Peter Schiff once again warns that $BTC could see a sharp correction below $20,000, citing potential panic selling if key support levels break.
BTC is currently trading around $66.9K, down ~4% in a day and ~9% weekly, with a ~12% YTD drawdown from its ~$126K peak.
Critics dismiss the call, pointing to Schiff’s long history of bearish forecasts since 2011 and continued strong institutional accumulation.
Major holders like Strategy reportedly hold ~815K BTC, reinforcing long-term bullish conviction in the market.
Prediction markets currently price only ~7% probability of BTC falling below $20K this year. #bitcoin #BTC
BTC is currently trading around $66.9K, down ~4% in a day and ~9% weekly, with a ~12% YTD drawdown from its ~$126K peak.
Critics dismiss the call, pointing to Schiff’s long history of bearish forecasts since 2011 and continued strong institutional accumulation.
Major holders like Strategy reportedly hold ~815K BTC, reinforcing long-term bullish conviction in the market.
Prediction markets currently price only ~7% probability of BTC falling below $20K this year. #bitcoin #BTC