Robert Kiyosaki Slams Biden While Urging Bitcoin Buying

Kiyosaki advocates Bitcoin buying, among other assets, amid geopolitical tensions, emphasizing its role as a hedge against economic downturn.

Renowned author Robert Kiyosaki, best known for his book “Rich Dad Poor Dad,” has once again reiterated his stance on Bitcoin, as the largest crypto by market cap hit a new high in about 19 months. In addition, he has taken to social media to share his unique perspective on the Israel-Hamas conflict, tying it to his decision to purchase an electric vehicle (EV).

Kiyosaki suggests that the war’s primary motivation is related to oil, criticizing President Joe Biden’s stance and warning against the potential economic impact of higher gas prices. Notably, he urges followers to resist and safeguard their financial well-being by investing in alternative assets like gold, silver, and notably, Bitcoin.

Technical Analysis
In the past three days, BTC has increased by 8%, breaking the crucial psychological barrier of $40,000, where many sell orders were placed.

At present, maintaining the upward trend and further positive momentum for BTC is the primary scenario. Buyers are likely to quickly move past the next resistance levels at $42,000 and $42,500. The key target for this trend is around the $45,000 mark, where a substantial concentration of sell positions is located.

Significant corrections in the BTC chart are not anticipated. If there is a temporary dip, the asset might test support zones at $40,200-$40,700, $39,800, and $39,400. A general correction could be considered if BTC's price decisively breaks below the $39,000 level on substantial trading volumes.