Peter Schiff is better to sell bitcoin now and then buy cheaper

Peter Schiff: It is better to sell bitcoin now and then buy cheaper

President of the Euro Pacific Capital Peter Schiff updated his forecast regarding the bottom for the price of bitcoin and gave advice to investors.

In mid -May, the famous critic of the first cryptocurrency and a supporter of gold predicted the test with a digital asset of the $ 8000 output level. He substantiated this that formed on the price schedule by patterns “Double peak” and “head and shoulders”.

This time, Schiff drew attention to the long -term support level in the region of $ 5000.

“Even if you think that in the end, bitcoin will bargain above, it is difficult to imagine that he will not first test long -term support along the lower line. I think he will fail a test. In any case, it is better to sell now and buy cheaper, ”the investor commented on the schedule.

Before his previous forecast, Shiffu suggested the flagship fall below $ 10,000 if the price abruptly breaks through $ 30,000. More than 80% of the participants of the survey neglected by him agreed that the quotes would go under the indicated mark.

May 11, the price of bitcoin failed $ 30,000. After about a month of trading near the sign, on June 13, the cryptocurrency rate dropped below $ 23,000.

Recall that in early June, the co -founder of the BitMEX cryptoderivat Exchange Arthur Hayes said that Bitcoin’s quotes reached the bottom of the current cycle.

Already after the collapse of CEO and the founder of the Cryptobank Galaxy Digital, Mike Novogratz expressed the hope that the price of digital gold approached the minimum marks.

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