Bitcoin Drops 2% to $107,988 Amid Kiyosaki Crash Call

Bitcoin's price has recently experienced a notable decline, falling below $108,000. As of the latest market data, Bitcoin is trading at $107,988, marking a decrease from its peak of $110,300 reached last week. This short-term dip has led to a pause in market activity, rather than widespread panic. The market's hesitation is partly due to comments made by Robert Kiyosaki, author of "Rich Dad Poor Dad," who expressed a desire for a significant Bitcoin crash. Kiyosaki believes that such a crash would present an opportunity to purchase more Bitcoin at a lower price. He has already acquired BTC above $100,000 and plans to increase his holdings during any sharp price drop. His ambitious price targets include a prediction of $200,000 by the end of the year and $1 million within five years.

Kiyosaki's remarks have sparked debate, but for long-term holders, they reinforce the broader narrative that dips are opportunities rather than breakdowns. Despite the near-term hesitation, institutional activity has noticeably increased. Spot Bitcoin ETFs saw significant inflows last week, marking four consecutive weeks of inflows beginning mid-June. Additionally, several companies have added to their Bitcoin reserves, viewing it as a long-term treasury asset. These moves provide structural support against short-term volatility.

Recent accumulation highlights include significant inflows into spot BTC ETFs and several companies increasing their Bitcoin holdings. The divergence between short-term sentiment and long-term capital is widening, with the former being cautious and the latter steadily building exposure. Technically, Bitcoin has slipped just below a short-term ascending trendline and the 50-period simple moving average around $108,641. It’s currently hovering near the 0.382 Fibonacci retracement at $108,482, with the Relative Strength Index (RSI) neutral around 45. If BTC loses $108,482 on a closing basis, the following levels to watch are $107,836 and $107,202, which mark the 0.618 retracement. A recovery above $109,267 would bring $109,274 into focus and could signal a bullish continuation.

In addition to technical analysis, geopolitical concerns are keeping markets on edge. The uncertainty surrounding paused U.S. tariffs could weigh on risk assets, including cryptocurrencies. Kiyosaki’s crash call may sound extreme, but it’s consistent with a growing long-term mindset. Institutional flows, ETF demand, and corporate treasury all point to one thing: the smart money is still buying. Whether Bitcoin revisits lower support or breaks above $110,000 again, the fundamentals remain strong. The narrative has shifted from speculation to structure, and that’s a sign of maturity.

The price of Bitcoin lost momentum on Friday, falling to $108,097, and is currently trading around $108,145 as sellers look to drive the price below this level. Bitcoin is currently holding just above the $108,000 level and bulls are maintaining momentum after a volatile start to July. Should Bitcoin fail to sustain above $108,000 and break below the critical $107,300 and ultimately $98,000 support levels, it would confirm a bearish trend. A clear break of Bitcoin's price below the $100,000 level could trigger a drop to the next support levels between $92,000 and $93,000. According to the analyst's forecast, Bitcoin could soon see a huge drop to as low as $70,000.