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Home > Information news > Bitcoin (BTC) Opponent Peter Schiff Revises Downfall Analysis: Resistance Still Persists!

Bitcoin (BTC) Opponent Peter Schiff Revises Downfall Analysis: Resistance Still Persists!

Release: 2024/05/04 14:56 Reading: 964

Original author：CO NEWS

Original source：https://coinmarketcap.com/community/articles/663546e93e2c470a1046dbb5

Bitcoin (BTC) Opponent Peter Schiff Revises Downfall Analysis: Resistance Still Persists!

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Renowned economist Peter Schiff, also known as “Altın Böcek”, has revised his bearish Bitcoin (BTC) prediction.

Schiff had earlier stated that a Head and Shoulders (H&S) pattern was forming on the Bitcoin chart, which could potentially bring the price down to $54,000.

However, contrary to his prediction, Bitcoin experienced a surge on May 3rd, prompting Schiff to update his analysis.

Peter Schiff, a well-known economist, revises his bearish Bitcoin prediction after the cryptocurrency defies his forecast and surges in value. Schiff maintains that the $60,000 resistance level still poses a risk.

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Schiff’s Revised Bitcoin Prediction

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