Robert Kiyosaki, author of Rich Dad Poor Dad, has issued a strong warning about the state of the U.S. economy. Amid these concerns, Kiyosaki has predicted BTC price could surge to between $500,000 and $1 million amid Bitcoin setting a new all-time high today. Robert Kiyosaki Concerns Over U.S. Bond Auction Robert Kiyosaki’s recent comments were triggered by a U.S. Treasury bond auction held on May 20. The Rich Dad Poor Dad author stated that no buyers appeared at the auction and alleged the Federal Reserve had to purchase $50 billion worth of bonds itself. The U.S. Treasury Department, however, released data showing a bid-to-cover ratio of 2.97, with $212.58 billion in bids and $74.38 billion accepted. Only $4.38 billion was awarded to the Federal Reserve’s account, according to the official records. This suggests participation was higher than Kiyosaki implied. Despite this, Robert Kiyosaki warned that this event signals a… Read More at Coingape.com
Pi Network (PI) has climbed over 4% in the past 24 hours after the launch of its Migration Roadmap. The token is showing early signs of recovery across several indicators, but confirmation of a sustained uptrend remains uncertain.
While technical setups like the Ichimoku Cloud and RSI suggest a possible shift in sentiment, resistance levels continue to hold strong. At the same time, frustration among the community persists due to the lack of clarity in the Migration Roadmap, adding another layer of pressure to PI’s next move.
PI Tests Cloud Resistance With Weak Trend Structure Ahead
Pi Network is currently trading just below the Ichimoku Cloud, signaling hesitation as buyers attempt to regain control. While recent candles show higher lows and some bullish intent, the price remains under the cloud’s resistance zone.
The Tenkan-sen (blue line) is still below the Kijun-sen (red line), meaning short-term momentum hasn’t overtaken the medium-term trend yet.
Until a bullish crossover forms and the price breaks through the cloud, the structure favors caution over confirmation.
Looking forward, the cloud becomes thicker and increasingly sloped, suggesting that volatility may return and a stronger trend—bullish or bearish—could soon develop.
This widening Kumo indicates that the market may be preparing for a more decisive move, and a successful breakout above the cloud would be a significant signal.
However, as long as PI remains beneath this zone, it stays in a vulnerable position, with rejection and continued sideways movement still on the table.
Pi Network RSI Rises, But Fails to Hold Above 57
The Pi Network’s RSI is currently at 53.77, reflecting a significant recovery from its deeply oversold reading of 32.34 two days ago.
However, after peaking at 57.25 yesterday, the RSI has slightly cooled, suggesting that bullish momentum has weakened somewhat.
This shift indicates that while buying pressure recently returned, it has not yet been strong or consistent enough to sustain a full breakout. The market appears to be stabilizing, but not aggressively trending in either direction.
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and magnitude of recent price changes on a scale from 0 to 100.
Values above 70 typically suggest an asset is overbought and might be due for a correction, while readings below 30 indicate oversold conditions and possible upward reversals. With PI’s RSI sitting at 53.77, the token is in neutral-bullish territory, showing moderate strength but still far from overbought levels.
PI price is currently hovering just below a key resistance level, suggesting that a decisive move could be approaching. If this resistance is tested and broken, PI may resume its upward trajectory, with potential targets around $0.789 and $0.858.
A sustained breakout could even reignite the strong momentum seen a few months ago, paving the way for a push toward $1.23 or even $1.79.
On the downside, if PI fails to break through the $0.66 resistance, the token could face a pullback toward $0.54. A loss of that support level would open the door for a deeper correction, potentially dragging the price down to $0.40.
Until there’s a clear breakout or breakdown, the price remains in a sensitive position, heavily influenced by both technical levels and community sentiment.
Bitcoin (BTC) is down 6% over the past eight days after reaching new all-time highs, and recent technical signals suggest growing uncertainty in the market. Whale activity, which briefly declined, has started to recover, hinting that some large holders may be returning to accumulation.
However, bearish indicators are mounting, with the Ichimoku Cloud showing weakness and BTC trading below key support levels. As price hovers just above $104,584, the threat of another death cross and deeper downside remains unless bulls can reclaim momentum above resistance.
Bitcoin Whale Count Rebounds After Strong Decline
The number of Bitcoin whales—addresses holding between 1,000 and 10,000 BTC—has rebounded slightly to 2,006 after falling to 2,002 earlier this week.
This brief dip followed a sharper decline from 2,021 on May 25, marking a notable short-term reduction in large holders. However, the recovery suggests that some whales may be returning to accumulation.
While the fluctuation was small, such changes are closely monitored, as they often precede shifts in market sentiment or price action.
Monitoring whale behavior is essential due to their outsized influence on Bitcoin’s liquidity and volatility. A decline in whale count can indicate profit-taking or distribution, often signaling caution or a potential market cooldown.
Conversely, a stabilization or rise—like the one observed now—can ease investor concerns and support price resilience at elevated levels.
