Bitcoin is trading at $108,000, up 1% in the Asian session as financial anxiety buys. “Rich Dad Poor Dad” author Robert Kiyosaki said a 1929 style crash would happen after the US credit downgrade. He cited rising interest rates, debt and student loan crisis as triggers.
His advice: own Bitcoin, gold and silver as protection.
MOODYS DOWN GRADE of US DEBT:
Q: What does a Moody’s Downgrade mean?
A: It means Moodys, a credit rating agency, is warning the world the US is like a dead-beat dad who is spending borrowed money, without a job, and not taking care of his family.
Q: What else does a…
— Robert Kiyosaki (@theRealKiyosaki) May 20, 2025
Economist Jim Rickards said the $1.6 trillion student debt was a ticking time bomb. Kiyosaki’s endorsement continues to make Bitcoin a hedge, attracting institutional and retail buyers.
During macroeconomic volatility this narrative has supported Bitcoin prices so his voice is hard to ignore.
India & NYC in the Crypto Spotlight
In India, the Supreme Court has asked the government to create a law for cryptocurrencies. Justice Surya Kant said taxing digital assets like Bitcoin at 30% without clarity is a contradiction.
The court’s intervention could speed up the rollout of supportive rules and unlock a new wave of adoption in one of the world’s largest untapped markets.
BREAKING: India’s Supreme Court calls for regulation of #Bitcoin and crypto instead of a ban. “Ignoring them is like denying reality.”
A bold step for crypto in India! 
pic.twitter.com/Rjg4pzSyMv
— Coin Bureau (@coinbureau) May 20, 2025
Meanwhile in New York, Mayor Eric Adams launched a Crypto Advisory Council at the NYC Crypto Summit. The goal: make New York the “crypto capital of the continent”.
JUST IN: 
NYC Mayor Eric Adams says his goal is to make "New York City the crypto capital of the globe." pic.twitter.com/EQHSxNESnQ
— Watcher.Guru (@WatcherGuru) May 12, 2025
The council will explore crypto payments for services and blockchain backed documentation, backed by firms like Scale and Figure. This mainstream adoption of blockchain could boost market sentiment and long term Bitcoin legitimacy.
Bitcoin Technical Analysis: Rising Wedge on the Hourly
Technically, Bitcoin has broken above $107,112 and is heading towards $108,200 the upper trendline of the rising wedge. While this wedge is bullish it can also be a reversal pattern.
The 50-EMA ($105,710) is the support and the MACD is strong with a bullish crossover.
Bitcoin price chart – Source: Tradingview
Candles are strong with minimal upper wicks – aggressive buying. But watch out for reversal signs like shooting star or spinning top.
Trade Setup:
Bullish: Break above $108,200 targets $109,043-$110,072.
Bearish: Drop below $106,000 may retest $104,259.
Neutral Zone: $106,000-$108,200.
Don’t chase, wait for clean confirmations before entering.
BTC Bull Token Nears $6.98M Cap as 71% Staking Yield Drives Demand
As BTC holding near $104K, investor focus is shifting toward yield-generating altcoins—none more so than BTC Bull Token ($BTCBULL). The token has now raised $6.06 million out of its $6.98 million presale goal, with a price increase looming as it enters its final funding stretch.
What sets BTCBULL apart is its flexible staking model, offering an estimated 71% annual yield with no lockups or withdrawal penalties.
This approach gives investors the freedom to earn passive income while maintaining full liquidity—an attractive alternative to traditional DeFi staking protocols.
Key Stats:
USDT Raised: $6,062,795/ $6,981,682
Token Price: $0.00252
Staking Pool: 1.47B BTCBULL
Yield: 71% APY
BTCBULL merges the viral appeal of meme tokens with the real-world utility of DeFi, making it a standout pick for those looking to capitalize on the 2025 crypto cycle.
With under $1 million left before the next price tier, entry at current levels is limited—fueling urgency among retail investors seeking early access to passive yield.
The post Bitcoin Price Prediction: Wedge Builds at $108K—Is BTC Ready to Break? appeared first on Cryptonews.
