Bitcoin Price Forecast as Bearish Momentum Drives BTC Below $63,000 Threshold – Identifying the Next Support Zone

Bitcoin Price Prediction: Experts Forecast Bullish Trends and Institutional Investments

Robert Kiyosaki Endorses Cathie Wood’s Bitcoin Prediction: A Potential Surge for $MEDA

Financial expert Robert Kiyosaki has thrown his support behind Ark Invest’s prediction that Bitcoin could surge to between $120,000 and $2.3 million. Kiyosaki emphasizes the value of taking risks and investing in Bitcoin, suggesting that such steps offer both financial growth and valuable lessons. His endorsement could boost investor confidence, potentially increasing demand and driving up Bitcoin prices.

Mark Yusko Forecasts $300 Billion Boom from Baby Boomers into Crypto

Mark Yusko, CEO of Morgan Creek Capital, anticipates a significant $300 billion transfer from American baby boomers’ retirement accounts into cryptocurrency, particularly through Bitcoin ETFs. This influx could propel Bitcoin’s total market value close to $6 trillion, marking a substantial market upswing and indicating a pivotal shift in investment trends towards cryptocurrency.

U.S. Economic Slowdown and High Inflation Shape Investor Sentiment

The first quarter of 2024 saw slower U.S. economic growth and persistently high inflation, with the Personal Consumption Expenditures Price Index rising above the Federal Reserve’s target. Investors are bracing for another inflation report, which could weaken confidence in the U.S. dollar and increase interest in cryptocurrencies like Bitcoin as inflation hedges.

Bitcoin Price Prediction

Today’s Bitcoin analysis reveals a slight downturn in price, with immediate support levels identified at $62,460, $60,990, and $59,745. Resistance levels are at $65,092, $66,745, and $68,350. Technical indicators suggest a bearish sentiment, with the outlook remaining bearish below $63,580.

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