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BEARISH 📉 : Silver falls 40%, Bitcoin and commodities face market sell-off
Summary:
- Robert Kiyosaki views the recent sell-off in gold, silver, and Bitcoin as a buying opportunity rather than a warning sign, likening it to a market-wide sale.
- Kiyosaki suggests that weaker investors sell during crashes, while stronger investors buy more assets like gold, silver, and Bitcoin once prices stabilize.
- Silver experienced a significant decline, falling over 40% in two days, leading to a broad sell-off across commodities.
- Market analyst Michael van de Poppe noted that Bitcoin initially absorbed the shock but later stalled, as cryptocurrencies tend to follow commodities lower during corrections.
- The 'Supply in Loss' metric for Bitcoin has increased to around 44%, which is indicative of bear markets rather than healthy corrections.
- Ran Neuner stated that Bitcoin has been in a bear market since October 10, 2023, predicting a potential bottom around October 2026, based on the four-year cycle.
- Neuner identified the 200-week moving average near $57,000 as a typical bear market target for Bitcoin.