Bitcoin critic Peter Schiff is bearish on Bitcoin again: the crash is intensifying
Let’s look at both sides:
Bullish case: Now that the bad news is out, there’s one less uncertainty;
Bearish case: Confidence has been shaken, so short-term buyers may be more cautious;
My take: Both sides have sound arguments. Ultimately, it comes down to which side the volume and price action of $BTC favor.
$BTC is currently at 67277.09, down 1.48% over 24h, with a 24h range of 66456–70214.31.
#BTC
Let’s look at both sides:
Bullish case: Now that the bad news is out, there’s one less uncertainty;
Bearish case: Confidence has been shaken, so short-term buyers may be more cautious;
My take: Both sides have sound arguments. Ultimately, it comes down to which side the volume and price action of $BTC favor.
$BTC is currently at 67277.09, down 1.48% over 24h, with a 24h range of 66456–70214.31.
#BTC