaki explained how investors develop their futures through either FOMO or FOMM mentalities. According to Kiyosaki, “FOMM individuals who refrain because of fear of mistakes will come to regret it when Bitcoin prices surpass $200K in 2025.”
WHY POOR PEOPLE remain POOR.
Most of us have heard of FOMO: Fear Of Missing Out.
Yet…the main reason poor people remain poor is due to FOMM: Fear of Making Mistakes.
The biggest opportunity in history is here…BITCOIN has made easy for everyone become rich…..Yet most…
— Robert Kiyosaki (@theRealKiyosaki) March 24, 2025
Moreover, on March 24, Metaplanet announced its acquisition of 150 new Bitcoin through an average deal that cost ¥12.57 million (about $83,000). The firm has accumulated 3,350 Bitcoins under its ownership through purchases, which amounted to an investment cost of ¥42.22 billion ($270 million).
*Metaplanet Acquires Additional 150 $BTC, Now Holds 3,350 BTC* pic.twitter.com/sakdkwHSQZ
— Metaplanet Inc. (@Metaplanet_JP) March 24, 2025
The BTC/USD daily chart has shown remarkable strength, with the king coin climbing 3% to the $87,512 mark. Meanwhile, the market volume has spiked 125%, currently around $22.19 billion. Historically, high volume increases liquidity, increasing the probability of sharp price movements. However, as BTC trades near this critical resistance level, the potential for volatility remains high, especially with the upcoming reopening of traditional financial markets.
Can Bitcoin Price Break Above $90,000 Resistance?
Bitcoin’s daily chart indicates that altcoin has broken out of a falling wedge pattern, reinforcing a bullish trend. The price is currently hovering around $87,512, trading slightly below the 50-day but above the 200-day MA. This positioning suggests that the bulls are gaining dominance, as the bearish momentum appears weak.
If Bitcoin’s price manages to reclaim the 50-day MA as support at $90,272, it may continue its upward movement, potentially retesting key resistance levels at $98,569, $101,549, and $105,722. These zones could ignite more buying interest, causing BTC to reclaim the $109,358K ATH.
Conversely, if Bitcoin fails to reclaim the $90,272 mark, the price may slip to the downside, potentially retesting key support levels at $85,051, which aligns with the 200-day MA. A breach and close below this level would invalidate the bullish bias, potentially reaching the $83,072 and $78,303 support levels. These zones could attract buyers looking to enter at lower levels.
A closer look at the RSI, which currently reads 52.15, upholds a buy signal. Its position above the 50-mean level suggests growing buying interest in the market. Intense buying pressure and rising trading volume could increase BTC’s price potential to $90,000. Meanwhile, traders should closely monitor the next few daily candlestick formations to confirm price direction before taking significant positions.
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Emmaculate Araka
Emmaculate Araka is a cryptocurrency writer with published works on Crypto2Community and other news sources. She is believer in the transformative power of crypto and the blockchain industry, conducting on-chain analysis, breaking down market-triggering events, and helping traders and investors benefit from expert technical price analysis. Emmaculate finds gratification in diving deep into the crypto space, earning herself significant knowledge and experience. She holds a Bsc. in Information Science, and outside work, Emmaculate loves reading novels and watching documentaries.
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