Bitcoin’s Future: $100,000 Ceiling or $500,000 by 2025? Experts Weigh In
Peter Brandt, a veteran commodities trader with many years of experience, is at it again. In a recent post on X (formerly Twitter) Brandt is calling out the conventional wisdom that Bitcoin will plateau at $100,000.
He says this is conventional wisdom. When conventional wisdom is the narrative, it’s usually wrong.
Brandt’s approach is contrarian. “When conventional wisdom becomes conventional I do the opposite” he says, implying he thinks Bitcoin will go beyond $100,000.
This comes as Bitcoin is getting volatile again. Over the weekend BTC fell from $95,500 to $95,860 then bounced 3.2% to $98,920. Now it’s at $97,215, down 1.65% on the day.
Can Bitcoin Reach $500,000? Kiyosaki’s Big Call
While some are focused on $100,000 others like Robert Kiyosaki are looking higher. The “Rich Dad Poor Dad” author recently said Bitcoin could reach $500,000 by 2025. He didn’t say which AI tool he used but his prediction aligns with his long term view of Bitcoin as a hedge against the existing financial system.
Kiyosaki also mentioned he’s going to follow Michael Saylor’s “strategic Bitcoin plan” of buying BTC steadily. Despite last week’s all time high of $99,500 he’s still bullish but will stop buying if Bitcoin gets to $100,000.
Looking further out he’s in line with Saylor’s big picture, Bitcoin will be $13 million a coin in 10 years.
Technical Outlook: Is Bitcoin’s Rally Losing Steam?
Bitcoin’s recent struggles with breaking above $100,000 reflect underlying market dynamics. On the 4-hour chart, the cryptocurrency has slipped below its ascending channel, raising questions about the sustainability of its rally. Key levels to watch include:
Immediate Resistance: $95,074
Next Resistance Levels: $98,396 and $100,296
Support Zones: $93,000, with deeper levels at $92,610 and $90,806
The Relative Strength Index (RSI) currently stands at 49.39, leaning toward bearish momentum after slipping below the 50-mark. Furthermore, the 50-day Exponential Moving Average (EMA) suggests additional overhead resistance, signaling a cautious short-term outlook.
For Bitcoin to regain its bullish momentum, reclaiming the $95,074 pivot level is crucial. A break above this level would pave the way for a test of $98,396, while failure to hold $93,000 may trigger further declines toward $90,806 or even $88,804.
Key Takeaways:
Peter Brandt’s View: Market expectations of a $100,000 Bitcoin plateau are overly simplistic; contrarian traders expect more upside.
Kiyosaki’s Prediction: Bitcoin could skyrocket to $500,000 by 2025, with an AI-backed forecast fueling optimism.
Technical Trends: Bitcoin is battling key resistance levels, with the RSI reflecting bearish momentum and downside risks below $93,000.
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