Bitcoin’s price has fallen to around $105,100, marking a 5.75% decline in the past 24 hours. Amid this downturn, real estate entrepreneur Grant Cardone has continued buying the dip — acquiring an additional 200 BTC through his firm Cardone Capital, following another 300 BTC purchase just a day earlier. His move has caught investor attention as a strong show of confidence during a period of volatility.
Cardone’s Perspective on Bitcoin
Cardone views Bitcoin as a “multiplier of wealth”, arguing that fiat currency continually loses value. He has revealed that his firm channels cash flow from real estate holdings directly into BTC, positioning crypto as a complementary asset to traditional property income.
Cardone’s investment model starts by allocating roughly 15% of each fund to Bitcoin, gradually moving toward a 50/50 balance between real estate and crypto assets. The approach aims to combine the stability of property returns with the high-growth potential of Bitcoin.
He summed up his philosophy by saying, “Our tenants are buying Bitcoin for our investors,” implying that even without direct exposure, real estate operations indirectly help fund BTC accumulation.
Bitcoin’s Technical — Triangle Breakdown Toward $103K
Analysts note that Bitcoin has recently experienced a triangle breakdown, pushing its next support levels toward $105,000 and $103,500. The price is currently moving within a descending channel, and both the 20- and 50-period EMAs are trending downward — signaling continued bearish pressure.
Meanwhile, the Relative Strength Index (RSI) sits near 25, indicating oversold conditions and hinting at a possible short-term rebound. However, unless a clear bullish reversal pattern emerges, Bitcoin could remain range-bound between $103,500 and $107,400.
Key resistance levels are identified at $107,500 and $110,800. If these fail to hold, BTC could fall further toward $101,600 or even $99,000. Traders are closely monitoring this consolidation zone as the market awaits signs of a potential recovery heading into Q4.
Assessment and Risk Outlook
- Cardone’s BTC accumulation during a crash serves as a signal of institutional confidence.
- The sustainability of his investment strategy will depend on BTC’s price trajectory and overall market sentiment
- Technically, Bitcoin remains under pressure; failure to break resistance could deepen the correction.
- Investors are advised to maintain strong risk management and avoid overexposure in volatile periods.
Grant Cardone’s aggressive Bitcoin purchases amid a market downturn demonstrate his long-term conviction in digital assets. Yet, technical indicators suggest ongoing fragility, and the market may need time to stabilize before a significant rebound occurs.
