- Bitcoin preparing for next leg up: Analyst
- Robert Kiyosaki on current Bitcoin performance
A pseudonymous analyst, known as WhaleFactor on the X social media platform, has made a bullish statement on Bitcoin’s current market performance. The pioneer cryptocurrency has been holding relatively firm, while the rest of the crypto and stock markets have been going down rapidly, triggered by recent geopolitical events.
Bitcoin preparing for next leg up: Analyst
WhaleFactor pointed to the fact that, unlike the stock market, Bitcoin is the only asset that is resisting the global 15% tariffs imposed by the U.S. government on the rest of the world. Unlike BTC, the stock market is going down, shedding value, not only due to the aforementioned tariffs but also because of unraveling geopolitical events.
“$BTC is the only life raft in a sea of 15% global tariffs and fiat instability,” the analyst boldly said. What is happening, he believes, is nothing but short-term volatility. He expects Bitcoin to stage a rise after this: “the market shaking out the weak hands before the next leg up.”
HOT Stories
XRP Yield Risks Explained by XRPL Contributor, Schiff Acknowledges Satoshi’s Innovation With Bitcoin, Six Macro Events to Define Crypto Market This Week: Morning Crypto Report
Ethereum’s Massive Slump Continues With Sixth Straight Red Month
To back his point, WhaleFactor published an Alphractal chart of short-term holder (STH) versus long-term holder (LTH) realized prices. The chart shows similar periods of volatility in the past decade and a half, when Bitcoin skyrocketed after heavy plunges.
Besides, he reminded the community about the main unique feature of Bitcoin — its hard-capped supply of 21 million. He referred to current events in the Middle East, saying that “digital scarcity doesn’t care” about them. Judging by the phrase “tick tock,” the analyst expects the Bitcoin spike to happen relatively soon.
Robert Kiyosaki on current Bitcoin performance
Robert Kiyosaki, a renowned financial author who wrote the popular “Rich Dad Poor Dad” book, has commented on the current situation on the financial markets, stressing the recent surge of gold as the traditional inflation hedge added $128 in a single day.
He stated that he now wishes two of his other top-bet assets — silver and Bitcoin — to follow suit. Bitcoin has recently reached an all-time high of over $5,000, and so did silver. But then both crashed by 30% in a single day, on Jan. 30. As for Bitcoin, it has recently lost the $90,000 level and is now trading around $66,000 per coin.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Woo on BTC Price: 'Bull Trap Incoming' - U.Today
Willy Woo warns investors against short-term optimism in Bitcoin's price, indicating a potential bear trap despite possible relief rallies. He emphasizes that the market remains in a bearish phase and that the current conditions do not signify a market bottom.
UToday9m ago
Bitcoin Dip May Continue as Retail Buys Under $70K, Santiment Says
Bitcoin has shown renewed volatility as buyers and sellers clash at key levels. Retail participants have been loading up after the price dipped below $70,000, while larger holders have been trimming positions. Over a period spanning Feb. 23 to Mar. 3, Bitcoin traded roughly between $62,900 and $69,6
CryptoBreaking19m ago
ETH/BTC Ratio Locks Into Tight Range – Why the 0.03 Level Is the Key to Ethereum’s Next Big Move
The ETH/BTC ratio indicates ongoing hype in altcoin season and the continuing march of Bitcoin to new heights. Ethereum and Bitcoin are moving closely together than they have before (with little distance between them) as indicated by the ETH/BTC ratio reaching some of the tightest historical
BlockChainReporter1h ago