Bitcoin has now managed to recover to the level of $ 38,637, which is the 76.4% Fibonacci level. At the moment, the price has dropped by more than 80% from the last round of growth. It has not yet been possible to gain a foothold above the level of $ 38,637, and the target level of about $ 31,100 has not been worked out. Therefore, according to all technical signs, the fall of cryptocurrency should continue in the near future. It should also be noted that bitcoin if it starts a new "bullish" trend, does it quite sharply. Now we are seeing a sluggish departure from the local minimum. In any case, the price has a level of $ 38,637 on top and a critical Kijun-sen line on a 24-hour timeframe. They must be overcome without fail if bitcoin is "aiming" for a new "bullish" trend.
Robert Kiyosaki is waiting for bitcoin much lower.
Well, while no "bullish" trend has started, let's consider some new opinions about the future of bitcoin. The author of the bestseller "Rich Dad, Poor Dad" Robert Kiyosaki believes that in the coming months, bitcoin can collapse to $ 20,000 per coin. The writer stated that he had previously used the opportunities to buy bitcoin at $ 6,000 and $ 9,000. Thus, he will consider a drop to $ 20,000 to be an excellent opportunity to buy more coins of the main cryptocurrency. He noted that investors make a profit when they buy an asset, not when they sell it. However, it should be noted that at the end of last year Kiyosaki predicted the collapse of financial markets, which did not happen. And even earlier he called for buying bitcoin and precious metals, which, in his opinion, will help to wait out the crisis. As we can see, opinions are changing, forecasts are changing too.
Nicholas Merten believes that the market has reached the bottom.
At the same time, a very well-known trader Nicholas Merten said that a drop to $ 33,000 could be the basis for the new strong growth of bitcoin in 2022. The trader expects that by the end of the year the cryptocurrency will grow to $ 200,000 per coin, but he calls the retention of the total capitalization of bitcoin above $ 600 billion an important condition. The expert believes that the lower the price drops, the more investors will want to buy "digital gold" at a discount. In general, opinions are divided, as usual, so we continue to closely monitor technical factors: important lines of the Ichimoku indicator on the 4-hour and 24-hour TF, as well as trend lines.
On the 24-hour timeframe, the quotes of the "bitcoin" are fixed below the ascending trend line, so at this time, we have a "bearish" trend. Moreover, it is quite strong. In just 2.5 months, bitcoin has fallen by $ 30,000. To resume the decline in the near future, bitcoin needs to stay below $ 38,637 and the Kijun-sen line. A rebound from below from any of these obstacles will provoke a resumption of the fall with a target of $ 31,100.
