- Bitcoin rallied 45% in May, breaking a six-month downtrend and confirming bullish momentum backed by high-profile investor support.
- Robert Kiyosaki called Bitcoin the easiest way to get rich, aligning with market veterans as retail sentiment strengthens.
- Strong accumulation between $75K and $85K set the stage for Bitcoin’s breakout past $109K, now eyeing a key resistance zone.
This week, Bitcoin jumped above $109,000, grabbing the bullish attention of well-known author Robert Kiyosaki. Bitcoin is the “easiest way to get rich,” according to the author, who advised investors to act now before it’s too late. He cautioned supporters against disregarding Bitcoin’s increasing potential and not being a “yellow banana.” Along with highlighting the scarcity of available supply, Kiyosaki sided with positive analysts including Anthony Pompliano, Michael Saylor, and Raoul Pal. His remarks are indicative of a growing wave of consumer optimism supported by recent price movements and a generally upbeat mood in the cryptocurrency industry.
Bitcoin Breaks Free from Six-Month Downtrend
Besides strong investor comments, technical indicators confirm Bitcoin’s bullish momentum. The digital asset traded in a descending channel from December 2024 through April 2025. It touched highs near $108,000 in December but entered a prolonged correction phase afterward. This channel controlled price action for over four months, placing strong pressure on bulls.
Source: World Of Charts
February and March were more volatile months. Bitcoin moved between the $90,000 support and the $105,000 resistance. The market crashed hard in April. The price of bitcoin fell 30% from its peak in December to $75,000. But it turned into a strong accumulation area, which prepared the ground for a great recovery.
Technical Breakout Confirms Bullish Structure
May brought a sharp reversal as Bitcoin rallied from $75,000 to over $109,000. This 45% move occurred in just four weeks. Moreover, the breakout invalidated the downtrend and confirmed a shift in market structure. Volume also expanded during this phase, reinforcing the bullish case.
Two major zones—around $85,000 and $75,000—show heavy accumulation. These zones marked investor interest before and during the crash. Bitcoin now trades above the broken trendline and approaches a resistance band between $108,000 and $110,000. Holding above this level could push the price to new highs.
