Kiyosaki Forecasts Bitcoin Price Dip Below $90K in August
Robert Kiyosaki forecasts a Bitcoin price dip below $90,000 in August, citing the historical “August Curse” trend—on-chain data shows August drops of 13% in 2022 and 11.3% in 2023. He attributes the potential price decline to global economic pressures, U.S. public debt, policy missteps and bank management issues. Bitcoin price recently peaked at $123,000 and trades around $115,000, presenting traders with a buying opportunity amid volatility. Kiyosaki plans to double his holdings if the market falls more than 21%. Traders are advised to conduct independent research, consider market conditions and risk tolerance, and view the predicted dip as a long-term investment opportunity.
Bearish
Forecasting a Bitcoin price dip below $90K suggests increased sell pressure and short-term bearish sentiment as traders may reduce positions ahead of the expected decline. Historical August downtrends and policy concerns reinforce negative market outlook. However, Kiyosaki’s buying strategy at lower levels could support stabilization if prices near the predicted threshold. Overall, the immediate market impact is bearish, though dip-buying interest may emerge.