Bitcoin (BTC) Faces Imminent Downtrend, Peter Schiff Reveals Downside Target
- Peter Schiff, a well-known critic of Bitcoin and advocate for Gold, has joined the ongoing debate about Bitcoin’s valuation. He predicts a potential downside pressure in the near future, setting his target at the $54,000 price level.
- Schiff identified a negative pattern on the Bitcoin chart, indicating a likely decline in the cryptocurrency’s price. He suggests that the recent examination of Bitcoin’s short-term chart shows a shift in market attitudes.
- Amid elevated volatility and erratic sentiment, Bitcoin has been moving in a downward direction over the last several days. Schiff’s observation has garnered significant interest from the cryptocurrency community.
Peter Schiff, a critic of Bitcoin, predicts a potential downside pressure on Bitcoin’s valuation, setting his target at the $54,000 price level. Amid elevated volatility, Schiff identifies a negative pattern on the Bitcoin chart, indicating a likely decline in the cryptocurrency’s price.
Bitcoin Continues To Face Downside Pressure
Earlier today, Schiff identified a negative pattern on the Bitcoin chart, indicating that the price of the cryptocurrency is likely to decline. He claims that the most recent examination of Bitcoin’s short-term chart demonstrates a shift in the attitudes of the market. Schiff’s observation was made amid a background of elevated volatility and erratic sentiment, as Bitcoin has been moving in a downward direction ... Read the full article for FREE at COINOTAG!
