.ethereum failed at this resistance level, but Bitcoin may succeed, analyst CalebFranzen believes. $BTC $ETH
Caleb Franzen shared a chart
with a setup that looked, according to the analyst, like Bitcoin was looking to plunge to the $13,400 or even $11,900 levels. This level - $13,400 - is the line at which the Bitcoin price closed at its peak in December 2017 after reaching the all-time high around $18,000, and then in 2019, this price line served as the resistance for BTC during the crypto winter.
The analyst has been expecting that to happen since end of July. Still, he admits that this is just a prediction and will not 100% happen.As reported by U.Today, on the first day of the new year, the renowned investor in real estate, silver and gold, author of the popular book “Rich Dad, Poor Dad” Robert Kiyosaki, tweeted thatHe explained that Bitcoin has been classified as a commodity, similar to gold, silver and oil.
Kiyosaki has been tweeting a lot on Bitcoin since 2020, when the pandemic started, praising it as an antidote to the"dying fake USD." As the pandemic began, the U.S. government and central banks in Japan, the UK, EU, etc., started their stimulus program to support average people and businesses.
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