It’s Not Looking Good for Bitcoin HODLers, Warns Peter Schiff as BTC Correction Continues

The popular bitcoin perma-bear Peter Schiff has carried out another verbal attack on X during the most recent price correction that drove the asset to a multi-day low of around $63,000.

Schiff, known for his support and admiration for gold, believes BTC’s price could plummet even more if it breaks below $60,000.

As mentioned above, Schiff is a well-known gold bug and recently also commented on the yellow metal’s correction. The safe-haven asset went from an all-time high of $2,425/oz to under $2,300 in the span of a few weeks. However, it managed to bounce off and is currently trading above $2,320. Consequently, Schiff believes the worst for gold is over as he sees $2,300 as the new support level that won’t be broken soon. Moreover, he predicted that the precious metal would go above $2,400 shortly and forecasted another BTC correction.is likely over. $2,300 looks like the new $2,000. There is resistance above $2,400, but I don’t expect it to last long. In contrast, thepullback is likely just getting started.

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Source: Digital Coin News (digitalcoinnews.net)

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