Bitcoin faces an extreme fall in price from $102,000 to $95,000.
This was a huge disappointment to many traders who expected a significant recovery.
Robert Kiyosaki encourages traders to accumulate BTC while it's on sale.
Another volatile day unfolded for the crypto market as BTC plunged hard to the $95,000 after just having reclaimed the $102,000 price target. This was a disappointing retracement for many crypto analysts who hoped to see the price of Bitcoin reach its previous ATH of $108,268.45 and go on to set higher ATH targets.
Bitcoin’s Latest Plunge Shakes Crypto Market
However, other analysts expected a greater fall in BTC price that could take the value of the pioneer crypto asset to the $85,000 price range before a major reversal brings the value back up to previous ATH prices. Only then did they expect to see new ATHs for BTC price. Presently, the latest dip implies that the correction phase is still far from over.
Robert Kiyosaki Encourages BTC Accumulation
https://twitter.com/theRealKiyosaki/status/1876878184601338270
Despite the dip, BTC Dominance continues to hold leading many analysts to rally behind one thought, accumulate and hold before the next ATH. As we can see from the post above, the reputed financial author, Robert Kiyosaki says that Bitcoin having crashed once again is great news and goes on to say that he continues to accumulate BTC.
In addition, he says that BTC crashing equates to BTC being on sale allowing traders and investors to buy low and hold. This will ensure much more significant gains for holders in the long-run as BTC being a finite resource will eventually boost in demand once the supply dwindles. He concludes reminding the public that BTC is only 2 million away from being completely mined.
The post Bitcoin Price Plunge Shakes Crypto Market, Robert Kiyosaki Shares Resolute Message of Accumulation appeared first on Cryptonewsland.
