Bitcoin Reclaims $80K Immediately After Peter Schiff Predicted a Crash to $75K

Was this the latest wrong BTC prediction from Schiff or is there another leg down in the making over the weekend? Aside from the overall painful experience of having to endure another bitcoin leg down, these corrections are usually accompanied by Peter Schiff’s never-ending criticism and predictions about the doom and gloom of BTC and the entire industry. Yesterday was no exception. BTC dumped to a 5-week low at $79,000, and the goldbug came out of his shell and warned that the cryptocurrency is going to $75,000. That’s not exactly what happened next. Schiff’s Latest Is it really a correction if Peter Schiff doesn’t lash out? As reported yesterday, the primary cryptocurrency dipped below $80,000 and slipped to just over $79,000 for the first time since September 18. The goldbug outlined on X that “Bitcoin is finally breaking down,” going even further by saying, “it’s hard to believe it’s held up this long.” His ultimate prediction for the weekend was that the asset will inevitably dump to $75,000. He also predicted a “very long weekend for Bitcoiners, especially for ETF investors who can’t sell until Monday.” Needless to say, that didn’t happen. At least for now. Instead, BTC rebou...