The number of large holders recovering after a sharp drop may signal renewed confidence among key players, reducing the immediate risk of heavy selling pressure and helping Bitcoin maintain its current range.
Technical Indicators Turn Bearish as BTC Struggles Below Key Levels
The Ichimoku Cloud chart for Bitcoin shows a short-term bearish structure.
Price action is currently positioned below the Kumo (cloud), which is shaded in green and red—indicating that Bitcoin is trading in a zone of weakness relative to historical and projected momentum.
The cloud ahead is red, suggesting that the trend bias for the near future remains bearish unless a reversal breaks through the upper boundary.
The Tenkan-sen (blue line) is below the Kijun-sen (red line), confirming short-term downward momentum. Both lines are angled downward, another bearish signal.
The Chikou Span (green lagging line) is below both price and the cloud, reinforcing that current momentum lacks bullish confirmation.
The future cloud also narrows, which may hint at a potential equilibrium or a consolidation zone ahead. For now, the Ichimoku components align with a bearish outlook. A bullish shift would require the price to break above the cloud and flip the future Kumo from red to green.
Bitcoin Faces Potential Death Cross
Bitcoin price recently formed a death cross, and technical indicators suggest another one could be on the horizon. Price is currently trading just above critical support at $104,584, which has acted as a short-term floor.
If this support fails, the next downside targets sit at $102,135 and potentially as low as $100,694 if the selling pressure intensifies.
The presence of back-to-back death crosses, combined with weakening price action near these levels, raises the probability of a deeper correction in the short term.
On the bullish side, if Bitcoin can mount a recovery and establish strong momentum, it may retest resistance at $106,726.
A break above this level could trigger a sharper move toward $110,728, with a further upside possibility of reaching $112,000 if the rally accelerates.
The Federal Reserve is having a closed-door meeting today to discuss potentially cutting interest rates. This would help crypto in a few ways, spurring risky investments and possibly even weakening the dollar.
Fed Chair Jerome Powell has been hesitant to cut rates, but he is under a lot of pressure. BlackRock’s CEO Larry Fink is currently pessimistic about rate cuts, claiming that they may even increase this year.
Soon after, the White House denied the rumors, resulting in a crash. However, the Federal Reserve is having a closed-door meeting today, and it may plan to cut interest rates:
“A closed meeting of the Board of Governors of the Federal Reserve System at will be held 11:30 am on Monday, April 7, 2025. The following matters of official Board business are tentatively scheduled to be considered at that meeting: review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks,” the Fed’s website read.
There are many reasons why the Federal Reserve could cut interest rates. High rates make fixed-income investments more attractive, drawing capital away from riskier assets like stocks and cryptocurrencies, while low rates make these assets more attractive.
Rate cuts have often corresponded with market rallies, especially with ZIRP after the 2008 crash.
Fed Chair Jerome Powell initially signaled that he was reluctant to cut rates at this moment, but pressure has been building for him to do so. Unfortunately, that may not matter yet.
Larry Fink, BlackRock’s pro-crypto CEO, has been very pessimistic about possible cuts. In a recent televised interview, he claimed that most CEOs believe the US is already in a recession and that the country is currently not a “global stabilizer” in the markets.
Under these conditions, he stated that there’s a 0% chance of 4 to 5 rate cuts and that rates may even increase.
BREAKING: Blackrock CEO Fink says that he worries that Trump’s actions are much more inflationary than the markets expect, and the economy is weakening as we speak.
He also says that he sees a 0% chance of four or five interest rate cuts this year, and sees a chance of interest… pic.twitter.com/wyTpBoCP5W
When the Federal Reserve cuts interest rates, it isn’t a bullish signal across the board. They also tend to weaken the US dollar as its yield advantage diminishes relative to other currencies.
This would also be good for crypto, considering its use as a store of value, but the Fed isn’t particularly interested in that. The industry won’t be the deciding factor either way.
Still, other commentators have been highly skeptical of Fink’s claim. Powell is under a lot of pressure to cut rates, so raising them would buck market expectations. Investors are betting on multiple rate cuts, and these hypothetical cuts may be priced to a certain extent.
Looking back at previous cycles, periods of rate cuts have often coincided with market rallies. For instance, during the post-2008 recovery, rate cuts revived equity and emerging asset classes.
Overall, lower rates typically mean easier access to credit, leading to more liquidity in the market. This extra liquidity can help drive up demand for riskier assets, including cryptocurrencies.
So, If the FOMC signals a shift toward lower interest rates, this could boost overall market confidence. As traditional markets begin to stabilize and recover, crypto markets might experience a rebound.
Investor sentiment, already shaken by the recent sell-offs and heightened volatility, could turn more optimistic with the prospect of easing monetary conditions.
Most importantly, institutional investors, who have been cautious during the current volatile period, may adjust their strategies in a lower-rate environment.
With lower fixed-income yields, portfolio managers could increase their allocation to alternative assets, including cryptocurrencies, to achieve higher returns. This influx of institutional capital could lend credibility to the crypto market and help drive a recovery.
