Robert Kiyosaki Explains the Real Reason Behind Bitcoin Crash as Analysts Maps Out BTC Price Path to $130k

The Bitcoin price dropped yesterday under $83k for the first time since November last year. However, BTC managed to briefly bounce back from these lows and is now trading above $86k.

Robert Kiyosaki, the author of the best-selling book Rich Dad Poor Dad, took to Twitter to share his thoughts on the recent Bitcoin crash.

According to Kiyosaki, the real reason behind Bitcoin’s price drop is that America is bankrupt.

“Bitcoin is on SALE I AM BUYING. WHY: The problem is not BITCOIN. THE PROBLEM is our Monetary System and our criminal bankers.

“America’s bankrupt. Our debt including social programs, such as Medicare and Social Security, including our $36 trillion debt is over $230 trillion. I don’t trust U.S. bonds. When Japan and China stop buying U.S. bonds, inflation will skyrocket and crash the ecnomy and the dollar.

“But I smile and AM BUYING BITCOIN. Kiyosaki adds. “Bitcoin is money with integrity. It’s true value. They print trillions of fake money. I will gladly trade their fake money for gold, silver, and Bitcoin. They are on sale.”

Earlier this year, Kiyosaki advised his followers to invest in Bitcoin and silver as the dollar crashes. He also warned that the U.S. empire is coming to an end and advised his followers to prepare for it.

Recently, Kiyosaji has been sharing his thoughts on the Bitcoin price crash. In another recent tweet, Kiyosaki said that he is enjoying the Bitcoin crash.

“Having great time watching the DEEP STATE get more desperate as Bitcoin crashes. Deep State fools people with Ben Bernanke’s 'new paradigm' in 2013. They lied. Now they are getting hit with the TRUTH. BTC is money. Fiat currency is COUNTERFEIT. Pay attention. Get out of the lie. SMILES.”

Bitcoin price dropped today to lows of $82,899. At the time of writing, BTC is trading at $85,806 and has recovered some of its recent losses.

Analyst 'More Crypto Online' shared a technical analysis on X.

The chart highlights Bitcoin currently ranging within a corrective structure, typically denoted by Elliott Wave theory. It appears that BTC has completed a five-wave decline, which is standard for an (1)-(2)-(3)-(4)-(5) structure.

After such a five-wave move, we would anticipate a retracement upward in the form of an ABC correction.

The analyst presents two possible scenarios for Bitcoin's next move. In the "White Scenario," we could see this corrective rally reach the $89,920 - $94,560 resistance zone before Bitcoin continues its downward trend.

Alternatively, the "Yellow Scenario" suggests that if Bitcoin breaks above $94,560 with a clear five-wave rally, this would indicate the correction phase is complete, potentially setting BTC on course toward the $130,000+ region.

Several key Fibonacci retracement levels form a critical resistance zone between $89,921 (38.2% retracement) and $94,560 (61.8% retracement).

Bitcoin's ability to break through this zone will likely determine which scenario plays out. The chart also identifies important support levels at $87,911, $84,764, $82,899, and $79,906, with recent price action showing a bounce from the lower support area - possibly indicating this level may hold.

From an Elliott Wave standpoint, the recent completion of a five-wave decline suggests we are due for a corrective rally. A decisive factor will be whether Bitcoin can move above $94,560 in a five-wave rally pattern, which would confirm the bullish Yellow Scenario.

If price action faces rejection at the $89,920 - $94,560 resistance zone, another leg lower could materialize before a complete recovery occurs.

For traders and investors following this technical setup closely, the key takeaway is that Bitcoin needs to convincingly close above $94,560 to validate the bullish case toward $130,000+.

If it fails to do so and stalls at the identified resistance zone, BTC could experience another leg lower, potentially retesting support levels below $80,000.