Big drop! 20240131

CN
1 year ago

Robert Kiyosaki has made headlines for his support of Bitcoin (BTC). He sees digital currency as a primary defense against the systematic erosion of wealth by institutions such as the Federal Reserve, the Treasury, and Wall Street bankers. Kiyosaki's investment strategy now strongly favors Bitcoin over traditional assets such as stocks, bonds, and fiat currency. He views the US dollar as part of a "counterfeit wealth" system, and has chosen to move funds into gold, silver, and Bitcoin.

Market Analysis:

BTC: On the 4-hour chart, the price has fallen below the Bollinger Band's midline, indicating a return to a weaker range.

On the daily chart, the price has dropped below the moving average support, showing weaker momentum.

In summary, the support level is at 42300, and the resistance level is at 42800.

ETH: The price has fallen below the Bollinger Band's midline, indicating weaker momentum, with support at 2280 and resistance at 2310.

LTC: The price has dropped below the Bollinger Band's midline, showing weak momentum, with support at 66 and resistance at 69.

BCH: The price is near the lower Bollinger Band, indicating weak momentum, with support at 220 and resistance at 250.

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