Peter Schiff Warns Bitcoin May Drop to $75K
Peter Schiff predicts Bitcoin could fall to $75K, urging investors to sell and re-enter at lower prices.
- Schiff says Bitcoin could fall below $75K after breaching $109K.
- He advises selling now and re-buying at lower levels.
- Warning comes amid growing market volatility.
Schiff Sounds the Alarm on Bitcoin
Famous gold advocate and long-time crypto critic Peter Schiff has issued another Bitcoin price warning, suggesting that the digital asset could fall as low as $75,000. This came after Bitcoin briefly dipped below the $109K mark, sparking concerns among traders and investors about deeper losses in the near term.
Schiff didn’t hold back, stating that the recent breakdown in price signals a bearish trend. “Sell now and buy back lower,” he advised, claiming that this correction could be a part of a broader market recalibration after an extended rally.
Why Schiff Thinks $75K Is Coming
Schiff argues that technical indicators show weakness in Bitcoin’s momentum. While he has historically been a crypto skeptic, this latest prediction isn’t entirely out of sync with growing concerns over the market’s current volatility. Bitcoin’s failure to hold support at $109K is, according to Schiff, a red flag.
He believes that many investors are ignoring key warning signs and are overly optimistic about a near-term rebound. In his view, exiting now and re-entering at lower levels is the best risk management strategy.
Market Split on Bearish Outlook
While Schiff’s Bitcoin price warning is getting attention, not everyone agrees. Some analysts see the current dip as a natural correction in a long-term bull cycle, with long-term holders continuing to accumulate. Still, Schiff’s bearish take reflects broader fears among retail and institutional traders, especially amid ongoing macroeconomic uncertainty.
Whether Bitcoin drops to $75K or rebounds from current levels, one thing is clear: market sentiment is divided, and volatility remains high.
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