Bitcoin's price movement today is largely influenced by the anticipation of new tariffs imposed by President Donald Trump on Mexico, Canada, and China. These tariffs, which are set to take effect today, have created uncertainty in the market, leading to a cautious approach among investors. Robert Kiyosaki, author of "Rich Dad Poor Dad," has expressed that these tariffs could lead to a decline in Bitcoin's price, viewing potential drops as buying opportunities. Kiyosaki's perspective aligns with his long-standing investment philosophy of capitalizing on market downturns to accumulate assets at discounted prices.
Additionally, Bitcoin is facing resistance at significant price levels, as noted by crypto market analyst Justin Bennett. Bennett warns that Bitcoin could experience selling pressure as it approaches resistance at $106,061, with potential downward movements towards $98,600 and $91,800. This technical analysis suggests that investors should exercise caution, as the market may experience short-term fluctuations. Despite these challenges, some investors remain optimistic about Bitcoin's long-term prospects, with strong demand for spot Bitcoin ETFs supporting a potential upward movement.
Currently, Bitcoin is trading at $102,260.07, reflecting a slight decrease of 0.14% today. The cryptocurrency reached a high of $102,754.06 and a low of $101,546.63 during the day.